Research Reports from National Institute of Forest Science Provide New Insights into Risk Management (Risk Management of Methane Reduction Clean Development Mechanism Projects in Rice Paddy Fields): Risk Management

2023 JUL 05 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- New study results on risk management have been published. According to news reporting out of Seoul, South Korea, by NewsRx editors, research stated, “Agriculture accounts for the largest share of anthropogenic methane emissions. Rice paddy fields emit a significant amount of methane gas worldwide.”

Financial supporters for this research include National Institute of Green Technology.

The news correspondents obtained a quote from the research from National Institute of Forest Science: “Changing paddy water management practices has an enormous potential to reduce greenhouse gases. The clean development mechanism (CDM) project uses a market mechanism to reduce methane through private participation. There are various risks associated with private investment in CDM projects, although carbon credits as an economic incentive assist in mitigating some of these risks. Farmer participation plays a key role in the success of paddy water management projects in rural areas; however, despite the significant potential to reduce global methane emissions, very few projects have been implemented. When designing a Sustainable Development Mechanism (SDM) system, it is crucial to understand why the market mechanism in the existing CDM projects has failed. This study identifies and categorizes the risks and barriers to paddy water management in CDM projects and analyzes risk management options in CDM projects in India, Indonesia, and Mozambique. The results of this study showed that aside from economic risks, barriers to the application of technology in the field pose critical risks. The lack of knowledge and implementation experiences in rural areas increases barriers to practice.”

According to the news reporters, the research concluded: “This in turn causes risk of difficulties in technology transfer which can be alleviated by improving awareness and introducing new knowledge through education and training in rural project implementation. Additionally, we highlight the importance of international efforts to build governance between the private and public sectors and promote technology transfers through multi-stakeholder engagement. This study provides specific information to encourage methane reduction worldwide and vitalize rice paddy water management in carbon reduction projects.”

For more information on this research see: Risk Management of Methane Reduction Clean Development Mechanism Projects in Rice Paddy Fields. Agronomy, 2023,13(6). (Agronomy - http://www.mdpi.com/journal/agronomy). The publisher for Agronomy is MDPI AG.

A free version of this journal article is available at https://doi.org/10.3390/agronomy13061639.

Our news editors report that more information may be obtained by contacting Eun-Kyung Jang, Wood Industry Division, National Institute of Forest Science, Seoul 02455, South Korea. Additional authors for this research include Emily Marie Lim, Jumi Kim, Moon-Jung Kang, Gayoung Choi, Jooyeon Moon.

ORCID is an identifier for authors and includes bibliographic information. The following is ORCID information for the authors of this research: Eun-Kyung Jang (http://orcid.org/0000-0001-6191-2677), Emily Marie Lim (http://orcid.org/0009-0004-9335-3434).

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