Abstract
In recent years, the global climate governance is not just for a global environmental problem of climate change, more involved in international politics, economy, investment, technology and other fields, and involves the transformation of production and life style. Accompanied by global energy and technology revolution, the development of low carbon is our inevitable requirement. Recently, China submitted to UNFCCC (United Nations Framework Convention on Climate Change) the Secretariat of the national independent contribution plan and set emission reduction targets: carbon dioxide emissions reach the peak in 2030 and strive to reach the peak as early as possible; carbon emission intensity decreased by 60% - 65% compared with that in 2005. This means that our government will intensify its efforts to reduce carbon emissions. In the past, our target was to reduce carbon emissions intensity, but now our country is to realize the reduction of total carbon emissions, or “absolute reduction”. Carbon finance is an important breakthrough in the development of low carbon economy and the promotion of carbon emission reduction. This paper focuses on the analysis of the development status of China’s carbon financial market, the problems and the opportunities and challenges faced, and finally, the relevant countermeasures and suggestions are given from the perspectives of policy, talent, mechanism, international cooperation and so on, in order to promote the development of carbon financial market innovation, to seize the commanding heights of the era of low-carbon economy.
Highlights
Extreme weather has become increasingly frequent; the seriousness of the problem of climate change issue canHow to cite this paper: Yuan, Y.F. (2016) The Development Status, Problems and Countermeasures of China’s Carbon Financial Market
China carbon financial is in industry chain of minimum end, this may be an essential stage [3], but in global climate changes situation severe, Paris climate conference reached new of agreement, and China huge of carbon emissions right trading needs and in clean development mechanism (CDM) project’s unique advantage background, China carbon financial markets’ development and innovation ushered in rare of history opportunities, and can master more of initiative in international economic, and financial system heavy frame process
The government needs to size up the situation, take effective measures in energy saving and emission reduction, promote the transition to a low carbon economy, more importantly, actively develop carbon finance, strengthen carbon finance idea, accelerate carbon financial product innovation, and establish scientific and effective carbon finance financing system [16]
Summary
Extreme weather has become increasingly frequent; the seriousness of the problem of climate change issue canHow to cite this paper: Yuan, Y.F. (2016) The Development Status, Problems and Countermeasures of China’s Carbon Financial Market. (2016) The Development Status, Problems and Countermeasures of China’s Carbon Financial Market. Developing low carbon economy is the way to solve the problem of climate, the trend of global economic development, the inevitable requirement of promoting Chinese economic transformation and upgrading of the industrial structure, and one of the important ways and means of placing on the “Chinese dream” and realizing the “Chinese dream”. Low carbon economy development cannot lack financial support, accompanied by the development of carbon finance market. Since the carbon emission rights has gradually become a scarce resource, carbon trading market developed rapidly, derived from the relevant financial needs. As the emissions trading schemes, cap-and-trade policy, and other measures are improving, carbon finance has gradually become an effective way to reduce carbon emissions and promote the development of low carbon economy in the world. It is necessary to explore the efficient financial support tools and methods, and gradually establish and improve the carbon finance system with the characteristics of our country
Sign-in/Register to view highlights & summary 
Published Version (
Free)
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call