Page 114 - Research on Financial Development Mechanism and Path of Forestry Carbon Sequestration in Developing Countries under Double Carbon Targets

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

change.
2) to promote international cooperation and technological development
Promoting international cooperation is an important driving force for the develop-
ment of forestry carbon sink financial secondary market. With the problem of global
climate change becoming more and more prominent, all countries are aware of the need
to work together to mitigate and adapt to the effects of climate change. Against this
background, strengthening international cooperation, especially in the field of forest-
ry carbon sinks, can promote resource sharing, experience exchange and technology
transfer. Through cooperation with other countries and regions, China can learn from
the international advanced experience to speed up the construction and development of
forestry carbon sink market. At the same time, international cooperation is also condu-
cive to jointly addressing global challenges, promoting the realization of the global car-
bon neutral goal and promoting the construction of a community of human destiny. At
the same time, technological development is also an important support to promote the
development of forestry carbon sink financial secondary market. With the continuous
progress of science and technology, new technologies such as artificial intelligence and
block chain are playing an increasingly important role in carbon sequestration market
monitoring, trading and management. The use of advanced technology can improve the
monitoring and evaluation accuracy of carbon sink resources, reduce transaction costs,
improve market transparency and efficiency, and thus promote the healthy development
of the market. Therefore, strengthening international cooperation and promoting tech-
nological development are the two-wheel drive to promote the development of forestry
carbon sink financial secondary market, and make positive contributions to coping with
climate change and protecting the ecological environment.

3.4 Case analysis

3.4.1 Global established forestry carbon sink financial market

1) European Union Carbon Market
As a pioneer of global carbon trading, the European Union carbon market is one of
the largest and most mature carbon markets in the world. The market was established
in 2005 as part of the EU’s commitment under the Kyoto Protocol to tackle climate
change by reducing greenhouse gas emissions. At the heart of the carbon market is the

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