MySheen

Carbon sequestration transaction gives farmers the first "ecological currency benefit" of forest management.

Published: 2024-11-24 Author: mysheen
Last Updated: 2024/11/24, On the morning of the 14th, Zhejiang Branch of China Construction Bank paid for the first batch of carbon sequestration reductions generated by forest management of 42 local farmers in Lin'an. This is the first order of carbon sequestration transaction for farmers' forest management, and it is also the currency for farmers to obtain forest ecological services for the first time after forest reform.

On the morning of the 14th, Zhejiang Branch of China Construction Bank paid for the first batch of carbon sequestration reductions generated by forest management of 42 local farmers in Lin'an. This is the first order of carbon sequestration transaction for farmers' forest management, and it is also the first time for farmers to obtain monetary benefits of forest ecological services after forest reform, which has greatly enhanced farmers' confidence in sustainable forest management.

Liu Yuhe, chairman of the China Green carbon sequestration Foundation, said at a press conference on the carbon sequestration trading system for farmers' forest management on the same day that forestry has the problem of long production cycle and difficult to yield in the short term. The "Lin'an model" of farmers' forest management carbon sequestration provides a useful reference for consolidating the achievements of forest reform, perfecting the national ecological benefit compensation mechanism and expanding China's forestry carbon sequestration trading market. This model builds a public welfare platform for enterprises to voluntarily reduce emissions, help poverty alleviation and benefit farmers. Enterprises not only purchase carbon sinks to achieve carbon neutralization, but also help forest farmers to achieve the value of ecological services.

It is understood that at present, the compensation standard of the central government for public welfare forests is 15 yuan per mu per year, and the standards of local financial subsidies vary from province to province. Take Zhejiang Province as an example, the minimum compensation standard for public welfare forests above the provincial level in Zhejiang Province in 2014 was 27 yuan per mu. Compared with the investment and benefits of forest management, the compensation standard of public welfare forest is still on the low side, so it is difficult to mobilize farmers' enthusiasm for sustainable forest management.

In 2010, the State Forestry Administration approved the establishment of the country's first "carbon sequestration forestry experimental zone" in Lin'an, Zhejiang Province, and the first batch of local farmers obtained the "forestry carbon sequestration certificate". According to Li Nuyun, secretary-general of the China Green carbon sequestration Foundation, all the farmers in Lin'an who participated in the transaction were registered with the China Green carbon sequestration Foundation and obtained a "carbon sequestration certificate". The emission reduction is measured and monitored by Zhejiang Agriculture and Forestry University, a measurement unit approved by the State Forestry Administration, and managed by the East China Forestry property right Exchange, the national pilot platform for forestry carbon sequestration trading. During the 20-year project inclusion period, 42 farmers are expected to generate a total of 22030 tons of carbon sequestration, which can reach 660900 yuan at the current transaction price of 30 yuan per ton.

"with the carbon sequestration trading certificate, I know that in addition to the income from bamboo and forest by-products, the bamboo forest I manage can also gain economic benefits by selling carbon sinks." Farmer representative Zhang Jianrong said.

On the same day, the first national farmers' forest management carbon sequestration trading system jointly studied and formulated by the China Green carbon sequestration Foundation and relevant units in Lin'an was released in Lin'an. Referring to the international rules of forest carbon sequestration, combined with the national conditions of our country, the characteristics of decentralized forest management of farmers after forest reform, and the domestic and foreign policies and practical experience of voluntary trading of carbon sequestration at present, the system is based on Lin'an peasant household forest management. it includes project design, examination, registration, issuance, transaction, supervision and so on.

China Green carbon sequestration Foundation, established in 2010, is the first national public offering fund aimed at increasing sinks and reducing emissions and dealing with climate change. Lin'an City is located in the northwest of Zhejiang Province, with a forest area of 3.91 million mu and a forest coverage rate of 76.55%. Up to now, the city has completed 15000 mu of carbon sequestration afforestation and 87000 mu of ecological public welfare forest.

 
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