Credit Analysis of Carbon Sink Ecological Compensation in P.R.C from the Perspective of Coase Theorem: An Empirical Analysis Based on Carbon Sink Financial Projects in X Village of Guangdong and Y Village of Zhejiang
Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v3i5.1028
Abstract
The deterioration of the global environment and climate makes it historically important to achieve carbon peaking and carbon neutrality and plays an important role in promoting environmental protection. Among them, forestry carbon sink resources occupied an important role in China Certified Emission Reduction (CCER). While the development of carbon trading in China is still in its initial stage, the government is piloting it in some areas first, accumulating experience and gradually promoting it. This research analyzes the economic operation mechanism of the current carbon trading project such as the Green Carbon Credits, the management structure of CCER: How CCER can reduce the cost of emission reduction for enterprises and increase the flow of social wealth, how to make the development of forestry carbon sinks more widespread, and the potential directions for future development: how to make CCERs more widely available.
Keywords
Carbon Neutrality, Carbon Sink, Coase Theorem, Payments for Ecological Services (PES), China Certified Emission Reductions (CCER)
Full Text
PDF - Viewed/Downloaded: 5 TimesIndexation
Download Index RecordReferences
References
[1]Aguilar-Gómez, C. R., Arteaga-Reyes, T. T., Gómez-Demetrio, W., Ávila-Akerberg, V. D., & Pérez-Campuzano, E. (2020). Differentiated payments for environmental services: A review of the literature. Ecosystem Services, 44, 101131. 10.1016/j.ecoser.2020.101131
[2]Autor, D. (2000). Externalities, the Coase Theorem and Market Remedies. (). Cambridge, Mass: National Bureau of Economic Research. 10.3386/w7959 http://www.nber.org/papers/w7959
[3]Beckerman, W. (1992). Economic growth and the environment: Whose growth? Whose environment? World Development, 20(4), 481-496. 10.1016/0305-750X(92)90038-W
[4]Coase, R. H. (2013). The Problem of Social Cost. The Journal of Law and Economics, 56(4), 837-877. 10.1086/674872
[5]Coase, R. H. (1937). The nature of the firm. Economica (London) (pp. 386-405)10.1111/j.1468-0335.1937.tb00002.x
[6]Engel, S., Pagiola, S., & Wunder, S. (2008). Designing payments for environmental services in theory and practice: An overview of the issues. Ecological Economics, 65(4), 663-674. 10.1016/j.ecolecon.2008.03.011
[7]Felder, J. (2001). Coase Theorems 1-2-3. The American Economist, 45(1), 54-61. http://www.jstor.org.ezproxy.bu.edu/stable/25604214
[8]Hejnowicz, A. P., Raffaelli, D. G., Rudd, M. A., & White, P. C. L. (2014). Evaluating the outcomes of payments for ecosystem services programmes using a capital asset framework. Ecosystem Services, 9, 83-97. 10.1016/j.ecoser.2014.05.001
[9]Hou Liqiang. (2021, Sep 14,). Transfer payments compensate areas within ecological red lines. China Daily https://search.proquest.com/docview/2572044095
[10]Kochin, L. A., & Barzel, Y. (1992). Ronald Coase on the Nature of Social Cost as a Key to the Problem of the Firm. The Scandinavian Journal of Economics, 94(1), 19-31. 10.2307/3440465
[11]Lai, L. W., & Lorne, F. (2006). The Coase Theorem and Planning for Sustainable Development. Town Planning Review, 77(1), 41-73. 10.3828/tpr.77.1.4
[12]Wu Jian; Ma Zhong. (2004). The theoretical contribution of Coase Theorem to emission trading policy. Journal of Xiamen University (Philosophy and Social Sciences), 21-25.
[13]Wu Hao. (2016). Property right system and Environment: Extension of "Coase Theorem". Ecological economy. Ecological economy, 32(5), 25-33.
[14]Tang jijun. (2012). Coase Theorem and Sustainable development of low carbon economy. Social science research, (06; 06), 6-10.
[15]Chen Ting. (2013). The Debate between Market Environmentalism and non-market Environmentalism in Ecological Compensation — Based on the questioning of Coase Theorem. Finance research, (11; 11), 10-12.
[16]Han Yaqing; Su Shipeng; Wei Yuanzhu. (2017). The influence of interpersonal and institutional trust on forest farmers' willingness to participate in carbon sequestration projects: a survey of 344 foresters in Fujian Province. Journal of Hunan Agricultural University (Social Science Edition), 18(4), 64-70.
[1]Aguilar-Gómez, C. R., Arteaga-Reyes, T. T., Gómez-Demetrio, W., Ávila-Akerberg, V. D., & Pérez-Campuzano, E. (2020). Differentiated payments for environmental services: A review of the literature. Ecosystem Services, 44, 101131. 10.1016/j.ecoser.2020.101131
[2]Autor, D. (2000). Externalities, the Coase Theorem and Market Remedies. (). Cambridge, Mass: National Bureau of Economic Research. 10.3386/w7959 http://www.nber.org/papers/w7959
[3]Beckerman, W. (1992). Economic growth and the environment: Whose growth? Whose environment? World Development, 20(4), 481-496. 10.1016/0305-750X(92)90038-W
[4]Coase, R. H. (2013). The Problem of Social Cost. The Journal of Law and Economics, 56(4), 837-877. 10.1086/674872
[5]Coase, R. H. (1937). The nature of the firm. Economica (London) (pp. 386-405)10.1111/j.1468-0335.1937.tb00002.x
[6]Engel, S., Pagiola, S., & Wunder, S. (2008). Designing payments for environmental services in theory and practice: An overview of the issues. Ecological Economics, 65(4), 663-674. 10.1016/j.ecolecon.2008.03.011
[7]Felder, J. (2001). Coase Theorems 1-2-3. The American Economist, 45(1), 54-61. http://www.jstor.org.ezproxy.bu.edu/stable/25604214
[8]Hejnowicz, A. P., Raffaelli, D. G., Rudd, M. A., & White, P. C. L. (2014). Evaluating the outcomes of payments for ecosystem services programmes using a capital asset framework. Ecosystem Services, 9, 83-97. 10.1016/j.ecoser.2014.05.001
[9]Hou Liqiang. (2021, Sep 14,). Transfer payments compensate areas within ecological red lines. China Daily https://search.proquest.com/docview/2572044095
[10]Kochin, L. A., & Barzel, Y. (1992). Ronald Coase on the Nature of Social Cost as a Key to the Problem of the Firm. The Scandinavian Journal of Economics, 94(1), 19-31. 10.2307/3440465
[11]Lai, L. W., & Lorne, F. (2006). The Coase Theorem and Planning for Sustainable Development. Town Planning Review, 77(1), 41-73. 10.3828/tpr.77.1.4
[12]Wu Jian; Ma Zhong. (2004). The theoretical contribution of Coase Theorem to emission trading policy. Journal of Xiamen University (Philosophy and Social Sciences), 21-25.
[13]Wu Hao. (2016). Property right system and Environment: Extension of "Coase Theorem". Ecological economy. Ecological economy, 32(5), 25-33.
[14]Tang jijun. (2012). Coase Theorem and Sustainable development of low carbon economy. Social science research, (06; 06), 6-10.
[15]Chen Ting. (2013). The Debate between Market Environmentalism and non-market Environmentalism in Ecological Compensation — Based on the questioning of Coase Theorem. Finance research, (11; 11), 10-12.
[16]Han Yaqing; Su Shipeng; Wei Yuanzhu. (2017). The influence of interpersonal and institutional trust on forest farmers' willingness to participate in carbon sequestration projects: a survey of 344 foresters in Fujian Province. Journal of Hunan Agricultural University (Social Science Edition), 18(4), 64-70.
Copyright © 2022 Jian Liu
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License