Abstract
With the rapid development of international carbon finance, the carbon finance market has already been developed worldwide, including China, and has a very good development potential in the future. This paper first introduces the background of carbon trading, analyzes the domestic and overseas carbon trading market, and studies the construction framework of China's carbon trading market. This paper also elaborates the analysis of global carbon trading market development status. Finally, the analysis of China's carbon trading countermeasures are provided as per the aforesaid analysis results.
Highlights
TO CARBON TRADING BACKGROUNDThe carbon trading is the market mechanism which is adopted to promote the global greenhouse gas (GHG) emission reduction and reduce the global carbon dioxide emissions
As per the Protocol, the market mechanism is used as a new path to solve the carbon dioxide-dominated GHG emission reduction problem, namely, the carbon dioxide emission right is deemed as a commodity, which further forms the trading of carbon dioxide emission right, called carbon trading for short
Since Kyoto Protocol went into effect, the global carbon trading market has been formed after nearly ten years of development, and gradually become the significant power to promote the development of low carbon economy
Summary
The carbon trading is the market mechanism which is adopted to promote the global greenhouse gas (GHG) emission reduction and reduce the global carbon dioxide emissions. As per the Protocol, the market mechanism is used as a new path to solve the carbon dioxide-dominated GHG emission reduction problem, namely, the carbon dioxide emission right is deemed as a commodity, which further forms the trading of carbon dioxide emission right, called carbon trading for short. Protocol lays a foundation for the development of the carbon trading market. This Protocol has come into effect since February 16th, 2015, and 184 countries have signed this Protocol as of 2010. Among these three mechanisms, only the CDM involves the developing countries. There are many carbon exchanges listed all over the world, for example, EU, Australia, New Zealand, and etc [1]
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