Saihanba Forest Farm completes its first carbon trading

Recently, Saihanba Forest Farm has made its first afforestation carbon trading with Beijing Lannuoshiji Technology Co., Ltd. on China Beijing Environment Exchange. The transaction marks the marketization of Saihanba’s forestry products, which benefits both the forest ecology and the economy.

Recently, Saihanba Forest Farm has made its first afforestation carbon trading with Beijing Lannuoshiji Technology Co., Ltd. on China Beijing Environment Exchange. The transaction marks the marketization of Saihanba’s forestry products, which benefits both the forest ecology and the economy.

The first forestry carbon project in Saihanba Forest Farm has a crediting period of 30 years, during which it is expected to reduce more than 4.7 million tons of carbon emissions. According to the market price, the carbon sink projects in afforestation and forest management can bring Saihanba more than 100 million yuan.

In August 2016, the first batch of CCERs of the Saihanba Forestry Carbon Sink Project was issued by the National Development and Reform Commission, which is the first in North China that was successfully registered and published by the NDRC. Besides, the project has the most considerable carbon reduction granted for a voluntary forestry carbon sink project.

Source: Xinhua Finance

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/05/saihanba-forest-farm-completes-its-first-carbon-trading/.

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