Strengthening Carbon Financing for Grassland Management in the People's Republic of China: Potential Carbon Markets

Asian Development Bank (adb)

No RPT136135, ADB Reports from Asian Development Bank (ADB)

Abstract: Carbon emissions trading markets are one of the main policy mechanisms of the People’s Republic of China (PRC) to encourage the reduction of greenhouse gas emissions. Grasslands cover 40% of the PRC’s land area, and these contain large amounts of carbon. Restoration and sustainable management of these rasslands have large greenhouse gas mitigation potential. This publication assesses the potential of carbon market mechanisms to support the achievement of grassland policy objectives. It also reviews the state of national policy regarding climate change mitigation, particularly carbon markets, and outlines opportunities and challenges in producing carbon offsets from grasslands.

Keywords: China, People’s Republic of China, PRC, mitigation, climate policy, grassland management, livestock management grassland carbon sequestration, carbon offset, carbon market carbon trade, carbon dioxide , greenhouse gas, clean development mechanism; CDM, certified emission reduction; CER, GHG intensity, carbon credit, emissions trading verified carbon standard; VCS, voluntary emission reduction, VER (search for similar items in EconPapers)
Pages: 34 pages
Date: 2014-01, Revised 2014-07-08
New Economics Papers: this item is included in nep-env and nep-ppm
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