IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2024i13p5673-d1428091.html
   My bibliography  Save this article

Institutional Obstacles and Countermeasures to Improve the Chinese Ocean Carbon Sink Trading Market

Author

Listed:
  • Xiaozhe Hu

    (School of Law, Dalian Maritime University, Dalian 116026, China)

  • Hongjun Shan

    (School of Law, Dalian Maritime University, Dalian 116026, China)

  • Qiqi Zhang

    (College of Transportation Engineering, Dalian Maritime University, Dalian 116026, China)

Abstract

Global climate change is a great challenge shared by human society today. All countries are actively carrying out carbon emissions trading to cope with increasingly serious environmental problems. Ocean carbon sink trading is an important part of the carbon emissions trading market and has become a new academic hot spot. It is urgent to construct an ocean carbon sink trading mechanism that meets China’s national conditions. The goal of this study is to determine how to improve China’s ocean carbon sink trading market using research methods such as normative analysis, comparative analysis, and case studies. The study shows that there are outstanding problems, such as unclear property rights and imperfect relevant laws and regulations, in the Chinese ocean carbon sink trading market. In order to solve these problems, the property rights of ocean carbon sinks should be clarified, relevant laws related to ocean carbon sinks and the trading market should be improved, and construction of a financial system for ocean carbon sinks should be further developed. At the same time, it is necessary to strengthen the supervision of ocean carbon sink trading and encourage the public to actively participate. According to the results of the study, there is a long way to go towards improving China’s ocean carbon sink trading market, requiring the joint efforts of the government, market, society, and public in making greater contributions in the response to global climate change.

Suggested Citation

  • Xiaozhe Hu & Hongjun Shan & Qiqi Zhang, 2024. "Institutional Obstacles and Countermeasures to Improve the Chinese Ocean Carbon Sink Trading Market," Sustainability, MDPI, vol. 16(13), pages 1-31, July.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:13:p:5673-:d:1428091
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/13/5673/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/16/13/5673/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Thomas, Sebastian, 2014. "Blue carbon: Knowledge gaps, critical issues, and novel approaches," Ecological Economics, Elsevier, vol. 107(C), pages 22-38.
    2. Jinkai Yu & Yan Wang, 2023. "Evolution of blue carbon management policies in China: review, performance and prospects," Climate Policy, Taylor & Francis Journals, vol. 23(2), pages 254-267, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shufen Pang & Mazlinawati Abdul Majid & Hadinnapola Appuhamilage Chintha Crishanthi Perera & Mohammad Saydul Islam Sarkar & Jia Ning & Weikang Zhai & Ran Guo & Yuncheng Deng & Haiwen Zhang, 2024. "A Systematic Review and Global Trends on Blue Carbon and Sustainable Development: A Bibliometric Study from 2012 to 2023," Sustainability, MDPI, vol. 16(6), pages 1-31, March.
    2. Marianna Cavallo & Alicia Bugeja Said & José A Pérez Agúndez, 2023. "Who Is in and Who Is out in Ocean Economies Development?," Post-Print hal-04044150, HAL.
    3. Jo o Estev o, 2021. "Toward the Paris Agreement Implementation Impact on Electricity Sector: The Emerging Reality," International Journal of Energy Economics and Policy, Econjournals, vol. 11(1), pages 1-8.
    4. Changping Zhao & Xiaojiang Xu & Yu Gong & Houming Fan & Haojia Chen, 2019. "Blue Carbon Cooperation in the Maritime Silk Road with Network Game Model and Simulation," Sustainability, MDPI, vol. 11(10), pages 1-27, May.
    5. Cuicui Feng & Guanqiong Ye & Jiangning Zeng & Jian Zeng & Qutu Jiang & Liuyue He & Yaowen Zhang & Zhenci Xu, 2023. "Sustainably developing global blue carbon for climate change mitigation and economic benefits through international cooperation," Nature Communications, Nature, vol. 14(1), pages 1-10, December.
    6. Xin-Wei Li & Hong-Zhi Miao, 2022. "How to Incorporate Blue Carbon into the China Certified Emission Reductions Scheme: Legal and Policy Perspectives," Sustainability, MDPI, vol. 14(17), pages 1-15, August.
    7. Mauerhofer, Volker, 2019. "An introduction and overview on law, politics and governance: Institutions, organizations and procedures for Ecological Economics," Ecological Economics, Elsevier, vol. 165(C), pages 1-1.
    8. Carè, R. & Weber, O., 2023. "How much finance is in climate finance? A bibliometric review, critiques, and future research directions," Research in International Business and Finance, Elsevier, vol. 64(C).
    9. Marianna Cavallo & Alicia Bugeja Said & José A. Pérez Agúndez, 2023. "Who Is in and Who Is out in Ocean Economies Development?," Sustainability, MDPI, vol. 15(4), pages 1-17, February.
    10. Thompson, Benjamin S. & Primavera, Jurgenne H. & Friess, Daniel A., 2017. "Governance and implementation challenges for mangrove forest Payments for Ecosystem Services (PES): Empirical evidence from the Philippines," Ecosystem Services, Elsevier, vol. 23(C), pages 146-155.
    11. Jakovac, Catarina C. & Latawiec, Agnieszka Ewa & Lacerda, Eduardo & Leite Lucas, Isabella & Korys, Katarzyna Anna & Iribarrem, Alvaro & Malaguti, Gustavo Abreu & Turner, R. Kerry & Luisetti, Tiziana &, 2020. "Costs and Carbon Benefits of Mangrove Conservation and Restoration: A Global Analysis," Ecological Economics, Elsevier, vol. 176(C).
    12. Abdul Aziz, Ammar & Dargusch, Paul & Phinn, Stuart & Ward, Adrian, 2015. "Using REDD+ to balance timber production with conservation objectives in a mangrove forest in Malaysia," Ecological Economics, Elsevier, vol. 120(C), pages 108-116.
    13. Miren Gutiérrez & Guillermo Gutiérrez, 2019. "Climate Finance: Perspectives on Climate Finance from the Bottom Up," Development, Palgrave Macmillan;Society for International Deveopment, vol. 62(1), pages 136-146, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:16:y:2024:i:13:p:5673-:d:1428091. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.