Credit Analysis of Carbon Sink Ecological Compensation in P.R.C from the Perspective of Coase Theorem: An Empirical Analysis Based on Carbon Sink Financial Projects in X Village of Guangdong and Y Village of Zhejiang

Abstract

The deterioration of the global environment and climate makes it historically important to achieve carbon peaking and carbon neutrality and plays an important role in promoting environmental protection. Among them, forestry carbon sink resources occupied an important role in China Certified Emission Reduction (CCER). While the development of carbon trading in China is still in its initial stage, the government is piloting it in some areas first, accumulating experience and gradually promoting it. This research analyzes the economic operation mechanism of the current carbon trading project such as the Green Carbon Credits, the management structure of CCER: How CCER can reduce the cost of emission reduction for enterprises and increase the flow of social wealth, how to make the development of forestry carbon sinks more widespread, and the potential directions for future development: how to make CCERs more widely available.