Legal Solutions for Empowering Common Prosperity with Blue Carbon Finance
Empowering common prosperity with blue carbon finance can improve the green and low-carbon productivity,promote the unification between inclusive benefits and low-carbon,and enable the people to share of the development achievements of the blue carbon finance.Blue carbon finance mainly provides benefits,stable benefits,and guarantee benefits to the people through the development of domestic carbon emission trading,international carbon trading and innovative derivatives,thereby empowering common prosperity.There are three challenges to the legal system of empowering common prosperity with blue carbon finance,namely,unclear regulations on the ownership of blue carbon resources;imperfect law for non-state subjects to participate in international transactions;and fragmented information disclosure systems for blue carbon financial derivatives.The legal solutions to these challenges are to clarify the legal attributes and subjects of blue carbon resources through judicial interpretation,provide institutional guarantees,domestically and internationally,for non-state subjects participating in international transactions,and systematically improve the information disclosure system for blue carbon financial derivatives.
blue carboncarbon financecommon prosperitylaw and economics