October 2020 – As the implementing organization of the Carbon Market Cooperation Project supported by the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety, AHK Greater China Beijing invited over 30 representatives from governmental organizations, enterprises, and further stakeholders related to environmental technologies and carbon markets to a Networking Meeting on September 2 to discuss recent developments, challenges and opportunities in the field of Nature-Based Solutions (NBS) in China.
At the meeting, Dr. Chai Qimin from NCSC presented the latest information on the developments, policies and implications for NBS in China, with focus on forests and other land-based ecosystems. He accentuated NBS’ underlying approach of gaining a better systemic understanding of the harmonious co-existence between humans and nature to mitigate and adapt to climate change. This was followed by Mr. Zhang Xiaoquan of TNC, who gave an overview of the current status quo of NBS in the carbon market. By presenting a variety of different statistics and quantifications of land-based NBS projects in China, Dr. Zhang outlined a rather subdued picture due to the still rather limited number of concrete projects under the Clean Development Mechanism (CDM), the Verified Carbon Standard (VCS) and other standards.
A detailed report on the networking meeting is contained in the September issue of Econet Monitor, a magazine published by AHK Greater China in Beijing.