RISK FACTORS IN THE IMPLEMENTATION OF FOREST CLIMATE PROJECTS ON DISTURBED LANDS

This article is devoted to the consideration of the risks of implementing forest climate projects aimed at increasing the absorption of greenhouse gases on disturbed lands. In the course of the work, generalized processes for the implementation of such projects were determined, the main economic aspects of the implementation of forest climate projects on disturbed lands were systematically described. The implementation of forest climate projects on disturbed lands is accompanied by such risks as environmental, economic and social. At the same time, the most significant are financial, natural and climatic and risks of staffing shortage. Using the method of expert assessments, the most dangerous risks in the implementation of forest climate projects on disturbed lands were identified, such as insufficient funding during the life cycle of the project, lack of qualified personnel, in combination with ensuring safety during the implementation of design work, as well as the presence of additional investment costs for the reclamation of disturbed areas, natural and climatic and soil risks manifested also in a decrease in the survival rate of forest plantations. It has been established that the payback periods of forest climate projects on disturbed lands are extremely sensitive to the financing of the activities, and underfinancing of project activities can cause the death of plantings and the termination of the project. Forest climate projects on disturbed lands are among the most complex and expensive natural solutions implemented in order to increase the absorption of greenhouse gases.