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China's forest ecosystem plays a crucial role in carbon sequestration, serving as a cornerstone in China's journey toward achieving carbon neutrality by 2060. Yet, previous research primarily emphasized climate change's influence on forest carbon sequestration, neglecting tree species' suitable area changes. This study combinates the Lund–Potsdam–Jena model (LPJ) and the maximum entropy model (MaxENT) to reveal the coupling impacts of climate and tree species' suitable area changes on forest aboveground biomass carbon (ABC) in China. Key findings include the following: (1) China's forests are distributed unevenly, with the northeastern (temperate coniferous broad-leaved mixed forest, TCBMF), southwestern, and southeastern regions (subtropical evergreen broad-leaved forest, SEBF) as primary hubs. Notably, forest ABC rates in TCBMF exhibited a worrisome decline, whereas those in SEBF showed an increasing trend from 1993 to 2012 based on satellite observation and LPJ simulation. (2) Under different future scenarios, the forest ABC in TCBMF is projected to decline steadily from 2015 to 2060, with the SSP5-8.5 scenario recording the greatest decline (−4.6 Mg/ha/10a). Conversely, the forest ABC in SEBF is expected to increase under all scenarios (2015–2060), peaking at 1.3 Mg/ha/10a in SSP5-8.5. (3) Changes in forest ABC are highly attributed to climate and changes in tree species' highly suitable area. By 2060, the suitable area for Larix gmelinii in TCBMF will significantly reduce to a peak of 65.71 × 104 km2 under SSP5-8.5, while Schima superba Gardner & Champ and Camphora officinarum in SEBF will expand to peaks of 94.07 × 104 km2 and 104.22 × 104 km2, respectively. The geographic detector's results indicated that the climate and tree species' suitable area changes showed bi-variate and nonlinear enhanced effects on forest ABC change. These findings would offer effective strategies for achieving carbon neutrality. [ABSTRACT FROM AUTHOR]

China is currently recognized as the leading global energy consumer and CO2 emitter. A significant amount of carbon emissions can be attributed to urban public buildings. Establishing an equitable and efficient carbon emission allocation mechanism is a crucial step to meeting the ambitious targets in China's 2030 carbon peak plan. In this study, we estimate the total amount of CO2 emissions from urban public buildings by 2030 and propose a preliminary scheme of carbon quota assignment for each province. By means of applying the zero-sum gains data envelopment analysis (ZSG-DEA) model, the carbon emission quotas allocation of urban public buildings in China's 30 provinces is proposed, and the corresponding pressure to reduce provincial carbon emissions is analyzed. The results indicate that Qinghai has the lowest carbon emission rate (0.01%) for urban public buildings, while Guangdong has the highest (9.06%). Among the provinces, Jiangsu, Jiangxi, and Tianjin face the least pressure in reducing carbon emissions from urban public buildings. On the other hand, Hebei, Beijing, and Anhui are under great pressure to decrease carbon emissions. Notably, Hebei is predicted to have the highest emission reduction requirement of 95.66 million tons. In terms of pressures on carbon emissions reduction for urban public buildings, Jiangsu, Jiangxi, and Tianjin exhibit the least pressure. Hebei, Beijing, and Anhui are facing intense pressure to decrease carbon emissions. These findings offer policymakers valuable insights into developing a fair and efficient carbon allowance allocation strategy, while also contributing to China's efforts to mitigate carbon emissions and combat climate change. [ABSTRACT FROM AUTHOR]

Green bonds have increasingly been utilized around the world as a source of financing for renewable energy development, designed with compliance requirements and measurable economic returns to investors, while mitigating climate change. However, the efficacy of green bond arranged in the emerging economies for financing renewable energy assets and how the underlying risks are managed have remained to be explored. The paper aims to examine the evolving green financial system sponsored by both public and private institutions in managing such risks within China's emerging economy. A case study of green financing for a bundle of wind power assets led by a state-owned enterprise (SOE) reveals an alternative approach by structuring public–private collaboration while stipulating market-based financial incentives to institutional stakeholders under a political economy. This institutional consortium is composed of a state development bank, a commercial bank, credit rating agencies, institutional and private investors, regional power purchasers, and carbon trading entities. Financial stakeholders' risk in such emerging sustainable investment is moderated by these participating institutions and structured "upsides" from carbon trading aligned with the framework of green finance and standards for green bond development. The results reveal the potentials of scaling up the development of renewable energy by adequately managing and sharing key risks, while allocating substantial funding into renewable energy projects under such a green financial system that is to be complementary with a scalable post COVID-19 economic recovery. [ABSTRACT FROM AUTHOR]