Ningbo establishes blue carbon accounts to mediate maritime litigation and issues work guidelines

Recently, multiple departments in Xiangshan County, Ningbo City, Zhejiang Province jointly issued the "Work Guidelines on the Application of the" Blue Carbon "Compensation Mechanism in Ecological Restoration in Ecological Environment Cases (Trial)" to standardize the work process and division of labor of various departments, clarify the scope of application and preconditions for subscription of "blue carbon" cases, and specify that the "blue carbon" compensation mechanism can be applied to various types of direct or indirect damage to marine ecological and environmental resources.

On the same day, the Ningbo Maritime Court used the purchase of "blue carbon"+ ecological restoration compensation method to successfully mediate a marine ecological environment public interest lawsuit, and completed the first closed loop on the province's first "Marine Ecological Public Interest Litigation Ecological Product Account" newly established on the same day."Blue Carbon" trading business.

It is understood that Xiangshan County, Ningbo City, has blue carbon resources such as salt marshes, muddy smooth flats, and shellfish algae fishery carbon sinks, and has unique natural conditions for developing a blue carbon economy. In order to maximize the protection of damaged marine ecological resources and environment, in March this year, Xiangshan County released the country's first cross-provincial blue carbon ecological carbon account. 422.5 tons of blue carbon ecological value products subscribed by a company were deposited into the Xiangshan County blue carbon ecological carbon account, realizing the first "blue carbon + property rights + judicial" transaction in Zhejiang Province.

From case exploration to use "blue carbon" transactions to perform alternative ecological restoration functions to continuous successful subscriptions of "blue carbon" ecological value products, to the promulgation of the "Work Guidelines", Ningbo has continuously broadened the channels for "blue carbon" ecological value transformation, Injecting impetus for sustainable development into the protection of the marine ecological environment and the development of blue carbon resources.

In the next step, Ningbo will continue to improve the detailed rules for carbon sink assessment and trading, continue to expand the application channels of work guidelines, effectively use the proceeds of "blue carbon" products for ecological restoration, help the country achieve the "double carbon" strategic goal, and promote the "two mountains" Transformation of green and common prosperity two-way positive interaction.