Abstract
As the deterioration of the modern environmental problems, developed countries started to explore concrete ways of internalization of external effects produced by environmental problems. The theory of new institutional economics which produced the environmental property theory is widely used in the research of environmental management. On the premise of total amount control of pollution, the subjects of public power distribute or sell the rights is the basic paradigm of this method. Buyers take possession of the rights and utilize, profit from or dispose of them. The coordinated development of urban agglomeration is the main direction of China’s regional development strategy. As there are differences in environmental governance in different cities, the environment property trading system of urban agglomeration needs to be established urgently. Due to environmental property’s complexity and its attributes of public goods, the transaction of environmental property is restricted by amounts of factors. This research concludes that it is necessary to define the possessor of environmental property, strengthen the construction of trading platform, improving the public participation and supervision mechanism and control transaction cost by establishing and analyzing the emission trading model of the city-cluster along the Yangtze River in Anhui Province.
Highlights
The owners of environmental property rights set the pollution-discharging rights, allow the transaction of the discharging rights according to the market mechanism, relevant parties control the emissions of pollutants, which is called the transaction of pollutants-discharging rights
The basic form of the environmental property right system is in the form of public property rights
The public need to pass on the environmental resources property rights to a macro trading subject which can be representative of the public interest and have scale effect of power exertion, this main subject will become the agent of the public to exercise the management of environmental resources, by its arrangement of the use and management of environmental resources, it will exclude all illegal violations of environmental resources
Summary
Wang Jiefang (2014) thinks that China’s emissions trading market is not perfect, if there are huge differences between the initial distribution of emission rights and the existing emissions, enterprises can’t adjust production methods or structure in time to adapt to it, at the same time, they can’t buy necessary emission right on the market, economic and social development will be influenced badly. The basic function of environmental property rights transacting is realizing the optimal allocation of environmental resources through market adjusting the production and operation activities of the subjects of transaction. From the perspective of resource optimization, the transaction of environmental property rights should be based on a unified trading market. China has got some experience in the transaction of environmental property rights with the representative of emission rights, but, generally, the bargain system based on the market is not established. The study analyzes the transaction of environmental property rights in the urban agglomerations with an example of An-hui’s cities along the river, explores its transaction paradigm
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