Abstract
Hydropower offers significant value for global carbon peak and carbon neutrality. However, the construction of hydropower stations leads to significant changes in land use and cover structure in reservoir areas, which affect ecosystem services including carbon balance. Furthermore, the development and operation of hydropower project require vast investment. However, the reservoir ecosystem's carbon storage and carbon emission reduction caused by hydropower could offer economic benefits when the official carbon market trading in China was launched in 2021. Therefore, it is necessary to assess comprehensively the changes in carbon storage and its value to the ecosystem in reservoir areas. The evaluation is of great importance for carbon loss reduction, land management, and hydropower development. This study provides a comprehensive and effective framework for evaluating changes in carbon storage and has its value to the reservoir ecosystem. It combines land utilization classification data obtained from remote sensing image interpretation and the Integrated Valuation of Ecosystem Services and Tradeoffs (InVEST) carbon storage model. Based on the case study of the Xiluodu reservoir area, they were evaluated from two aspects: physical quantity and value quantity. The results show that the carbon storage in the Xiluodu reservoir area increased by 8,504.42 Mg from 2000 to 2018. The spatial distribution of the carbon storage shows a trend of high in the north and west, but low in the south and east. The construction of hydropower stations and the rise of reservoir water level covered a large amount of land, which led to the loss of carbon storage in reservoir areas. By implementing soil and water conservation and vegetation protection policies, parts of the cultivated land and grassland were converted into forestland, which was the main source for increasing the ecosystem's carbon storage. Moreover, carbon emission reduction was achieved by hydropower. In terms of the monetary value, the carbon storage value of the reservoir ecosystem increased to 19 million RMB during the construction period (2005-2015). The carbon storage value of the reservoir ecosystem increased to 611 million RMB during the operation period (2015-2018). The latter was greater than the maintenance cost of the hydropower station and exceeded the amortized cost of hydropower development, indicating the feasibility and economic benefits of hydropower development. These findings provide guidance for future hydropower development decisions in Jinsha River Basin and also others.