An Approach to Blue Carbon Trading in Shanghai Region under the Background of Carbon Peaking and Carbon Neutrality
The current status of domestic blue carbon sink trading was reviewed,existent issues in the recent dealing were analysed,and the mechanism and road to realise the value of blue carbon sink in Shanghai was discussed from the perspective of its trading.It has been found that:(1)as the domestic blue carbon trading is still in its infancy now,there are several issues in the present trading such as relatively limited ecosystem impact assessment of projects,no unified certification system available,not yet completed market mechanism,and etc.;(2)as there are huge potentials in the blue carbon trading in Shanghai,it could be brought into the Chinese Certified Emission Reduction(CCER)system,adopting a type of auction,and incorporated into a carbon inclusive system;(3)among those three possible blue carbon trading paths,incorporating the trading into the Shanghai Carbon Inclusive System could be the most feasible way owing to the availabilities of relatively mature laws,regulations and management system for the carbon inclusive system,a wide range of participating entities,and a complete regulatory mechanism.
Blue carbon tradingCarbon sink valueCarbon inclusiveness
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