JHASS
Obstacles Faced by Blue Carbon Market Transactions and Legal Solutions
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Abstract
In October 2021, the 26th Conference of the Parties to the United Nations Framework Convention on Climate Change further strengthened the concept of global carbon neutrality. In order to actively fulfill its international responsibility for global climate governance, China has put forward the goal vision of "striving to achieve carbon peak before 2030 and carbon neutrality before 2060". This is not only an important guide for domestic sustainable development, but also reflects its determination to assume international responsibility. In this context, blue carbon trading, as an emerging climate governance tool, plays an important role in promoting the achievement of global and national carbon neutrality goals. At present, China's blue carbon market is in its early stages, and various systems are not yet sound. At the same time, some problems need to be solved urgently in the trading process, such as unclear legal attributes of blue carbon sinks, unclear ownership of rights, difficulty in implementing ecological service payment systems, and imperfect supervision of blue carbon trading. It is necessary to promote specialized legislation related to blue carbon to clarify and regulate it, as well as introduce ecological compensation for blue carbon sinks.
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How to cite this paper
Obstacles Faced by Blue Carbon Market Transactions and Legal Solutions
How to cite this paper: Wenjie Zhou. (2024) Obstacles Faced by Blue Carbon Market Transactions and Legal Solutions. Journal of Humanities, Arts and Social Science, 8(6), 1465-1469.
DOI: http://dx.doi.org/10.26855/jhass.2024.06.028
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