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Climate Change 2016
October 27-29, 2016
Volume 7, Issue 9(Suppl) J Earth Sci Clim Change
ISSN: 2157-7617 JESCC, an open access journal
conferenceseries .com
October 24-26, 2016 Valencia, Spain
World Conference onClimate Change
Economic valuation of the biodiversity-related changes in ecosystem services of the arctic caused by
climate change
Hyo-Sun Kim and Ho Il Yoon
Korea Polar Research Institute, Korea
According to the recent observation by NOAA (US National Oceanic and Atmospheric Administration), 2015 is the
warmest year based on global average temperature since 1880. The air temperatures in the Arctic have been rising at
almost twice the global average and the extent and thickness of sea ice in the Arctic have declined. And the warming process in
the Arctic is accelerating rapidly. These impacts of drastic change in sea ice caused by climate change in the Arctic threaten the
eco-system service and biodiversity in the Arctic. This study intends to estimate the economic value on changes in eco-system
services and biodiversity of the Arctic caused by climate change. The result of the valuation indicates that the total benefit from
improvement of ecosystem in the Arctic ranges from 318.6 billion won to 715.9 billion won per annum. Replication scenarios
can be explored into two broad categories in future studies: scenarios in consideration of conflicts of different stakeholders and
scenarios based on wider or narrower definition of biodiversity in the Arctic.
Biography
Hyo-Sun Kim is a Senior Economist of the Korea Polar Research Institute (KOPRI) for the Arctic Energy Financing and Climate Change Policy. Her career includes
working for Korea Gas Corporation from 1996 to 2015 and serving at the UN Development Program from 1998 to 1999. She is also a Director of the Korea
Environmental Economics Association and a Coordinator of Korea-China Green Forum. She has been serving in advisory policy positions, such as a chair for
Carbon Trading Committee for Ministry of Industry and a member of Sustainable Development Committee under International Gas Union.
Hyo-Sun Kim et al., J Earth Sci Clim Change 2016, 7:9(Suppl)