ECONOMICS OF SOIL CARBON SEQUESTRATION AND DEVELOPMENT OF LOW-CARBON LAND USE.

This paper studied the economic assessment of soil carbon sequestration and financial support for development of low-carbon land use in Ukrainian agriculture in the context of climate change. Results of evaluation show that Ukraine plays a strategic role in the soil carbon sequestration in Europe. Ukrainian soils contribution is equal to one third of SOC sequestered in agricultural soils of the European Union. Economic assessment of stocks of SOC in Ukrainian soils indicates that its value is in the range from 14.4 thousand USD/ha (Gray forest soils) to 103.7 thousand USD/ha (Chernozem-meadow soils). The results of analysis revealed that for agricultural production and the formation of the economic fertility of soils in Ukraine, the effects of climate change on warming will be both positive and negative. Taking into account the international experience of adaptation of land use processes to climate change, the basis of strategy of adaptation of agriculture in the enterprises of Ukraine to warming is proposed to put the concept of low carbon land use. As a result of the study it was determined the macroeconomic assessment of the need of financial resource for development potential of low carbon land use in Ukraine for the period until 2030. [ABSTRACT FROM AUTHOR]