Page 11 - Research on Financial Development Mechanism and Path of Forestry Carbon Sequestration in Developing Countries under Double Carbon Targets

process of China's participation in global climate governance, which has experienced
the process from participating in the international carbon emissions trading mechanism
(mainly CDM projects) as the host country to gradually establishing the domestic car-
bon emissions trading mechanism.
The development process of forestry carbon sequestration trading in China is, to
a certain extent, a microcosm of the evolution of China's role in global climate gover-
nance. In the first decade of the 21st century, as the largest developing country in the
world, China actively participated in the international carbon emissions trading mecha-

nism under the UNFCCC, namely, as the host country of carbon sinks "sold" to devel-
oped countries, and implemented a number of CDM forestry carbon sink trading proj-
ects. However, with the end of the first commitment period (2008-2012) of the Kyoto
Protocol, especially after the conclusion of the Paris Agreement in 2015, the global
climate governance pattern has changed, and the international community has redefined
the emission reduction responsibilities of developing countries, so that the Kyoto Proto-
col has weakened the international climate cooperation mechanism based on the dichot-

omy of "developed countries and developing countries". Instead, emerging economies
such as China began to propose their own "National Independent Contribution (NDC)"
in response to global climate change under the "common but differentiated" initiative,
and established carbon emission trading mechanisms at the regional and national levels.
The book is divided into four chapters. The first chapter is about carbon asset man-
agement practices, including green finance and "double carbon" objectives, carbon
asset management system, carbon asset value assessment and carbon measurement and
carbon audit; The second chapter is forestry carbon sequestration finance, including for-
estry carbon sequestration trading legal system and guarantee system, forestry carbon

sequestration financing service market and forestry carbon sequestration finance sec-
ondary market derivatives trading; The third chapter is the low-carbon economy e-com-
merce, including the relationship between the carbon border adjustment mechanism
(CBAM) and the EU carbon market, the development of e-commerce and the concept
of low-carbon economy, the low-carbon logistics of e-commerce under the background
of "double carbon", the potential impact of low-carbon economy e-commerce on Chi-
na and the policies and measures of China to deal with CBAM; The fourth chapter is