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GLOBALink | Carbon trade helps turn green into gold in SW China

Source: Xinhua| Published: 2021-07-13

Incomes of people in southwest China's Guizhou Province, have been increased thanks to the area's forest carbon sink trading program.

Guizhou officially launched a pilot project, which is literally translated as Individual Plant Carbon Sink Trading for Guizhou's Targeted Poverty Alleviation, and its online platform in 2018.

Trees planted by registered impoverished households are given identities, with the storage amount of carbon emissions calculated based on each plant's variety, age and size.

All individuals, enterprises and organizations dedicated to low carbon growth can purchase the carbon sink trees via the platform, and the amount of sales will be deposited to the personal bank account of the tree owner.

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