Strategies of carbon sink forest based on emission reduction purchase agreement model of forestry carbon fund

WU Yiyang, XU Xiao, LU Lihua, JIANG Xinqiang, PENG Hongjun

Journal of Nanjing Forestry University (Natural Sciences Edition） ›› 2026, Vol. 50 ›› Issue (2) : 280-288.

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南京林业大学学报（自然科学版）
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Journal of Nanjing Forestry University (Natural Sciences Edition） ›› 2026, Vol. 50 ›› Issue (2) : 280-288. DOI: 10.12302/j.issn.1000-2006.202411020

Strategies of carbon sink forest based on emission reduction purchase agreement model of forestry carbon fund

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Abstract

【Objective】This study considers the financing of forestry farmers under financial constraints through forestry carbon sink funds, we examine the optimal decisions and profit outcomes of forestry farmers and the forestry carbon sink fund operators under the emission reduction purchase agreement model. The study aims to provide important an reference for incentivizing emission reduction behaviors of forestry farmers, improving the carbon market mechanism, and designing policies for forestry carbon funds.【Method】This study focuses on the forest farmers under the forestry carbon sink fund emission reduction purchase agreement model. By employing the mean-variance model and the Stackelberg game model, it investigates forest farmers’ strategies regarding the scale and quality of carbon sink forest management.【Result】Increased risk aversion of forestry farmers and greater randomness in carbon sink output reduce the scale and total output of carbon forests but lead to greater attention to carbon forest quality. However, the expected profits of both forestry farmers and fund operators decrease as a result. Higher carbon market prices expand the scale and total output of sink forests but cause forestry farmers to neglect carbon forest quality. In this case, the forestry carbon sink fund operators increase the carbon purchase price, and the expected profits of both parties rise with the increase in carbon market prices. Higher government subsidies encourage forestry farmers to expand the scale and total output of carbon sink forests but result in a decline in carbon forest quality. Consequently, fund operators lower the carbon purchase price, while the expected profits of both parties increase with higher subsidy standards.【Conclusion】The forestry carbon sink fund emission reduction purchase agreement model can, to a certain extent, alleviate the financial constraints of forest farmers and, under certain conditions, empower the expansion, quality improvement, carbon sequestration enhancement, and income increase of carbon sink forests.

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forestry carbon fund / emission reduction purchase agreement / forest quality / management strategy

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WU Yiyang , XU Xiao , LU Lihua , et al . Strategies of carbon sink forest based on emission reduction purchase agreement model of forestry carbon fund[J]. Journal of Nanjing Forestry University (Natural Sciences Edition）. 2026, 50(2): 280-288 https://doi.org/10.12302/j.issn.1000-2006.202411020

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