Research progress and questions of forestry CCER in dual-associated markets
Enhancing the carbon sequestration capacity of ecosystems and establishing a sound carbon emissions trading system are crucial measures for China to actively and steadily promote"carbon peaking and carbon neutrality".The voluntary Chinese Certified E-mission Reduction(forestry CCER)facilitates the trade of carbon sequestration credits on the market,thereby providing a carbon se-questration credits as a nature-based solution for emission reduction.This approach helps to fully utilize the overall carbon sequestra-tion and emission reduction functions of natural ecosystems.However,as a major contributor to forestry carbon sinks,China has not yet established a unified national carbon trading market that includes the forestry industry.This study takes the perspective of the dual-as-sociated markets of forestry CCER project operation development and offsetting mandatory CEA.Firstly,focusing on the carbon sink in-crement market of forest management,it reviews research related to the forestry CCER projects and the joint production of timber and forestry CCER.Secondly,in the stock trading market for offsetting CEA,it outlines research on the trading mechanisms,price forma-tion mechanisms,and price association mechanisms between forestry CCER and CEA.Further research is warranted on the vertical price transmission mechanism of input-output market factors of forestry CCER projects,the pricing mechanism of forestry carbon sinks,and the price transmission mechanism between forestry CCER and CEA.This aims to provide recommendations for improving forestry CCER operation and development,streamlining the offsetting process of CEA,fostering effective connection between forestry CCER and CEA markets,and accelerating the integration of forestry CCER into carbon trading.