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What are the rules for ecological protection compensation?
The Regulations on Compensation for Ecological Protection is the first law in China that specifically aims at compensation for ecological protection, and will be implemented on June 1 2024. Section 33 of Chapter 6 of the Regulations on Compensation for Ecological Protection includes financial vertical compensation, regional horizontal compensation, market mechanism compensation and other aspects, and the incentive institutional arrangements for compensation for units and individuals who carry out ecological protection according to regulations or agreements.

In terms of financial vertical compensation, the Regulations on Ecological Protection Compensation, on the one hand, stabilizes the investment in ecological protection in the form of laws and regulations, on the other hand, strengthens the main function of the region and brings some key ecological functional areas and nature reserves into the scope of central financial compensation.

In the aspect of horizontal compensation between regions, the key point is to strengthen the linkage of regional governance and weave a network of protection cooperation. The Regulations on Compensation for Ecological Protection adheres to the problem orientation, focusing on the core issues and key links such as the signing of compensation agreements, the implementation of agreements, and the settlement of disputes.

In terms of market mechanism compensation, the Regulations on Compensation for Ecological Protection clearly put forward the compensation path of government building platform, social participation and market operation. We will mobilize and gather the strength of all parties by promoting the transaction of resources and environmental rights and interests, promoting the development of eco-industry, and establishing a market-oriented compensation fund for ecological protection, so as to realize the accurate docking of demand and supply of ecological products and improve the value of ecological products.