Market-Based Financing Mechanism and Design of Voluntary Trading Platform for China Forest Carbon Sinks

Ying Zhu, Hong Lan, David A. Ness, Ke Xing, Kris Schneider, Seung-Hee Lee and Jing Ge
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Ying Zhu: Int’l Graduate School of Business University of South Australia
Hong Lan: School Environment and Natural Resources Renmin University of China
David A. Ness: Barbara Hardy Institute University of South Australia
Ke Xing: School of Engineering University of South Australia
Kris Schneider: University of Vienna
Seung-Hee Lee: Nemopartners China Consulting Group
Jing Ge: Jiangsu Broadcasting Corporation

Chapter Chapter 3 in Transforming Rural Communities in China and Beyond, 2015, pp 35-60 from Springer

Abstract: Abstract This chapter analyses a green platform for a pilot transaction of China forest carbon sinks led by the Huadong Forestry Exchange in the context of a platform, demand, supply, pricing mechanism, purchase agreements and transaction products with the focus on its financing mechanism, known as China Green Carbon Fund. The chapter highlights key areas of challenges and implications that need to be addressed to continue program development of forest carbon sink projects with the support of financing mechanisms. This study provides possible implications for other provinces or municipalities at a local level in China and other developing countries preparing for, or in the process of, facilitating trading platforms for forest carbon sinks at a national level. This chapter also provides a comparison of the development of voluntary forestry carbon sinks in Yunnan and Zhejiang Provinces. It draws comparisons from four viewpoints: regional financial support, development of organisations, talent development, and exchange of experience. Finally, it concludes that capabilities of forestry resources appraisal should be improved, financial support and experience exchange strengthened, and carbon credit trading strongly promoted.

Keywords: China forest carbon sink; China Green Carbon Fund; Financing mechanism; Domestic voluntary carbon market (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-11319-7_3

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DOI: 10.1007/978-3-319-11319-7_3

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