Does the Kyoto Protocol as an International Environmental Policy Promote Forest Carbon Sinks?

Abstract

Under the background of carbon neutrality, the carbon sequestration of forest ecosystems is an important way to mitigate climate change. Forest could not only protect the environment but also an important industry for economic development. As an international climate policy that first recognized the role of forest carbon sinks on climate change, the question becomes, has the Kyoto Protocol promoted the development of forest carbon sinks in contracting parties? To explore this, data of forest can be obtained at the national level. Hence, data of economic, social, polity and climate in 147 countries is also collected. The generalized synthetic control method is adopted. The results show that the policy effect of the Kyoto Protocol was obvious and significant. Moreover, the effect was more significant after the enforcement in 2005. Especially after the first commitment period, the policy effect of the second period is more obvious. Some policy implications are drawn.