Current location:sport >>
Pilot carbon sink trading yields profit, eco benefits in rural China
sport9749People have gathered around
Introduction(Xinhua) 16:38, January 26, 2024XIAMEN, Jan. 26 (Xinhua) -- There was considerable excitement among ...
XIAMEN, Jan. 26 (Xinhua) -- There was considerable excitement among the locals when Junying Village of the city of Xiamen, east China's Fujian Province, raked in over 14,000 yuan (about 2,000 U.S. dollars) in exchange for the two-year carbon sink production of its tea gardens.
"It is an astounding fact beyond our imagination that our tea gardens can also make money by selling their 'fresh air,'" said Gao Quanwei, Party chief of the village.
The 66-year-old village cadre admits that at first it was tough for him to explain to villagers exactly what the unfamiliar and novel concept of "carbon sink" meant. "Though the profit produced by selling 'air' is not that huge, this pioneering practice does allow rural residents to think out of the box and open up a new development path for the traditional agriculture sector."
On May 5, 2022, the municipal property rights exchange center of Xiamen put China's first agricultural carbon sink trading platform into operation and issued the country's first pair of agricultural carbon offset tickets to two villages in Tong'an District -- one to Junying Village and the other to the neighboring Baijiaoci Village.
Xiamen-headquartered Yinlu Group, a leading food company in China's canning and beverage industry, bought the agricultural carbon sink generated by the two villages, which meant buying extra carbon emission quotas to achieve ultimate carbon neutrality.
Agricultural carbon sink is related to the process or mechanism of reducing greenhouse gas emissions through absorbing carbon dioxide in the atmosphere with the help of agricultural cultivation, vegetation restoration and other measures.
As its name implies, an agricultural carbon ticket refers to a type of voucher through which third-party agencies can monitor and evaluate the crops owned by the ticket holder and compile a report based on these monitoring and evaluation efforts. The ticket reflects the report and is used to confirm the total amount of carbon sink generated by the agriculture sector within a designated area.
Junying Village alone boasts more than 6,500 mu (about 433 hectares) of tea gardens. Of these, the 5,715 mu of tea gardens located within the village have been approved by the official carbon sink certification system.
Based on the total annual carbon dioxide consumption capacity of the tea gardens, their carbon sinks in 2020 and 2021 hit nearly 2,500 tonnes. After evaluation, the municipal property rights exchange center finally traded the carbon sinks at the price of 6 yuan per tonne.
Junying Village will use these funds for the short-term management and maintenance of tea garden equipment. Another 1,000 tonnes of the village's agricultural carbon sink will be transferred to the center at the price of 15 yuan per tonne, which means a total ecological income of 15,000 yuan for local villagers.
Li Peigong, a professor from Shanghai Lixin University of Accounting and Finance, hailed the success of these transactions involving the carbon sinks of tea gardens of Xiamen and said they are indicative of the new economic potentials of China's rural revitalization.
It proves that "green is the new gold," or in other words -- ecological benefits can be made tangible for locals economically through agricultural carbon sink trading, Li explained.
In addition, by encouraging farmers to increase local carbon sink levels to secure a better ecosystem, not only their income is boosted and common prosperity promoted, but the climate resilience of the local agricultural systems is also strengthened, which further helps reduce environmental pollution, the professor added.
Junying and Baijiaoci, which both belong to Lianhua Town in Tong'an District of Xiamen, together form "the mountainous area of Xiamen Special Economic Zone." Each has an average elevation of about 1,000 meters and both have been developing tea planting as their backbone industry over the years, while these villages have also become popular destinations for eco-tourism lovers, especially urbanites.
Huang Xi, deputy general manager of Xiamen Property Rights Exchange Center, said Lianhua Town was chosen to play the role of the center's agricultural carbon sink pilot zone thanks to its abundant tea garden resources.
The center also plans to tap into its green finance service platform to continuously expand the application scenarios of green finance in rural areas, Huang added.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Site news portal”。http://turkey.downmusic.org/article-87c599835.html
Related articles
Shocking moment Pennsylvania man pulls a gun on pastor in front of horrified congregation
sportA church service in Pennsylvania nearly took a fatal turn this week when a man pulled a gun on a pas ...
【sport】
Read moreStephen A. Smith hits back at ex
sportESPN host Stephen A. Smith has responded to criticism by former Red Sox pitcher Jonathan Papelbon - ...
【sport】
Read moreBernard Hill, of 'Titanic' and 'Lord of the Rings,' dies at 79
sportLONDON (AP) — Actor Bernard Hill, who delivered a rousing cry before leading his people into battle ...
【sport】
Read more
Popular articles
- Woman in Minnesota accused in the deaths of 2 children
- Cancer breakthrough as doctors claim A.I. X
- A milestone reached in mainline Protestant churches' decades
- Dunlap declared PGA Tour Champions winner after rain washes out final round
- Putin is starting his 5th term as president, more in control of Russia than ever
- Mexico recovers bodies likely those of missing surfers
Latest articles
FBI says an infant abducted from New Mexico park has been found safe; a suspect is in custody
Spice Girl Mel C is surrounded by eager fans as she lands at Sydney Airport amid Australian DJ tour
Chancalay, Ivačič lead Revolution to 1
Home and Away star James Stewart's real
Biden speaks with Netanyahu as Israelis appear closer to major Rafah offensive
Rays starter Ryan Pepiot departs with leg bruise after getting hit by 107.5 mph line drive
LINKS
- Tibetan Woman Helps Farmers Promote Agricultural Products via Livestreaming
- University Graduate Develops Cooperative, Helps Farmers Attain Wealth
- Real Madrid's Bellingham banned for two games
- Craftswoman Promotes Rural Vitalization by Developing Family's Tea Business
- Young American Sharing Traditional Chinese Culture with World
- Building a Beautiful Home
- 'Guardian Angels' of Wetlands
- Weifang: A City of Crafts and Folk Arts
- Advancing Rural Development Through Modern Agriculture
- China cruises past Mongolia on Asiad men's basketball opening day