Page 82 - 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

relevant provisions. At the same time, in the process of forest carbon sink property
rights transfer, important parts should be recorded in real time to regulate the whole
process of the transaction.

1.3.3 improve the forest carbon sequestration measurement and monitoring
system

It is of great significance to establish a unified and applicable national forest car-
bon sequestration measurement and monitoring system for unifying the national forest
carbon sequestration measurement standard and assessing the economic value of forest
carbon sequestration. The forestry department can organize authoritative experts to con-
duct research on the actual situation of forest carbon sinks and formulate a set of mea-
surement and monitoring system with high applicability, so as to grasp the changes and
spatial distribution of forest carbon reserves in a timely manner and provide technical
and data support for forest carbon sink transactions. A perfect forest carbon sequestra-
tion measurement and monitoring system needs to have complete legal support. In the
practice of forest carbon sequestration measurement and monitoring, the government
should increase capital investment and cultivate professional forest carbon sequestra-
tion measurement and monitoring personnel, so that the forest carbon sequestration
measurement and monitoring work can be effectively carried out under the protection
of a standardized and professional measurement and monitoring system.

1.3.4 to improve the forestry carbon sequestration trading supervision system

1) Establish a special supervision platform
Due to the lack of pertinence in the supervision of carbon sequestration projects
by the Carbon Sequestration Management Office under the Forestry Bureau, a special
forestry carbon sequestration trading supervision platform should be set up according
to the general principles of MRV. This platform should bring together experts in the
field of forest carbon sequestration trading and constrain them to review the trading in
accordance with the principles of fairness, justice and openness. Considering the diver-
sity of forestry carbon sequestration trading regulatory authorities, this platform should
coordinate the functions of the competent forestry authorities, Price Bureau, CSRC and
other regulatory authorities, coordinate the handling results of various departments, fill
in regulatory gaps, and avoid multiple reviews and repeated supervision.
2) Improve the information disclosure system
Opaque transactions are prone to corruption and rent-seeking. China’s forestry

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