Page 168 - 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

For developed countries, give them some flexibility to fulfill their obligations so that
they can fulfill their obligations at a lower cost; For developing countries, they can take
advantage of the low cost of emission reduction to obtain capital and technology from
developed countries to promote their sustainable development; For the world, it can en-
able the world to reduce the total emission reduction cost on the premise of achieving
the common emission reduction target. Therefore, CDM is a multi-win option. Accord-
ing to the operation and management rules of the CDM, one of the prerequisites for the
successful registration of a CDM project is to obtain the approval of the national CDM
authority designated by the host country. The national authority (DNA) is the authority
responsible for authorizing and approving CDM project participation. DNA plays an
important role in the development of CDM projects in a country. It not only acts as an
approver, but also acts as an information service repository. In the future CDM devel-
opment and reform process, DNA will continue to play its important role.

2.1 CDM development status and DNA profile of major
Asia-Pacific developing countries

2.1.1 CDM development status of major developing countries in the Asia-Pa-
cific region

Among the seven countries of China, Myanmar, India, Indonesia, Laos, the Philip-
pines and Thailand, China and India registered a very large number of successful CDM
projects, accounting for 44% and 21% of all successful registered projects respectively.
The development speed is fast, far ahead of other countries in the world. At the same
time, the number of successful CDM projects registered in Myanmar and Laos is very
small, only 4 and 1 respectively, lagging far behind other developing countries in Asia
and the Pacific. Myanmar and Laos belong to countries with fewer than 10 registered
projects proposed by the United Nations and need special support. The unbalanced dis-
tribution of CDM projects in different regions is one of the reasons why the mechanism
of CDM has been criticized. However, an in-depth analysis shows that this imbalance
is inherently inevitable.
First of all, the potential of CDM implementation in various countries and regions
is determined by the greenhouse gas emission reduction potential of that country or
region, and the emission reduction potential is closely related to factors such as popula-

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