The Research On Risk Information Disclosure In Forest Carbon-sink Market

Global climate warming human facing is the current major environment problems.The increase in greenhouse gas emissions, sea level rise and EL Nion phenomenon will have mankind to increase awarness of climate change.With the active efforts of the international community, the"United Nations Framewoke Convention on Climate"and the"Kyoto Protocol" are introduced to promote the formation and development of international carbon sinks markets, including the Clean Development Mechanism projects for the development of forestry carbon programs.Forest carbon-sink project is an important component of international carbon market, which is the only opportunity between developed and developing countries for emission reduction.The carbon sink standards approved by photosynthesis of the forest have been changed into the international carbon credits indicators to trade in foreign exchange field.In this case, it is conductive for developing counties and benefit for developed counties to complete the reducing emissions target.But the great various hidden risk will affect the market supply and demand levels and normal gradual development of market system to solve market transaction conflict is great significant for the development of the forest carbon sequestration.The article is focused on forest carbon sinks market.By introducing the basic theory of carbon sinks basic and risk information disclosure, we target at the risk information disclosure model of the emerging market.Forest carbon sink basic theory and risk disclosure basic theory are starting points.We analysis the risk information disclosure of carbon-sink market from more theoretical.The development of international forest carbon-sink market and the impritance of establishing the relevant market were analysized.Besids,we deeply analysis the motivation and challenges of information disclosure in carbon-sink market, that the future market facing. This paper builds on the particularity of forest carbon sequestration market to create the main indicator system including the nature risk, market risk and so on.The options put forward as typical examples in risk management to avoid risk.Having analysized the models of Black-Scholes and European binonaial tree valuation, we use binary tree method theoretically under the existence of market segmentation. Finally, measures have been designed to enhance the risk disclosure in forest carbon sink market.