Evaluating and prioritizing the carbon credit financing risks and strategies for sustainable carbon markets in China.

Carbon markets are crucial to attaining sustainable development objectives given the pressing need to cut greenhouse gas emissions and combat climate change. China is a key player in the fight against climate change since the country emits the most greenhouse emissions globally. In light of China's carbon markets, this study evaluates the risks and mitigation strategies related to financing carbon credit projects. Fuzzy Analytical Hierarchy Process (FAHP) and Fuzzy Viekriterijumsko Kompromisno Rangiranj (FVIKOR) methodologies are used to assess carbon finacing risks and strategies for the growth of China's carbon market. The FAHP method evaluated carbon credit financing risks and sub-risks, while the FVIKOR method prioritized mitigation strategies. The findings of the FAHP method show that regulatory and policy risks, financial risks, and operational risks are the major risks in the Chinese carbon markets. To mitigate these risks, prioritizing strategies based on FVIKOR suggests that developing stakeholder relationships, financial stability, and transparency would be a practical approach to achieving efficient, productive, and sustainable carbon markets in China. The study provides practical policy implications for stakeholders involved in carbon credit financing and contributes to global climate change efforts by offering insights into carbon credit market risks and opportunities. • Assessing carbon credit financing risks and mitigation strategies for carbon markets. • The Fuzzy AHP and Fuzzy VIKOR methodology proposed. • Prioritizing six risks, twenty-four sub-risk, and five risk mitigation strategies. • Regulatory and policy reported to be most crucial carbon credit financing risk. • The stakeholder relationships considered to be most significant risk mitigation strategy. [ABSTRACT FROM AUTHOR]