Page 57 - Research on Financial Development Mechanism and Path of Forestry Carbon Sequestration in Developing Countries under Double Carbon Targets

Chapter 1 Carbon Asset Management Practice

Section 4 Carbon Measurement and Carbon Audit

4.1 Important Role of Carbon Measurement in Achieving the
“Double Carbon” Target

Global climate change is a huge challenge facing human society at present. As a
responsible power, China is actively adopting strong policies and measures to deal with
climate change. The “double carbon” measurement is an important basis for China’s
effective use of energy resources, profound changes in industrial structure, healthy
transformation of people’s lifestyle and healthy transformation of social and economic
structure, a key guarantee for China to complete the task of “measurable, reportable and
accounting” of greenhouse gas emissions, and is crucial for China to achieve the “double
carbon” target on schedule.

4.1.1 the current situation and major problems of the “two-carbon” mission

The core of “double carbon” is to control the total carbon emissions. If the “Dou-
ble Carbon” mission does not have accurate measurement data, there is no right to
speak. Understanding the carbon emission base is an important basis for scientific deci-
sion-making, effectiveness evaluation and international negotiations, and is a prerequi-
site for China to achieve the “double carbon” target.
1) Status of “Double Carbon” Mission
According to the White Paper “Energy Development in China in the New Era” is-
sued by the the State Council Information Office in 2020, the intensity of carbon emis-
sions in 2019 was 48.1% lower than that in 2005, and the overall target of reducing the
intensity of carbon emissions by 40%-45% set in 2015 was achieved ahead of schedule.
During the general discussion at the 75th UN International Conference in September
2020, it was stated that the carbon dioxide emissions would strive to reach a peak by
2030 and strive to be carbon neutral by 2060. The meteorological ambition summit in
December 2020 went on to say that by 2030, CO2 emissions from total domestic GDP
of enterprises will be reduced by more than 65% compared with 2005. According to the
“Progress Report on the Implementation of National Independent Contribution Targets
in China (2022)” officially submitted by the national focal points of the United Nations
Framework Convention on Climate Change to the secretariat of the United Nations
Framework Convention on Climate Change, the intensity of carbon emissions in 2021
decreased by 50.8% as compared with 2005 and 3.8% as compared with 2020. The

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