A review of the value realization path of forestry carbon sink products

PENG Hongjun, XU Xiao, YU Xiaoping

JOURNAL OF NANJING FORESTRY UNIVERSITY ›› 2022, Vol. 46 ›› Issue (6) : 177-186.

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JOURNAL OF NANJING FORESTRY UNIVERSITY ›› 2022, Vol. 46 ›› Issue (6) : 177-186. DOI: 10.12302/j.issn.1000-2006.202207023

A review of the value realization path of forestry carbon sink products

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Abstract

Analyzing the value realization path of forestry carbon sink products can help realize the integration and win-win of ecological benefits, economic benefits and social benefits of forestry carbon sinks. Through the literature review and case inductive analysis, the related concepts of forestry carbon sink products were introduced, the value realization path of forestry carbon sink products was summarized, and the shortcomings of its development were explored. Finally, based on the current situation of academic research and practice development in China, we provide suggestions for future theoretical research and mechanism design. The authors defines the concept of forestry carbon sink finance, and believes that the value realization path of forestry carbon sink products can be summarized as the government ecological compensation path, the forestry carbon sink financial path and forestry carbon sink industrialization paths. These three paths are helpful to realize the value of forestry carbon sink products. However, the current lack of sustainable government ecological compensation in various countries, the urgent need to improve forestry carbon sink trading rules, weak willingness of financial institutions to participate in forestry carbon sink finance, and slow industrialization of forestry carbon sinks restrict the realization of the value of forestry carbon sink products. To improve the forestry carbon sink ecological compensation system, we suggest promoting the incorporation of forestry carbon sink products into the national unified carbon market, strengthening the theoretical and practical research on the forestry carbon sink financial path, improving the forestry carbon sink industry as the core industrial support policy, and strengthening the construction of the guarantee mechanism for the value of forestry carbon sink products, etc. These aspects will promote the realization of the value of China’s forestry carbon sink.

Key words

forestry carbon sink / ecological product / carbon sink finance / ecological compensation

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PENG Hongjun , XU Xiao , YU Xiaoping. A review of the value realization path of forestry carbon sink products[J]. JOURNAL OF NANJING FORESTRY UNIVERSITY. 2022, 46(6): 177-186 https://doi.org/10.12302/j.issn.1000-2006.202207023

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