Page 173 - 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

2.2 Suggestions on Promoting CDM Project Operation and
Management Policies in China and Asia-Pacific Developing
Countries

Through the analysis and comparison of DNA management and implementation
in seven Asia-Pacific countries, it can be seen that all Asia-Pacific countries have cer-
tain experiences that are worth learning from each other, so as to jointly improve the
operation and management level of CDM projects and promote the improvement of
government policies to deal with climate change. In particular, it has certain reference
significance for China’s CDM project operation and management policies.

2.2.1 Suggestions on CDM Management in China

1) Implementing agencies
As a big developing country, China needs a strong government agency to take the
lead in the management and implementation of CDM in the future. How to allocate the
management rights of CDM among the national development and reform Commission,
the Ministry of Science and Technology, the Ministry of Environmental Protection and
other ministries and departments, especially how to coordinate the different opinions
among these departments, may be an issue that should be seriously considered in the
ongoing reform of the super-ministerial system. However, there is only one starting
point, which is to help the operation and management of CDM in China truly serve the
core theme of climate change.
2) Audit principles
In the long run, the host country’s understanding of the three basic elements of the
CDM project, namely the environmental factors, social factors and economic factors of
the project, will be paid more and more attention by the United Nations EB audit orga-
nization. In order to avoid questioning the additionality of hydropower and waste heat
power generation CDM projects in China and ensure the smooth progress of the later
verification and monitoring, in addition to continuing to strictly review the legality of
the projects, the legality of the owners and the management of the emission reductions
resulting therefrom, strengthening the checks on environmental protection and sus-
tainable development standards, strengthening the encouragement of non-hydropower
CDM projects and maintaining the diversity of CDM project types in the DNA verifica-
tion process will be an important direction of efforts.

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