Page 187 - 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

er changes in the use of natural resources and higher risks of livelihood transformation.
In the process of participating in CDM forestry carbon sequestration projects, forestry
communities in China experienced a complicated transition process from a livelihood
model to a natural resource development and utilization model. Based on the empiri-
cal analysis of CDM forestry carbon sequestration projects in Sichuan Province, john
young et al. found that the willingness of forest farmers to participate in CDM forestry
carbon sequestration projects is related to many factors such as the land area involved
in the projects, the strength of government support obtained, the level of household
income, the degree of information acquisition, traffic conditions, etc. Ding Yi and Ma
Panpan’s research on CDM forestry carbon sink project in Yuexi County, Sichuan
Province found that ordinary farmers have no significant enthusiasm for afforestation
and value short-term benefits more. However, foresters’ willingness to afforestation is
directly related to their expected income, and they are only willing to participate in af-
forestation projects if their expected income is considerable.
As the largest developing country in the world, China has identified these experi-
ences and problems in the process of actively participating in the CDM forestry carbon
sink project practice, which fully reflects the inadaptability of CDM in developing
countries as a mechanism linking developed countries with developing countries for
climate cooperation. Based on their development situation, some forestry carbon sink
project communities have coordinated the development of forestry carbon sink proj-
ects with the process of promoting the transformation of the use of natural resources in
forestry communities, balancing the realization of multiple objectives such as forestry
carbon sink project development, poverty reduction, sustainable livelihood develop-
ment, community development and biodiversity protection. If we can carefully analyze
and summarize these forestry carbon sequestration trading practices in the context of
developing countries, we can provide some experience and lessons for China to share
in promoting the development of building a green “Belt and Road” and leading climate
cooperation among developing countries in the future.

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