Page 42 - 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

2.3. Planning and Construction of Carbon Asset Management
System

In recent years, the impact of global warming has become increasingly serious,
and the possible extreme consequences of climate change have also attracted more and
more governments’ concern and attention. Carbon emissions are one of the main fac-
tors of global temperature rise. Excessive combustion of coal and oil will cause green-
house effect and global sea level rise. Extreme weather disasters caused by climate
change will bring significant losses to human survival, health and property safety. The
United States, Russia, the European Union and other countries and regions have for-
mulated relevant policies to control greenhouse gas emissions and reduce carbon emis-
sions by adjusting the industrial and energy structure. In December 1997, 149 countries
jointly signed the Kyoto Protocol in Japan, emphasizing that carbon emission rights can
be traded. The trading market is also called “carbon emission rights trading market”.
How to ensure the sustainable supply of energy in human society while reasonably con-
trolling carbon emissions, strengthen environmental governance, reduce the generation
of pollutants, enable enterprises to have low-carbon awareness, and simultaneously de-
velop a green and low-carbon economy has become a research hotspot in recent years.
In our country, with the proposal of “peak carbon dioxide emissions, carbon neu-
tral”, our country plans to reach the peak of carbon dioxide (CO2) emissions by 2030,
and strive to achieve carbon neutral by 2060. In view of the current increase in China’s
energy consumption and CO2 emissions, the government authorities have established
a carbon trading market mechanism and used market means to guide social entities to
reasonably control carbon emissions. In view of the above problems and background,
the concept of Carbon asset management came into being.
Carbon asset management aims to take the statistical management of corporate
carbon data as the cornerstone of capacity, carbon quota assets as the core and emission
reduction at home and abroad as the focus, and to carry out quota management and
carbon asset development in turn to increase economic benefits and social value. In
December 2017, the National Development and Reform Commission (NDRC) issued
the “Construction Plan for the National Carbon Emission Trading Market (Power Gen-
eration Industry)”, pointing out that China will take the lead in establishing a carbon
emission trading system in the power generation industry, and on this basis, gradually
expand the scope of industries entering the carbon market, and continuously improve
the carbon market while increasing the variety of transactions. In October 2022, the

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