Page 27 - Research on Financial Development Mechanism and Path of Forestry Carbon Sequestration in Developing Countries under Double Carbon Targets

Chapter 1 Carbon Asset Management Practice

5) Carbon trading method to be optimized
In order to promote the development of China’s low-carbon economy, China has
promulgated a series of rules and regulations on carbon trading, especially in the pro-
cess of promoting the carbon trading pilot work. Some regions have formulated rules
and regulations based on the development needs of local carbon trading. Of course,
most places do not have corresponding carbon trading regulations, which is difficult to
provide effective institutional guarantee for the operation of low-carbon economy and
carbon trading. Carbon trading management is related to the development of low-car-
bon economy, and also affects the realization of national carbon neutral targets. Due to
the lack of perfect laws and regulations on carbon trading system, some local policies
and regulations are difficult to give full play to the effectiveness of the legal system.
Under the premise of unclear legal regulations, irregularities will occur, which will
restrict the normal operation of the carbon trading market. In addition, government sys-
tems and regulations are scarce and lack of norms. If carbon trading can be regulated
through legal systems and legal norms are formulated, the standardized management
and development of carbon trading will be accelerated, which will play a significant
role in promoting the low-carbon target.
2.1.3 domestic carbon verification issues to deal with effective strategies

1) Clarify the verification guidelines and build an exit mechanism
In the process of rapid development of low-carbon economy, if we want to further
promote the steady operation of low-carbon economy, we must clarify the verification
rules and carry out the verification according to the verification guidelines. At the same
time, it is necessary to establish an entry and exit mechanism to better regulate the ac-
tivities of the verification agencies and ensure the orderly development of the verifica-
tion work. First of all, we should strictly manage the third-party verification agencies,
clarify the access mechanism, raise the access threshold, and do a good job in public
solicitation to ensure the fairness and accuracy of verification. Secondly, we should do
a good job in audit management, audit the qualification of access institutions, audit all-
round access subjects, and use credit ratings to evaluate the verification institutions,
which are one of the main bases for withdrawing from the industry. During the review,
it is necessary to conduct an all-round assessment of its credit, software and hardware,
etc. so as to determine whether its verification qualification meets the requirements.
Build an exit mechanism, set exit standards, regularly evaluate third-party institutions
in the industry, and revoke their business licenses for those who do not meet the re-

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