Xiamen's marine carbon sink trading is at the forefront of the country

At the beginning of the new year, the Xiamen Property Rights Trading Center (Xiamen Carbon and Emission Rights Trading Center) completed the trading of 20,000 tons of marine carbon sinks, and the blue carbon trading market in Fujian Province has achieved a "good start" in 2024.

According to the document requirements of the Fujian Provincial Party Committee and the Provincial Government to build a regional carbon and emission rights trading market with the Xiamen Carbon and Emission Rights Trading Center as the carrier, the Xiamen Property Rights Trading Center (Xiamen Carbon and Emission Rights Trading Center) has gradually built a "1+N" carbon trading factor market system with marine carbon sink trading as the leader and agricultural carbon sink trading, garbage classification carbon trading, and soil and water conservation carbon sink trading as the supplement.

As early as 2017, Xiamen Property Rights Exchange Center participated in the formulation of the carbon neutrality project plan of the BRICS Leaders' Meeting, took the lead in using mangrove marine carbon sinks to implement carbon neutrality in China, and helped promote the construction of 800,000 square meters of carbon neutrality demonstration forest in Xiatanwei.

Xiamen Property Rights Exchange Center cooperated with Industrial Bank to set up a "Blue Carbon Fund" and launched the country's first "carbon neutral air ticket", with a total of 50,000 people participating in the event, becoming a classic case of individual air green travel in China.

Xiamen Property Rights Exchange Center innovatively uses "big data + green finance" to carry out the certification of green financing enterprises and project libraries in Xiamen, and takes the lead in building a through train for the storage of marine industries in the country, with 275 green enterprises and projects in the warehouse, and 7 marine enterprises in the first batch.

The center also uses marine carbon sinks to help build a zero-carbon financial center and a blue zero-carbon residential community, build a new model of "marine carbon sink + civilization creation", and promote the integrated development of marine ecological civilization and community spiritual civilization.

The country's first marine carbon sequestration trading platform set up by Xiamen Property Rights Exchange Center has cooperated with courts and procuratorates in many places to extend the service radius of "ecological justice + blue carbon trading" from the courts and procuratorates in Xiazhangquan, Fuzhou, Putian and Ningde regions in the province to the courts and procuratorates in other parts of the country such as Inner Mongolia and Jiangsu, and has completed a total of 160,000 tons of blue carbon trading.

The effectiveness of marine carbon sequestration trading of Xiamen Property Rights Exchange Center has been fully affirmed by the website of the Central Commission for Discipline Inspection, the national experience promotion of the official official account of the Supreme People's Procuratorate, and the head office of the People's Bank of China and other national government departments.

The center has also set up the country's first agricultural carbon sink trading platform, successfully completed the "Fujian-Ningbo Cooperation" high-standard farmland, cow manure resource treatment and other agricultural carbon emission reduction transactions, and helped build an upgraded version of the "Fujian-Ningbo Cooperation" with agricultural carbon trading as the starting point, promoted the completion of the "Belt and Road" route carbon neutrality, created a new mechanism of "Belt and Road + Dual Carbon Strategy + Rural Revitalization", innovatively realized "BRICS + carbon trading", "BRICS + carbon neutrality" and "BRICS + green finance", and helped build the first batch of "zero-carbon Taiwan Youth Base" in the country It has issued the country's first carbon reduction certificate for Taiwan compatriots, completed the first domestic soil and water conservation carbon sink transaction, which has symbolic and demonstrative significance for promoting the high-quality development of soil and water conservation in the country, and completed the country's first garbage classification carbon transaction, creating a new model of promoting community waste classification through green trading.

In the next step, Xiamen Property Rights Trading Center will take the comprehensive reform as an opportunity to explore more Fujian experience and Xiamen model for the development of the national marine carbon sink trading market.