Recently Korean government announced the vision for low-carbon green growth. Quantifying of the carbon storage, distribution, and change of urban trees is vital to understanding the role of vegetation in the urban environment. In the city planning the carbon storage estimation has become an important factor. In this paper, KOMPSAT-2 satellite imagery was used to develop a method to predict the urban forest carbon storage from the Normalized Difference Vegetation Index (NDVI) computed from a time sequence image data. The total carbon storage change by trees in the 6 administrative zonings of Jinju was estimated using the image data in 2007 and 2009. Therefore the paper presents a method based on the satellite images, which can estimate the spread of urban tree and carbon storage variation using KOMPSAT-2.