March 2019 – Against the backdrop of current trends in China’s forestry policy and the various approaches taken to integrate forest management into market mechanisms, the AHK Greater China Beijing invited industry representatives and thematic experts to a network meeting on 18 December 2018. At the meeting, which was organised as part of the Climate Markets Cooperation Project funded by the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU), two specially selected experts gave insights into current trends and the challenges faced in forest conservation in China.
The network meeting began with a presentation by Dr. He Youjun, a Professor at the Chinese Academy of Forestry. In addition to traditional forest management activities, He stressed the growing importance of market mechanisms in exploiting the climate change potential of forests. Up to now, forest management has not been taken into account under the allowance mechanism used in the Chinese ETS and has instead been integrated into several pilot projects in the form of offset activities. He cited promoting trade in CCERs from forest management projects and integration of the forestry sector into the national ETS as one of the most important development tasks facing China right now.
The second expert, Meng Bingzhan from SinoCarbon Innovation & Investment, analysed current trends involving market mechanisms in relation to forest management to mitigate climate change in China. Meng came to the conclusion that promoting forests as carbon sinks is a key factor in China’s environmental security. This makes it all the more important that such projects be integrated into the Chinese ETS without further delay.
A detailed report on the networking meeting is contained in the March issue of Econet Monitor, a magazine published by AHK Greater China in Beijing. The article can be downloaded here.
Note: The publication is available only in German.