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China’s commitment to the UNFCCC to peak its emissions by 2030, or sooner, signaled a long anticipated shift in China’s model of development with far reaching consequences. Cities in China, and particularly the residential sector in cities, will be charged with making significant reductions in emissions growth even as rates of urbanization continue to climb. Focusing on Beijing and Shanghai, this paper carries out a measures-based economic analysis of low carbon investment opportunities in the residential sector. Results find significant opportunity: between 2015 and 2030, BAU levels of CO2 emissions could be reduced by 10.2% in Beijing and 6.8% in Shanghai with the adoption of economically attractive low carbon measures. While these headline results underline the case for low carbon investment in the residential sectors of these megacities in China, a closer analysis provides insights for understanding the economics of decarbonisation in cities more generally.

The use of harvested wood products (HWPs) influences the carbon flux. China is both the major producer and trader of HWP, so estimating the carbon stock change of China&rsquo, s HWP is important to help curb climate change. Accurate reporting and accounting of carbon flows in the HWP pool is needed to meet greenhouse gas monitoring and climate change mitigation objectives under the United Nations Framework Convention on Climate Change (UNFCCC) and the Paris Agreement. This study applied production approach (PA) to estimate the carbon stock change of China&rsquo, s HWP from 1900 to 2016. During the estimating period, the carbon stock of HWP in use and deposed at solid waste disposal sites (SWDS) were 649.2 Teragrams Carbon (TgC) (346.8 TgC in wood-based panels, 216.7 TgC in sawnwood and 85.7 TgC in paper &amp, paperboard) and 72.6 TgC, respectively. The carbon amount of annual domestic harvest HWP varied between 87.6 and 118.7 TgC. However, the imported carbon inflow increased significantly after the 1990s and reached 47.6 TgC in 2016, accounting for 46% of the domestic harvest of that year. China has great mitigation potential from HWP and use of this resource should be considered in future strategies to address climate change.

This paper provides an overview of China’s climate mitigation policy related to the forestry sector, with a special focus on the development of carbon forests which are established to mitigate climate change. A total of 3.5 million ha of carbon forest were planted in the past decade. In recent years, the number of Voluntary Emission Reduction forest carbon projects has increased rapidly. The main challenges for future development of carbon forests under market mechanisms include increasing costs, uncertainty in the future supply and demand for China-certified emission reduction, and potential disputes between households and project developers.