Kaiyang awarded its first forest carbon ticket

Kaiyang county in Guiyang, the capital city of Southwest China's Guizhou province, recently obtained its first forest carbon ticket.

The ticket was granted by the Guiyang Forestry Bureau to the Kaiyang Tourism and Culture Investment and Development Co. It is the second forest carbon ticket that has been issued to Guiyang and Guian New Area.

A forest carbon ticket is a certificate for the carbon emission reduction income right to the forest land and trees. The issuance of the carbon ticket turns the land into an income-producing asset.

The carbon ticket was issued to the Kaiyang forest, which is located in the Bazi forest area of the Gangzhai State-owned Forest Farm. It has an area of 1,345 mu (89.67 hectares).

The forest land's carbon sink measures at more than 130 metric tons, and has a forest ecological service value of more than 5.24 million yuan ($748,572.43).

Moving forward, the Kaiyang Tourism and Culture Investment and Development Co will actively explore ways to realize carbon sink transactions.

It is understood that Kaiyang currently has a forest area of 1.52 million mu, a living tree stock of 7.84 million cubic meters, and a forest coverage rate of 57.25 percent.

Since 2017, Kaiyang has accelerated the construction of the first phase of a national forest reserve project in the county, with a total construction scale of 33,036 mu.

Currently, 33,000 mu of the land dedicated to the project has been cleared, 1.34 million seedlings have been planted, and 35.1 kilometers of roads have been constructed in the forest area. 

This year, Kaiyang plans to begin the second phase of the county's national forest reserve project, which includes cultivating a 90,368.4-mu forest.