Strengthening Carbon Financing for Grassland Management in the People's Republic of China: Incentive Mechanisms and Implications

Asian Development Bank (adb)

No RPT136139, ADB Reports from Asian Development Bank (ADB)

Abstract: The People’s Republic of China (PRC) is being impacted by climate change. The resulting degradation and desertification of grasslands are projected to lead to decreased productivity and severely affect livestock and ecosystems. Financial incentives are required to improve environmental management of grasslands and reduce greenhouse gas emissions in the grassland sector of the PRC. This publication summarizes the legal and policy framework for incentive programs, assesses the impact of three main incentive programs on soil carbon stocks, and analyzes the implications of these existing incentive mechanisms for the development of grassland carbon finance projects for domestic carbon markets.

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: 54 pages
Date: 2014-01, Revised 2014-07-08
New Economics Papers: this item is included in nep-agr, nep-env, nep-ppm and nep-tra
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