Page 17 - Research on Financial Development Mechanism and Path of Forestry Carbon Sequestration in Developing Countries under Double Carbon Targets

Chapter 1 Carbon Asset Management Practice

in the world and is in a leading position. In 2021, China’s renewable energy installed
capacity increased by 134 million kilowatt-hours, accounting for 76.1% of China’s new
electricity generation installed capacity; China’s renewable energy generating capacity
is 2.48 trillion kWh, accounting for 29.8% of the total electricity consumption of the
whole society. The National Development and Reform Commission and the National
Energy Administration have issued the “14th Five-Year Plan for Modern Energy Sys-
tem” and the “Medium and Long-term Plan for the Development of Hydrogen Energy
Industry (2021-2035)”, once again broadening the development opportunities of renew-
able energy, and the benefits from the development of renewable energy industry will
be more and more in the future. The development of renewable energy not only brings
new development opportunities to a large number of enterprises, but also promotes the
revitalization and development of villages. For example, China’s “Photovoltaic Poverty
Alleviation” initiative, which collects solar energy by laying solar panels, has realized
the economical use of natural resources. In June 2021, the State Energy Administration
issued the Notice on Submitting the Pilot Scheme for the Development of Distributed
Roof Photovoltaic in Counties (Cities, Districts). The audience of this document is
mainly the regions with sufficient roof resources, enthusiasm and active participation,
high power consumption and relatively mature market players. Through further pro-
moting the development of distributed roof photovoltaic in counties, it will inject new
vitality into the rural development.

1.1.3 The “double carbon” target not only brings opportunities and challenges to
the industrial development, but also improves social problems to a certain extent

Compared with agricultural development, industrial development can bring peo-
ple richer income, so the rural population will be more inclined to move to cities and
towns. However, with a large number of employed people moving to cities and towns,
the “left-behind” problem in rural areas is becoming more and more serious, and the
lack of labor force makes rural economic development difficult. Under the “double
carbon” target, in addition to bringing industrial opportunities, the rich carbon sink re-
sources in the agricultural field may also become carbon assets, which will be realized
in the future. In addition, the appreciation of rural assets and the exertion of industrial
advantages will attract talents to stay in the countryside, promote the economic devel-
opment in the countryside and alleviate the problem of insufficient development in the
countryside.

3