Enhancing the Advancement of Agricultural Carbon Emission Reduction via China’s Agricultural Carbon Trading

Abstract

Nowadays, agricultural carbon emissions become one of the reasons for the global greenhouse effect. Thus, it is imperative to effectively lower carbon emissions from the agricultural domain. China has the largest corporate production and fertilizer consumption in the world. Greenhouse gases such as Carbon dioxide (CO2), Nitrous dioxide (N2O), and Methane (CH4) are produced via heavy agricultural activities. Agricultural Carbon Trading (ACT) could maximize the total amount of gases produced in agricultural activities by trading the carbon emissions in a separate market. This study evaluates the feasibility of ACT to reduce agricultural emissions in China. It delves into the development of the agricultural market in developed countries and compares it with China. Firstly, the successful factors that could be applied to the carbon trading market of China are examined. Secondly, relevant policies for supporting the future ACT market are analyzed. Thirdly, the advantages and disadvantages of the existing Chinese carbon trading system are discussed.