Widiasyih, Anugrah Sri and FEBRIAMANSYAH, RUDI and Raesi, Syahyana
(2016)
ECONOMIC FEASIBILITY ANALYSIS CRITICAL LAND MANAGEMENT IN PROJECT VCM (VOLUNTARY CARBON MARKET) (CASE STUDY IN JORONG SUBARANG KENAGARIAN PANINGGAHAN SOLOK DISTRICT).
In: International Conference on Green Development in Tropical Regions, 28-31 October 2015, Universitas Andalas, Padang; ISBN 978-602-73463-0-7.
Abstract
Land and forest damage occurred in Nagari Paninggahan causes critical land area of 2.700 Ha. In order to repair the damage to forests and land and increase productivity and restore its function as protection for Watershed (DAS) Batur lake, one of the activities is Voluntary Carbon Market (VCM). VCM project is an investment of financial resources, social, physical and material. As an investment there is always a benefit or advantage that is expected either directly or indirectly. So the aim of this research is to analyze the economic feasibility of the critical land management in Jorong Subarang Kenagarian Paninggahan, Sijunjung Sirih subdistrict, Solok District. The research method is descriptive method which uses the case study. From 2010-2015, the area of 31,65 ha has spent Rp 1.371.923.020. The economic calculation of VCM project indicated from the results of the economic analysis of VCM that is 31.65 hectares with a 5-year analysis period at the interest rate of 12%, the B / C Ratio of 1,02, with NPW of Rp 18.533.726 and EIRR of 12,05%. It is due to the calculation of the economic benefits of externalities are not fully assessed quantitatively. A sensitivity analysis shows that the VCM project is sensitive to some effects of the changes, such as the effect of the increase of dollar exchange rate, the rise of inflation and the high cost of maintenance of plants in areas of critical land. VCM project sensitivity level is 2%. Although it is sensitive to the effects of changes, VCM Project has a positive impact on the community and environment as (1) reduce the critical land, so as to prevent the occurrence of fires, the air absorption of CO2 impact on the environment and add DTA, (2) provides a training for using herbicides and (3) Increase employment opportunities. The results of this research could be used as information for farmers on the improvement of degraded land and for the government as a basis for policy making and extension for VCM project development in the local area.
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