How does global sustainable Policy influence Nation Policy -- A case Study of China

Abstract

In the face of increasing pressure to reduce emissions, China, as a major developing country in terms of emission reduction, is obliged to establish a carbon trading market. At present, there are constraints in China's carbon trading market, such as insufficient financial participation, obvious regional segmentation of emission reduction, lack of pricing power in the international carbon trading market, lack of intermediary service capacity, and institutional irregularities. Drawing on the development experience of carbon trading markets in developed countries, this paper clarifies the idea of establishing China's carbon trading market, recognizes the current international environment, analyzes the constraints to the development of the carbon trading market, designs the carbon trading market system, and discusses the required legal, policy, and regulatory safeguards. Finally, nine suggestions are put forward to improve the legal and regulatory system of carbon trading.