Page 127 - Research on Financial Development Mechanism and Path of Forestry Carbon Sequestration in Developing Countries under Double Carbon Targets

Chapter 3 Low-carbon and Economical E-commerce

1.3.2 Adjust the production and supply chains to meet the requirements of
CBAM

Since July 2021, when the EU first announced the proposal of the carbon border
regulation mechanism bill, it has undergone several modifications and finally took
shape. Societe generale carbon finance research institute has previously conducted an
assessment on the relevant proposals. This is the draft of the final decree and imple-
mentation rules of the carbon border control mechanism. The overall operation process
of the EU Carbon Border Control Mechanism (CBAM), which was not clear before,
has become clearer and more specific, thus showing some new features.
First, the EU is willing to negotiate with all parties on the dispute over the carbon
border adjustment mechanism, leaving room for policy adjustment. Secondly, com-
bined with the “Battery and Waste Battery Law” recently passed by the EU, it can be
seen that the EU intends to promote the global integration of eco-environmental costs
into the economic cost system through two major tools, namely the carbon border ad-
justment mechanism and the carbon footprint of products, so as to play and enhance
the global green competitiveness of EU enterprises. Finally, the supporting information
system can enable the EU to effectively grasp the relevant carbon emission data in the
process of economic development of various countries in the world, which is helpful
for the EU to carry out wider climate diplomacy.
First, hold relevant negotiations with the EU as soon as possible. On the basis
of China-EU bilateral negotiations, negotiations under the WTO framework can be
launched simultaneously. No matter whether China finally accepts CBAM or not, it is
necessary to start negotiations as soon as possible to enhance understanding. The rele-
vant consultation suggested that the principle of “common but differentiated responsi-
bilities” should be adhered to, based on the “carbon neutral” commitment time already
made by various countries under the Paris Agreement, and that it should not be carried
out simply in the way of developed and developing countries.
Second, we will discuss relevant methodologies, the determination of parameters,
statistical methods, qualified release agencies and third-party assurance agencies, mu-
tual recognition between the two parties, etc. As a set of norms applicable both at home
and abroad, there are some elements that our country can learn from. Therefore, it is
necessary to conduct negotiation and mutual recognition.
It is particularly worth pointing out that in the past, China’s greenhouse gas sta-
tistics accounting caliber focused more on the domestic “compaction responsibility”

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