Carbon Finance: Carbon Finance
Carbon finance does not have a unified concept. Generally speaking, it refers to all financial activities that serve to limit greenhouse gas emissions, including direct investment and financing, carbon index trading and bank loans. The rise of "carbon finance" stems from changes in international climate policy and, precisely, two international conventions of great significance - the United Nations Framework Convention on climate change and the Kyoto protocol. Carbon finance definition: improved use of financial capital to drive the environmental rights and interests, to the laws and regulations for support, the use of financial means in the market platform makes carbon financial products and derivatives trading or to circulation, and eventually achieve a low-carbon development, green development and sustainable development objective. The United Nations Conference on environment and Development held in June 1992 in Brazil, Rio De Janeiro, more than 150 countries have established the "United Nations Framework Convention on climate change" (United Nations Framework Convention on Climate Change, referred to as the "Framework Convention"). The ultimate goal of the Convention is to stabilize atmospheric concentrations of greenhouse gases at levels that do not harm the climate system.
The "Framework Convention" is the world's first comprehensive control of carbon dioxide and other greenhouse gas emissions, the International Convention for the human economic and social adverse effects in response to global warming, a basic framework is also the international society for international cooperation in tackling global climate change on the issue. According to statistics, 191 countries have ratified the Convention at present. These countries are called parties to the convention. The parties to the Convention have made many pledges aimed at addressing climate change. Each party must submit periodic reports, which contain the greenhouse gas emission information of the contracting parties and indicate plans and specific measures for the implementation of the convention. The Convention came into force in March 1994 and laid the legal foundation for international cooperation in dealing with climate change. It was an authoritative, universal and comprehensive international framework. The Convention consists of a preamble and 26 main texts. The Convention is legally binding to control emissions of carbon dioxide, methane and other greenhouse gases in the atmosphere and stabilize the concentration of greenhouse gases from the destruction of the climate system. The Convention differs from the developed countries and developing countries in terms of their obligations and procedures for fulfilling their obligations.
