Can ocean carbon sink trading achieve economic and environmental benefits? Simulation based on DICE-DSGE model

Wei, Zhenhao; Jiang, Xuemei; Zhao, Zhibo; Xu, Wenduo; Guo, Lingyi; Zheng, Qiguang

doi:10.1007/s11356-023-27435-x

Cited by 6 publications

(2 citation statements)

References 79 publications

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“…Marine carbon sink projects are one of the main forms of marine carbon sink development. Most of the developed marine carbon sink projects are fishery carbon sink projects and mangrove carbon sink projects (Zhang et al, 2020;He et al, 2023b), and by using the market mechanism to transform the ecological benefits of marine carbon sink into economic benefits, we can give full play to the positive role of marine ecosystems in coping with climate change (Yang et al, 2021;Wei et al, 2023).…”

Section: Introductionmentioning

confidence: 99%

Research on subject behavior choice of marine carbon sink projects under risk conditions

He,

Wang

2024

Front. Mar. Sci.

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Marine carbon sink projects are important carriers for the development and utilization of marine carbon sink resources. The risk factors existing in the development process of marine carbon sink projects will significantly affect the behavior of the project subject, and then affect whether or not the project development can be conducted smoothly. Based on the evolutionary game method, this paper analyzes the behavior choice of each project subject under the risk condition, and explores the influencing factors that promote the change of its action probability. The results show the following: (1) Government subsidies can promote the development of marine carbon sink projects, but when the subsidies are too large, the government’s willingness decreases, which may lead to significant changes in the decisions of relevant practitioners. (2) The government pays more attention to image improvement, is not sensitive to risks, and always chooses active subsidies. In the case that the risk poses a great threat to the project, the behavior strategies of the relevant practitioners and investors will influence each other, and both sides will determine the behavior strategies that can obtain more returns according to the other side’s behavior decision. (3) The behavior of relevant practitioners and investors has an impact on the strategy of the demander. When the risk increases, the former has a greater impact on the demander’s choice not to buy marine carbon sink. Relevant policy suggestions are put forward: (1) the government should flexibly adjust the subsidy mechanism; (2) the government should enhance the influence and popularity of marine carbon sink projects; and (3) the government should reduce the risks faced by the practitioners.

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Section: Introductionmentioning

confidence: 99%

Research on subject behavior choice of marine carbon sink projects under risk conditions

He,

Wang

2024

Front. Mar. Sci.

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“…Fifthly, research on the theoretical basis of the ocean carbon sink market and the mechanism of ocean carbon sink trading (Wei et al, 2023) Research has shown that to achieve the capitalization process of marine carbon sink resources, four processes must be gone through. One is the process of association, which converts marine carbon sink resources into marine carbon sink assets through property rights confirmation.…”

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confidence: 99%

Policy suggestions for tapping the potential of ocean carbon sinks in the context of “double carbon” goals in China

Wei,

Wang

2024

Front. Mar. Sci.

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China is rich in marine resources and has excellent potential for the development of oceanic carbon sinks. Ocean carbon sinks have shown broad application prospects, but the technical system for trading has not yet been perfected, the relevant legislation has not yet been established, etc. China should actively promote scientific research on ocean carbon sinks, improve the technical system of ocean carbon sinks, establish an ocean carbon sink trading system, and develop the eco-economy of ocean carbon sinks. It should also establish a sound system of laws and regulations to explore the potential of oceanic carbon sinks and contribute to the realization of China’s dual-carbon goal.

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Heading towards carbon neutrality: how do marine carbon sinks serve as important handle for promoting marine ecological civilization construction?

Chen,

Di,

Liang

2024

Environ Sci Pollut Res

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As an efficient long-term carbon sink, the mechanism of marine carbon sink, carbon sink effect, carbon sink technology, carbon sink accounting and carbon sink trading market construction are becoming new topics that need to be explored in various disciplines. Based on the research literature related to marine blue carbon sink in the core databases of China National Knowledge Internet (CNKI) and Web of Science (WOS), we use bibliometric tools to quantitatively compare and analyze the main characteristics of domestic and foreign marine blue carbon sink research such as publication volume, time, journals, authors and institutions; explore the research hotspots, stage frontier areas and theme evolution trends through keyword clustering, emergent and co-occurring knowledge maps. Finally, the key research directions of marine carbon sinks are prospected, we should take multidisciplinary interdisciplinary research as the leader to promote the unified carbon sink market research of land and sea integration; take comprehensive ecological compensation mechanism of marine carbon sink protection, marine carbon sink related theory and technological innovation research as the guide to continue to explore the application mode of marine carbon sinks In order to explore the blue carbon cooperation mechanism of the countries along the Maritime Silk Road. In order to sort out the current situation of marine carbon sink research at home and abroad, promote the research in this field to a deeper level of scientific and rational development, and provide reference and reference for subsequent scholars to carry out related research.

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Can ocean carbon sink trading achieve economic and environmental benefits? Simulation based on DICE-DSGE model

Cited by 6 publications

References 79 publications

Research on subject behavior choice of marine carbon sink projects under risk conditions

Research on subject behavior choice of marine carbon sink projects under risk conditions

Policy suggestions for tapping the potential of ocean carbon sinks in the context of “double carbon” goals in China

Heading towards carbon neutrality: how do marine carbon sinks serve as important handle for promoting marine ecological civilization construction?

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