Page 50 - 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

carbon assets and conduct operation and management. The concept connotation of car-
bon assets arises with the generation and trading of carbon emission rights. What was
initially involved was the Clean Development Mechanism (CDM) mentioned in the
Kyoto Protocol. Its main content refers to that developed countries implement projects
with greenhouse gas emission reduction effects in developing countries with financial
and technological support, and are certified according to the corresponding emission
reductions. When the amount of carbon emission reduction in developed countries does
not meet the requirements, they can purchase and trade from developing countries.
The operating mechanism of carbon trading has been gradually formed and developed
around the world, making carbon quotas an important asset for the operation and de-
velopment of enterprises. With the “double carbon” target proposed and implemented,
carbon emissions trading is becoming more and more frequent, and the value of carbon
assets has gradually become prominent.
How to define the connotation of carbon assets has experienced a long period of
exploration and research. According to a large number of literature review, the conno-
tation of carbon assets was first described from the broad and narrow dimensions. In a
broad sense, carbon assets refer to the sum of all resources that can directly or indirect-
ly reduce carbon emissions for enterprises based on the development goal of low-car-
bon economy. Such resources include not only carbon emission rights, but also tangible
assets and intangible assets for the purpose of reducing carbon emissions. The narrow
definition of carbon assets includes only two aspects: carbon quotas and carbon emis-
sion reductions. Both broad and narrow viewpoints have certain limitations. The big-
gest problem in the practical operation of the broad concept is that it is not conducive
to the recognition and measurement of carbon assets; The narrow concept has a narrow
scope. Although it can be confirmed and measured by certain methods, it is not condu-
cive to the long-term implementation of the carbon trading mechanism and strategy.
In recent years, with the gradual deepening of the research on carbon assets, the
connotation of carbon assets has been gradually expanded and enriched. All activities
that can enable enterprises to achieve carbon emission reduction and generate value
have been classified into the connotation category of carbon assets. This connotation is
based on the aforementioned broad and narrow connotations, with the emphasis on the
“value” of carbon assets. Carbon assets can bring economic benefits to enterprises, re-
gardless of whether they are obtained through allocated carbon quotas or carbon emis-
sions market transactions. According to the definition of assets and the reality of carbon
trading, carbon assets are defined as the collective name of various carbon resources

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