Core Insights - The article highlights the transformation of fishermen in Xiangshan from selling marine products to trading carbon credits, marking a new revenue stream for fishing villages [1][3] - The first auction of blue carbon in China took place in Xiangshan, where 2,340.1 tons of blue carbon were sold at a price of 106 yuan per ton, showcasing the potential of marine carbon trading [3][4] Blue Carbon Trading - The blue carbon auction on February 28, 2023, was a milestone event, with over 70 rounds of bidding from more than 20 enterprises and institutions [3] - The carbon sequestration potential of local seaweed, such as seaweed and kelp, has been scientifically quantified, with estimates indicating that the salt marsh ecosystem in Xiangshan can sequester approximately 102,800 tons of carbon annually [3][4] Economic and Ecological Benefits - Xiangshan, known for its rich marine resources, has implemented industry standards for measuring and trading blue carbon, enhancing the economic viability of seaweed farming compared to traditional fish farming [5][6] - The local government is actively developing a blue carbon trading market and has completed several research reports to support this initiative [5][6] Innovative Financial Mechanisms - Xiangshan has established a comprehensive mechanism for ecological resource development, including a blue carbon ecological carbon account and innovative financing options for blue carbon projects [6] - The region has successfully completed its first blue carbon pledge financing deal worth 248,000 yuan, paving the way for financial support for marine carbon credit projects [6] Community Development and Shared Prosperity - The "three rights separation" reform in Huangbi'ao village has allowed local fishermen to benefit from marine resource management, leading to increased income and community development [9][10] - The integration of technology and reform has resulted in a thriving aquaculture industry, significantly improving the economic conditions of previously impoverished villages [10]