Abstract
As the issue of global warming takes center stage, the growing demand for low-carbon development at home and abroad. On the one hand, China should actively respond and integrate into the world's new economic landscape. On the other hand, China's carbon emissions rights market should be set up to develop the Chinese economy and improve the climate issue. After many years of pilot testing in various places, China's emissions trading market is still in the initial stage and faces many problems. This essay aims to conduct an in-depth analysis of domestic emission reduction policies, the fundamental structure of the carbon trading market, as well as its associated benefits and drawbacks. The objective is to identify the specific challenges faced by China's carbon trading market and draw insights from international experience. The findings will serve as a theoretical foundation and practical reference for the establishment and enhancement of China's carbon trading market, as well as the design of its market mechanisms.
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