Page 167 - Research on Financial Development Mechanism and Path of Forestry Carbon Sequestration in Developing Countries under Double Carbon Targets

Chapter IV Forestry Carbon Sequestration Financial Practice

improving living standards.
Secondly, forestry carbon sink finance in developing countries can promote envi-
ronmental sustainable development. Forest land has important ecological functions,
such as protecting water sources, protecting species diversity and reducing natural
disaster risks. By restoring and maintaining the health of forests, developing countries
can reduce carbon emissions and the increase in global greenhouse gases, thus fighting
against climate change. This can also promote the reconstruction of the global ecologi-
cal balance.
The implementation of forestry carbon sink finance in developing countries needs
the support and cooperation of the international community. Developed countries can
provide technical, financial and experience assistance to help developing countries to
establish forestry carbon sink management mechanisms and promote sustainable devel-
opment. At the same time, the international trading market also needs to be established
and improved so that developing countries can better participate in and obtain fair ben-
efits.
In promoting forestry carbon sequestration finance in developing countries, we
need to ensure the sustainability of technology and knowledge transfer. Only in this
way can developing countries truly benefit from it and become participants and ben-
eficiaries of the global low-carbon economic development. At the same time, we also
need to strengthen the supervision and evaluation mechanism to ensure that the imple-
mentation of forestry carbon sink finance is in line with the principles of environmental
and social sustainable development.
In short, forestry carbon sink finance in developing countries is an important
mechanism to promote sustainable development. It provides poor countries with both
opportunities for economic growth and environmental protection, and it also provides
an effective way for the global response to climate change. Governments of all coun-
tries, international institutions and all sectors of society should actively participate in
promoting the development of forestry carbon sink finance in developing countries and
contribute to building a more prosperous, just and sustainable world.
The Clean Development Mechanism, or CDM for short, is one of the three flexible
performance mechanisms introduced in the Kyoto Protocol. According to the prin-
ciple of “common but differentiated responsibilities”, developed countries that have
completed the industrial revolution should bear more historical responsibilities for
global warming. Therefore, the Kyoto Protocol only sets emission reduction tasks for
industrialized countries, but does not impose requirements on developing countries.

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