Abstract
Since China’s National Development and Reform Commission approved the first seven pilot cities to carbon emission right trading, carbon emission trading is now flourishing in the country. However, in practice, the carbon emission trading emerges many problems and short in some basic theories to safeguard. In theory, the nature of carbon emission right still has no uniform academic definition. What is carbon emission right? There is an academic contend to illustrate it, such as usufruct right, property right, new property and other theories. What’s more, defining the nature of carbon emission right is the premise to ensure that carbon emissions trading system work smoothly.
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