Recently, Guizhou issued the province's first bamboo forest carbon ticket (Chishui Danqing carbon ticket) with a credit of 50 million yuan. The Danqing carbon ticket is based on the development of 100,000 mu of bamboo forest. Each mu can sequester 1.04 million tons of carbon, worth 50 million yuan. Based on the reform and innovation of green finance, carbon sink purchase and storage transactions realize carbon sinks that are “measurable, mortgageable, tradable, and cashable”. Under the background of carbon neutralization and carbon peaking, carbon sink trading may be an important economic factor for industrial development in the long run. lever.
From a formal point of view, carbon sink trading is simply that buyers buy carbon emission indicators from sellers, and it is an effective way to achieve forest ecological value compensation through market mechanisms. In terms of trading modes, there are mainly two types of forestry carbon sinks. After the CCER has been registered and issued by the National Development and Reform Commission, it will be traded on the carbon exchange registered by the National Development and Reform Commission and used for key emission units (emission control units) to perform the contract. Or relevant organizations carry out voluntary emission reductions such as carbon neutrality and carbon compensation, and fulfill social responsibilities. After the second type of project remarks registration, the project owner signs an order agreement with the buyer, pays a deposit or advance payment, and delivers the buyer's forestry carbon sink CCER after each emission reduction issued by the national competent authority.
What are the benefits of CCER specific to the market? First, it can offset the quota system or directly participate in carbon market transactions. Second, it can participate in green finance. Guizhou issues bamboo forest carbon tickets, and Zhejiang Anji will launch China’s first “two mountains” bamboo forest carbon collection and storage transaction on December 28, 2021. The center is all practical practice. Finally, I participated in the FATA emission reduction mechanism. In March last year, IATA incorporated CCER into the emission reduction mechanism, which can be used to offset the carbon emissions of new routes like CDM.
So what's the impact of setting foot in the domestic timber market? First of all, during the "14th Five-Year Plan" period, the State Forestry and Grassland Administration will focus on the nationally determined contribution target of increasing the forest stock volume by 6 billion cubic meters in 2030 compared with 2005. The forestry market tends to expand, and the demand for trading speculation may be boosted. . In addition, with the expansion of carbon trading volume, the domestic timber cutting volume may decrease, and the two may change in opposite directions, but at the same time, if the capacity increases more than the carbon trading quota under the stimulation of market demand, the two can also change in the same direction. But on the whole, carbon sink trading has a positive effect on the environment and wood savings.
In summary, forestry carbon sinks may become an important driver of economic market transactions under the background of "double carbon", and may have a positive effect on resource distortion and domestic log reserves in the same period.