Page 52 - 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

It is precisely because of the scarcity of carbon assets that carbon assets have the value
of exchange, which has attracted worldwide attention and recognition and is traded in
the market. The scarcity of carbon assets gradually highlights with the increasing con-
sumption of environmental resources.

3.2.3 Homogeneity

The reason why carbon assets can be traded and circulated in the international mar-
ket indicates that carbon assets are homogeneous. Although carbon assets come from
different regions, different countries, different projects and different industries in the
world, because the policy basis, trading principles and operating mechanism of carbon
assets are unified, carbon assets can be traded indiscriminately in the international mar-
ket, avoiding differences brought by industries or regions, and can be traded widely.

3.2.4 property rights

After the carbon asset is allocated or traded by the government, the enterprise owns
or controls the carbon asset, and accordingly has the legal property right to the carbon
asset. As a real right application in the law, the enterprise has certain property attribute.
Enterprises can use and trade carbon assets as needed to obtain property rights within
the time limit. Property rights are acquired through enterprises’ direct or indirect acqui-
sition of carbon assets.

3.2.5 Investment

The commodity nature of carbon assets determines that carbon assets can be free-
ly traded in an open carbon market and bring related economic benefits to enterprises
that own or control carbon assets. The transaction price of carbon assets is determined
based on actual and future derivative values. Through continuous technological upgrad-
ing and equipment renewal of low-carbon and environmental protection, the enterprise
forms a good low-carbon cycle, reduces the carbon emissions of greenhouse gases, ob-
tains the remaining carbon emission quota and carries out transactions, and ultimately
aims at obtaining revenue, which indicates that carbon assets have certain investment
attributes.
3.2.6 Real options

Carbon assets have a certain degree of real option characteristics. On the one hand,
carbon assets are affected by uncertainty factors such as market price and market de-

38