Comprehensive Overview Assessment on Legal Guarantee System of Wetland Carbon Sink Trading for One Belt and One Road Initiative

Jingjing Min, Wanwu Yuan, Wei He (), Pingping Luo (), Hanming Zhang and Yang Zhao
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Jingjing Min: Shaanxi Academy of Social Sciences, Xi’an 710065, China
Wanwu Yuan: Key Laboratory of Subsurface Hydrology and Ecological Effects in Arid Region, Chang’an University, Ministry of Education, Xi’an 710054, China
Wei He: School of Law, Xi’an Jiaotong University, 28 Xiannning West Road, Xi’an 710049, China
Pingping Luo: Key Laboratory of Subsurface Hydrology and Ecological Effects in Arid Region, Chang’an University, Ministry of Education, Xi’an 710054, China
Hanming Zhang: Key Laboratory of Subsurface Hydrology and Ecological Effects in Arid Region, Chang’an University, Ministry of Education, Xi’an 710054, China
Yang Zhao: Key Laboratory of Subsurface Hydrology and Ecological Effects in Arid Region, Chang’an University, Ministry of Education, Xi’an 710054, China

Land, 2025, vol. 14, issue 8, 1-21

Abstract: The countries and regions along the Belt and Road are rich in wetland carbon sink resources, crucial for mitigating greenhouse gas emissions and achieving global emission reduction. This paper uses policy analysis and desk research to analyze the overview of wetland carbon sinks in these countries. It explores the necessity of legal system construction for their carbon sink trading. This study finds that smooth trading requires clear property rights definition rules, efficient market trading entities, definite carbon sink trading price rules, financial support aligned with the Equator Principles, and support from biodiversity-compatible environmental regulatory principles. Currently, there are still obstacles in wetland carbon sink trading in the Belt and Road, such as property rights confirmation, an accounting system, an imperfect market trading mechanism, and the coexistence of multiple trading risks. Therefore, this paper first proposes to clarify the goal of the legal guarantee mechanism. Efforts should focus on promoting a consensus on wetland carbon sink ownership and establishing a unified accounting standard system; simultaneously, the relevant departments should conduct field investigations and monitoring, standardize the market order, and strengthen government financial support and funding guarantees.

Keywords: wetland carbon sink; carbon sink trading; legal guarantee mechanism (search for similar items in EconPapers)
JEL-codes: Q15 Q2 Q24 Q28 Q5 R14 R52 (search for similar items in EconPapers)
Date: 2025
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