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

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.