Page 96 - 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

come a hot topic under this background.
In recent years, China’s commercial financial institutions have introduced finan-
cial products such as financing, factoring, asset management, funds and bonds around
the performance and trading of carbon emission quota. Individual institutions with
outstanding performance have formed carbon financial service solutions covering set-
tlement, financing, intermediation and asset management. For the operating entities
of carbon trading platforms, they provide services such as bank-side account opening
agency, transaction settlement and fund supervision; For key emission units, services
such as pledge financing of carbon assets, structured deposits of carbon emission right
proceeds and repurchase of carbon assets were provided; For green investors and in-
dividuals, it provides wealth management products invested by green and low-carbon
industries and credit businesses supporting individual green consumption.
Suggestions on promoting the development of carbon finance market. First, im-
prove laws and regulations to clarify the creation of security interests in carbon emis-
sion rights and mortgage registration. It is suggested that the Ministry of Ecology and
Environment, together with the People’s Bank of China, China Banking and Insurance
Regulatory Commission and other competent departments, should suggest to the Na-
tional People’s Congress Standing Committee (NPCSC) to improve the legal nature
of carbon emission rights in the Civil Code, especially to further clarify the issue of
whether the carbon emission rights can be pledged, and report to the State Council for
deliberation and promulgation of regulations on the administration of carbon emission
rights pledge to regulate the carbon emission rights pledge financing activities. Second,
a mortgage registration and credit reporting system for environmental rights such as
carbon emission rights will be added to the national unified chattel financing registra-
tion system. Information sharing and interactive inquiry with the national carbon emis-
sion rights registration system, trading system and commercial banks through a unified
interface; Establish an environmental rights and interests mortgage registration system
that covers the contents of mortgage registrants, mortgage registration, information
verification, registration publicity, information inquiry, rights and responsibilities of
all parties, etc. Third, strengthen the rigid binding force of carbon emission rights and
increase the main responsibilities of local governments. The relevant person in charge
of the Ministry of Ecology and Environment has said that it will include the promotion
of Operation Dafeng into the central environmental protection inspector. It is suggest-
ed that the Ministry of Ecology and Environment, together with relevant departments,
should appropriately and tightly determine the carbon quota, define the road map for

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