Page 130 - 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

fore the end of the transition period, the European Commission should assess whether
to expand the scope from the current six industries to more industries and commodities
with carbon leakage risk, including organic chemicals, polymers, etc., with the goal of
including all commodities covered by EU-ETS by 2030. The European Commission
will present a proposal by 2026 that would include more downstream products. This
means that in the long run, CBAM’s industry coverage will gradually extend to down-
stream products in the supply chain. Take the steel and aluminum industry as an exam-
ple. If it extends to downstream products, machinery and transportation equipment will
bear the brunt, and the indirect export of a large number of steel and aluminum prod-
ucts will be seriously affected.
From the perspective of supply chain integrity, we should highly guard against
the phenomenon of enterprises moving out of the supply chain. CBAM has begun to
restrict the trade of high-carbon products. High-carbon emissions from any part of the
supply chain will lead to more carbon control costs for export products. In order to
avoid the cost increase, the advantageous enterprises and advantageous links in the sup-
ply chain are likely to flow from high-carbon countries to low-carbon countries, thus
affecting the continuous stability of the supply chain.
Taking green procurement as the starting point, we will further push upstream raw
material suppliers to intensify technological transformation for energy conservation and
carbon reduction. First, chain owners are encouraged to implement green procurement,
establish a sound management system for suppliers’ access assessment and exit, extend
management, transfer the requirements for low-carbon life of end products to suppliers
further upstream, and extend the existing level-1 and level-2 supplier management to
level-3 and even more front-end suppliers. The second is to take green procurement
as the starting point, push the suppliers of iron and steel, nonferrous metals, chemical
industry, building materials and other industries that provide raw materials from the ter-
minal to set carbon reduction targets independently, apply innovative low-carbon tech-
nologies, optimize technological processes, speed up the technological transformation
of energy conservation and carbon reduction, adjust the energy structure, improve the
management level of carbon emissions, and significantly enhance the supply capacity
of low-carbon raw material products.
Taking the reduction of carbon emission intensity in the supply chain as the key
starting point in the construction of green supply chain. First, based on the existing
green supply chain evaluation indicators, carbon emission accounting indicators are
added to guide green supply chain management enterprises to take products as the core

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