Forest carbon sinks usher development opportunities in China
In May, Jia Zhibang of the State Forestry Bureau said that China also hoping to increase the forest carbon sinks up to 416 million tons of Carbon by 2020. With China’s emphasis on the development of forestry and forestry in tackling global climate change, highlights the role of “forest carbon sequestration” is in people’s eyes began to appear frequently.
What does China’s development of forestry carbon sink mean? What is the China’s forest carbon sequestration trading situation? What is the future development of forestry carbon sinks? With these questions, “China Energy Report” correspondent interviewed participants Forestry Ministerial Conference, School of Economics and Management Beijing Forestry University, Associate Professor Chen Xiaoqian.
According to Chen Xiaoqian, at present, China’s implementation of forest carbon sequestration projects there are two types. One is based on the “Kyoto Protocol” carbon sinks under the terms of the CDM project, part of the rules of the Kyoto carbon trading; the other is the State Forestry Division afforestation (climate do) rely on the China Green Foundation donated carbon sink, or some other international organization to support the implementation of carbon sequestration afforestation project, a voluntary carbon trading market.
He suggested that China’s principle of “common but differentiated responsibility” principle, should actively participate in international negotiations on REDD +, for possible future additional international financing for sustainable forestry development.
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