On April 7, the reporter of China Securities News Agency learned that the country’s first wetland carbon sequestration ecological value insurance was piloted in Ningbo Qianwan new area to provide carbon sequestration loss risk guarantee for Hangzhou Bay Wetland in Qianwan new area.
It is reported that the project has solved the preliminary confirmation of wetland carbon sequestration value and filled the gap of wetland carbon sequestration value insurance in China. Wetland carbon sequestration insurance is a carbon sequestration insurance based on the surplus value of wetland carbon sequestration (including the economic value of carbon sequestration and restoration cost) to protect the wetland from damage caused by natural disasters such as typhoon and drought, which leads to the reduction of wetland carbon sequestration. The compensation can be used for the expenses related to the production activities of wetland carbon sequestration surplus value, such as post disaster wetland carbon sequestration resource rescue and carbon source removal, wetland resource cultivation and strengthening ecological protection and restoration.
\u3000\u3000 “The carbon sequestration value of Hangzhou Bay Wetland can not only be used for the development and construction of the wetland itself. Similarly, we can further solve the problem of how to maintain carbon balance when vigorously introducing large emerging enterprises in the process of the great development of Qianwan new area, which provides ideas for the subsequent carbon neutralization and green industry development of Hangzhou Bay New Area through wetland value, and it is also an attempt for us to explore the diversified transformation of regional carbon sequestration value.” Mao Junrong, general manager of China Pacific Insurance (Group) Co.Ltd(601601) property insurance Ningbo Branch, said.
