National Trade Research Articles

Research on the impact of carbon trading on enterprises' green technology innovation

By treating the implementation of China's carbon trading policy as a quasi-natural experiment, the study analyzes data from A-share listed companies on China's Shanghai and Shenzhen exchanges between 2010 and 2023. Utilizing a multi-temporal Difference-in-Differences (DID) model, multiple intermediary effect model, moderation effect model and threshold effect model, we probe to verifies whether carbon trading policy can generate innovation incentive effects and investigate the transmission mechanisms. Empirical results show that carbon trading policy are beneficial for the green technology upgrading of enterprises and that this incentivizing effect is persistent. Mechanism analysis reveals that the mediating variables of financing constraints and R&D investment exhibit a chain mediation effect and nonlinear characteristics. Once the thresholds of financing constraints and R&D investment are surpassed, the green innovation effect of carbon trading policy is significantly enhanced. Digital finance has a moderating effect on the chain-multiple mediation transmission mechanism. Heterogeneity analysis indicates that the chain mediation effect is mainly observed in large-scale enterprises and enterprises in central regions. This paper offers theoretical support for evaluating carbon trading policy based on the micro-enterprise level and provides a scientific basis for how to efficiently play the function of carbon trading policy in practice, which helps to enhance the carbon trading policy and is of great practical significance for improving the operational efficiency of the national carbon trading market.

Paradigms of Georgia's Transit Potential in the Context of Contemporary Global Challenges

As the centuries pass, global civilization continues to evolve, fostering the progress of globalization processes. Consequently, contemporary society witnesses the increasing convergence of social, economic, political, and demographic processes, which amplifies the significance of international economic activities among nations. Throughout the stages of civilizational development, trade and transportation relations between states have been of paramount importance. In today’s context, this is even more pronounced, as the transportation of goods, transit, and customs procedures serve as mechanisms for shaping economic, social, and political relations among nations. Furthermore, they support developing countries in establishing themselves within regional and international trade markets. Georgia is no exception. Historically, it was a significant part of the Silk Road, linking East and West, facilitating the exchange of goods, cultures, and ideas. The strategic location of our country at the crossroads of Eastern Europe and Western Asia plays a vital role in regional and international transportation and trade. Georgia acts as a key connector, bridging historically distinct Europe and Asia. Thus, Georgia’s transit corridor emerges as a crucial element of regional and international transport and trade networks. The primary aim of this scientific work is to determine Georgia’s importance as a major transit country in the context of significant socio-economic developments of recent years. The subject of this study is the current state of Georgia’s transit potential, including goods transported via transit and the role of the TIR carnet system in these processes. The object of research is Georgia’s transit corridor and its geo-economic realities. Georgia is actively developing transit infrastructure to further enhance its role as a regional and international transit hub. Its strategic location at the crossroads of Europe and Asia, combined with ongoing infrastructure projects and efforts to improve transport connectivity, positions Georgia as a leading player in transit development. The country has established connections with neighboring states – Armenia, Azerbaijan, and Turkey – as well as with major trading nations such as the United States, China, and Eastern European countries

The Impact of Carbon Emissions Trading Policy on Regional Economy and Pollution Reductions in Chinese Provinces

Carbon emissions trading policy is an important tool to achieve carbon peaking and carbon neutrality goals. In order to explore the effectiveness of carbon emissions trading policy, this paper adopts the difference-in-differences model to analyze the effects of China’s pilot policy on regional economic development and pollution reductions. The results show that carbon trading policy can significantly promote economic development and reduce total carbon emissions, industrial SO2 emissions and solid wastes production of pilot regions. Further research finds that there is significant regional difference in policy effectiveness, with the policy more effective in western areas. In addition to direct effects, carbon trading policy could exert an indirect effect on carbon emissions, air quality, industrial solid wastes and regional economic development by optimizing energy consumption structures and industrial structures and increasing technological investment. This result verifies the “Porter hypothesis”. China should improve the construction of national carbon trading markets, covering more industries, considering the regional differences and negative spillover effect.

Localization vs globalization of carbon emissions trading system (ETS) rules: how will China’s national ETS rules evolve?

ABSTRACT China’s national carbon emission trading system (C-ETS) is central to its climate action. Previous studies have largely focused on the unique ETS design and/or regulatory details to determine whether the ETS functions successfully. However, less attention has been paid to crucial questions of how China adapts ETS rules to its unique political, legal, economic, and social contexts; and, given China’s climate ambitions, how those rules will develop in future global climate governance. Adding to discussions on how to design the ETS legal infrastructure, this study takes the world’s largest ETS (C-ETS) as an example to discuss the critical question of what rules should be differentiated and what rules should be harmonized (e.g. in alignment with the arguable prototype EU ETS and/or those of strategic partners). First, by examining China’s general ETS institutional framework, its legal evolution, and related legal disputes, this study highlights a ‘central government-promoted model’ underlying China’s ‘localization’ of ETS rules. A Functional Comparative Legal Analysis Framework is proposed to identify China’s key, distinctive, and long-lasting ETS legal features and to examine their collective potential to provide effective, efficient, and just abatement incentives. Further situating the C-ETS in global climate governance, this study provides insights into the potential future development of China’s ETS rules, with policy priorities that vary across stages. Finally, we draw lessons for other jurisdictions and discuss how our analysis might assist in the transnational understanding and potential coordination of different ETS rules.

Effect of the multilateral surveillance of trade policies on trade policies

ABSTRACT We examine the effect of the multilateral surveillance of national trade policies (MSTP) – under the umbrella of the World Trade Organization (WTO) – on national trade policies. The analysis has used an unbalanced panel dataset of 137 countries over the period from 1997 to 2020, and the feasible generalized least squares approach. It has revealed that the transparency exercise brought about by the WTO’s MSTP has been instrumental in promoting trade policy liberalization in WTO member states, especially in non-poorest countries, and non-African countries.

Analysis of the Economic Growth Effect of the National Free Trade Port Zones

In the dynamic landscape of globalization, the pivotal role of free trade zones in catalyzing openness and international trade has gained unprecedented prominence, drawing keen governmental interest worldwide. As China deepens its commitment to reform and openness, it ambitiously outlined plans for the establishment of national pilot free trade zones and free trade ports in 2018. The grand vision was to set a gold standard for openness in the new era and bolster international competitiveness. A thorough review and analysis of existing literature on national free trade ports reveal compelling insights. Evidence strongly suggests that the construction of these ports has not only significantly propelled economic growth but also triggered a ripple effect across various sectors. Mechanistic dissection elucidates that this growth can be attributed to heightened foreign investment attraction and accelerated technological innovation. This paper contributes robust empirical evidence to the discourse on refining and advancing the construction of the free trade system, thereby offering valuable guidance for policymakers and practitioners alike.

Intergovernmental organizations and entrepreneurship: understanding the relationship between the supranational, national, and individual level

Intergovernmental organizations (IGOs), such as the World Trade Organization, the United Nations Trade and Development and the World Bank, promote stability, security and development for member states and their citizens via supranational institutional influences. However, their influence on individuals, especially their entrepreneurial business activities, is unclear. As policymakers decide when more (or less) IGO involvement best serves their countries and citizens, we must better understand the connection of the supranational, national, and individual levels. Thus, we study how IGO membership influences entrepreneurial opportunities and focus on two activities that impact a country’s economy differently: formal and informal entrepreneurship. Moreover, we identify how national institutional ecologies build the bridge between the supranational and the individual level and mediate the relationships. Using a sample of 68 countries, their entrepreneurial environment, and their connection to IGOs, we find that IGO memberships enhance opportunities for entrepreneurship. Moreover, IGOs promote formal entrepreneurial activities while discouraging informal entrepreneurial activities, mediated by the country’s institutional ecology. We combine insights from international relations, institutional theory, and strategic entrepreneurship to highlight how institutions at different levels influence entrepreneurial opportunities and discuss the policy implications of our findings.

Emissions Reduction Effects and Carbon Leakage Risks of Carbon Emissions Trading Policy: An Empirical Study Based on the Spatial Durbin Model

China’s carbon emissions trading policy represents a significant institutional innovation designed to advance the country’s economic and social development towards sustainability and low-carbon growth. This study investigates the effects of China’s carbon emissions trading policy by employing the difference-in-differences model and spatial Durbin model, using provincial panel data spanning from 2005 to 2020. We find that the carbon emissions trading policy can inhibit per capita carbon emissions in the pilot areas. This work is primarily driven by green technological innovation and the upgrade of industrial structure. Furthermore, the carbon emissions trading policy exhibits a positive spatial spillover effect, inhibits per capita carbon emissions in the areas adjacent to the pilot through demonstration effect and competition effect, and does not cause carbon leakage. These findings reveal the policy’s effectiveness in emissions reduction, and may be useful reference for promoting sustainable economic and social development. This is of great practical significance for exploring how to optimize environmental governance measures, avoid carbon leakage, and achieve balance and fairness in responsibilities in achieving low-carbon sustainable development. Our study proposes policy recommendations for synergizing the national trading market in China.

THE MODERATION ROLE OF E-INVOICING IN NATIONAL TRADE: THE IMPACT OF IT AUDITING ON E-ACCOUNTING INFORMATION SYSTEMS AT JORDANIAN CUSTOMS POINTS

This study investigates the moderation role of e-invoicing in national trade, specifically examining how IT auditing impacts electronic accounting information systems (EAIS) at Jordanian customs points. The primary aim is to analyze how effective IT auditing enhances EAIS effectiveness and explores the implications for operational efficiency and compliance within Jordan’s customs operations. A survey methodology was employed, gathering primary data from 322 employees across various customs points through distributed questionnaires. We utilized partial least squares structural equation modeling (PLS-SEM) to ensure methodological rigor in our analysis. The findings indicate that effective IT auditing significantly enhances EAIS effectiveness, with e-invoicing acting as a moderator that amplifies this effect. This underscores the critical role of auditing practices in improving operational dynamics at customs points, facilitating smoother national trade processes. The study offers actionable insights for industry professionals and policymakers, emphasizing the importance of integrating robust IT auditing practices with e-invoicing systems. By doing so, stakeholders can promote greater efficiency and compliance in national trade operations at Jordanian customs points, ultimately contributing to the optimization of trade processes and regulatory adherence. This research highlights the significance of strengthening auditing frameworks and leveraging technological advancements like e-invoicing to enhance operational effectiveness within Jordan’s customs environment.

The corporate political activity of Portugal’s food industry: enhancing public health transparency

Abstract Background This study in Portugal aims to monitor the Corporate Political Activity (CPA) in the food industry. Portugal provides a compelling case study due to its robust implementation of public health policies. Methods A systematic qualitative approach proposed by Mialon et al., a part of the INFORMAS Module 3, was employed. This method is based on the analysis of publicly available information. Key industry actors were selected through expert consultation and market analysis using EuroMonitor data. Information sources included industry, government, and academic materials accessed via websites and news. A thematic qualitative analysis was conducted involving iterative steps: identifying CPA practices based on predefined strategies - Taxonomy of Action Strategies: access and influence policymaking, use the law to obstruct policies, manufacture public support, shape evidence, displace and usurp public health, and manage reputations -, recording methods in a database, and saving evidence. Data collection spanned October 2023 to April 2024, covering materials from 2022 to 2023. Results Twenty-five key players were identified, including processed food and non-alcoholic beverage manufacturers, fast food companies, food retailers, and national trade associations. Food retailers, notably Jerónimo Martins, Lidl, Mercadona, and Sonae, showcased a higher prevalence of CPA. Nestlé and Sumol+Compal also emerged as prominent actors. The food industry in Portugal employs diverse strategies and tactics primarily focused on shaping evidence and managing reputations. While instances of displacing public health priorities and manufacturing public support were observed, they were relatively fewer. Only APED and FIPA showed engagement in policymaking influence. Conclusions Vigilant monitoring of CPA in the food industry in Portugal reveals dominant tactics of shaping evidence and managing reputations. Understanding these strategies is vital for policymaking to safeguard public health. Key messages • The food industry in Portugal employs diverse strategies, primarily shaping evidence and managing reputations, to influence public health policies. • Monitoring the Corporate Political Activity is key to preserving the integrity of public health policymaking in Portugal’s food industry.

Resource nationalism: the intersection of politics and economics

Resource nationalism has a complex economic, political, and cultural history and reality. The evolution of the supply and demand structure of the global mineral metal market influences it. It is closely linked to the “economic-political” system within resource-rich countries. We analyze the ‘economic-political’ logic of resource nationalist behavior using the two-tier game theory. We examine 261 cases of resource nationalism since 1990 and test the theoretical hypotheses using quantitative techniques. The results show that rising mineral prices are the main trigger for contemporary resource nationalism. However, ideology, institutional quality, social climate, and economic dependence within resource countries play a non-negligible role. Resource wealth dependence in host countries makes it difficult for policymakers to escape national resource interventions. We argue that (1) The global economic trading system imbalance is the root of resource nationalism. (2) Resource nationalism is an endeavor by resource-rich countries to seek entitlements from mineral resource endowments. (3) Resource nationalism is not a zero-sum competition in the national economic trading system. In the face of the potential risks posed by resource nationalism to the global supply of minerals, the relevant interest groups should have sufficient strategic reserves to cope with the possible game of interests.

Examining the effects of national intellectual capital on economic growth: does digital services trade restrictiveness matter?

Purpose The moderating role of digital services trade restrictiveness to the effects of national intellectual capital on economic growth has been largely ignored in the existing literature. As such, this paper aims to examine how national intellectual capital and digital services trade restrictiveness affect economic growth. In addition, the moderating role of digital services trade restrictiveness in the relationship between national intellectual capital and economic growth is also examined. Design/methodology/approach In this study, a sample comprising 62 countries worldwide is used. The national intellectual capital for each country is computed using the index of national intellectual capital. Data pertaining to digital services trade restrictiveness are extracted from the digital services trade restrictiveness index (OECD Statistics on International Trade in Services database). To ensure the robustness of the findings, the generalized method of moments (GMM) is used in the analysis. Findings The findings of this study confirm that national intellectual capital supports economic growth. Accumulating intellectual capital at the national level plays an essential role in supporting economic growth. The authors also find evidence to confirm that digital services trade restrictiveness negatively affects economic growth, particularly for high-income and lower-middle-income countries. Interestingly, digital services trade restrictiveness deteriorates economic growth across countries globally, except for upper-middle-income countries, with a weak effect. The empirical results also confirm that the joint effects between national intellectual capital and digital services trade restrictiveness are negative and significant. As such, findings from our analysis suggest that digital services trade restrictiveness moderates the relationship between national intellectual capital and economic growth. Practical implications The findings of this study provide valuable implications for policymakers to formulate and implement policies aiming to improve national intellectual capital to support sustainable economic growth. In addition, limiting digital services trade restrictiveness across countries appears to provide both direct and indirect effects in enhancing sustainable economic growth. Originality/value To the best of the authors’ knowledge, this is the first empirical study conducted to examine the moderating role of digital services trade restrictiveness on the national intellectual capital – economic growth nexus.

Climate change undermines seafood micronutrient supply from wild-capture fisheries in Southeast Asia and Pacific Island countries

Marine ecosystem functions are affected by climate change impacts such as ocean warming, deoxygenation and acidification. These impacts drive changes in distributions and body size of fish species and directly affect fisheries. Wild-capture fisheries are crucial for providing nutrients, livelihoods, and employment in tropical Southeast Asia and Pacific Island countries, where coastal communities are highly vulnerable to climate change. We examined the impacts of climate change on fish stocks and nutrient availability of seven key micronutrients (calcium, Omega-3 fatty acids, iodine, iron, vitamin A, vitamin B12 and zinc) in Southeast Asia, Pacific Islands, and Oceania (Australia and New Zealand). We combined micronutrient demands by local human populations with Sea Around Us reconstructed catch time series and catch projections from a dynamic bioclimate envelope model for the 21st century. The model predicted a decline in the Maximum Catch Potential (MCP) within Exclusive Economic Zones for Oceania, Pacific Islands, and Southeast Asian countries. Under the ‘strong mitigation’ scenario, catch potential reductions ranged from a decline of 54–66 % in Oceania, 58–92 % in Pacific Islands, and 65–86 % in Southeast Asia by the mid to the end of the 21st century relative to the historical period, respectively. Under the ‘no-mitigation’ climate scenario, reductions were more severe, with a decline of 55–70 % in Oceania, 66–92 % in Pacific Islands, and 70–86 % in Southeast Asia for the same time periods. Our findings indicate that Australia and New Zealand are unlikely to meet the recommended nutrient intake demand for most micronutrients through their fisheries (not considering trade or aquaculture production), except for iodine and vitamin B12. Pacific Island countries will likely follow the same pattern while Southeast Asia is expected to face worsening deficits, except for iodine and vitamin B12. This study highlights the importance of incorporating nutritional considerations of seafood into national food, trade and economic policies.

Global air freight flow data for aviation policy modelling

Models of air freight are often constrained by a lack of available data. This study brings together different sources of air freight supply and demand data to address this gap. To study air freight operations, we combine schedules, flight tracking data and country-level databases of passenger and freight movements to produce estimates of global flight segment-level capacity and load factors in freighter aircraft and passenger holds for 2019–2021. To study true origin-ultimate destination air freight demand, a freight mode choice model by commodity group is developed for 2019 to fill gaps in mode information in international and national trade datasets, and estimates are made for 2019 and 2021. Initial comparisons of supply and demand data demonstrate that air freight journeys differ significantly from passenger journeys, typically including more flight legs (roughly, around 2, compared to 1.2 for passengers) and greater leg distances (2.2–2.5 times average passenger distance), with significant asymmetry in commodity flows and operations to and from individual countries and regions. These differences persist in 2021, despite COVID-19 induced shifts towards carrying more air freight in freighter aircraft. This research forms a first step towards making available an integrated database of estimated global air freight flows by commodity.

Projecting the long‐run impact of an economic reform: The case of the Indonesian Omnibus Law

Indonesia has been seeking to improve its investment climate. The most recent development in this process is the enactment of a ‘Job Creation Law’, which aims to achieve improvement in the investment climate through simplifying red tape, eliminating large numbers of overlapping regulations, and adopting a Risk‐Based Assessment approach to business licensing. In parallel with this development, the Indonesian Government is pursuing an Import Substitution Strategy (ISS) to help preserve external balance while fostering local activity. In this paper, the recursive dynamic GDyn‐FS model of the global economy is used to highlight the positive impacts of improving the investment climate, on national investment and trade over time, and the flow‐on impacts to industries and households. On the other hand, the analysis indicates that the pursuit of an ISS, while possibly favouring protected activities, is likely to act as an ongoing drag on the wider economy.

تسوية المنازعات في القانون التجاري - على ضوء القانون رقم 95.17

Mechanisms for settling commercial disputes have become one of the manifestations of legal and economic thinking at world level, a desired tool for regulating and stimulating national and international trade, and an important and essential factor in increasing the flow of investment and alleviating the burden on the national judicial system, prompting the various countries - at the highest level - to attach great interest to this peaceful means. In this respect, the high speech of His Majesty King Mohammed VI on the occasion of the opening of the judicial year on 29 January 2003 in Agadir affirmed the following: ‘.... Thus, in accordance with Our firm desire to continue working to promote investment and in application of Our directives set out in the letter We sent to Our Prime Minister to this effect, we invite Our Government to continue its efforts to modernise the justice system, by rationalising work, simplifying procedures and ensuring the widespread use of information technology. It is also necessary to diversify the procedures for the consensual settlement of disputes that arise between partners in commercial transactions, by proceeding, with all due speed, to draw up a draft law on national and international commercial arbitration, which will enable our judicial system to meet the requirements of globalisation and economic competitiveness, and to help attract foreign investment’. In his speech on the occasion of the anniversary of the Revolution of the King and the People on 20 August 2009 in Tétouan, His Majesty added that: ‘...At the same time, alternative dispute resolution methods such as mediation, arbitration and conciliation should be developed, alternative sentences should be applied and local justice should be reviewed....’. Then the speech of 14 October 2022, which stated: ‘Today, we are banking on productive investment as an essential lever for reviving the national economy and anchoring Morocco in promising sectors’.

Navigating the energy transition with the Carbon-Energy-Green-Electricity scheme: An industrial chain-based approach for China's carbon neutrality

In exploring the intricate dynamics of China's energy transition towards a national certificate trading market, this study harnesses a two-stage game model to unravel the nuanced decision-making within the intertwined carbon emissions trading, energy-consumption permit trading, and electricity markets. A novel industrial chain-based policy framework, i.e., the Carbon-Energy-Green-Electricity (CEGE) scheme, is introduced to address the complexity inherent in aligning these trading markets towards carbon neutrality goals. Findings reveal that the current isolated energy transition policies lead to increased electricity prices and imposes redundant regulatory burdens on power companies. By advocating for the CEGE scheme, the study presents a strategic approach to alleviate these challenges, highlighting its potential to lower electricity costs and foster more efficient carbon reduction efforts. Furthermore, it underscores the importance of integrating energy transition policies, including CET, ECPTS, the renewable portfolio standards (RPS), and the tradable green certificate program (TGC), to enhance renewable energy adoption, offering a path to relieve financial pressures on households while supporting broader environmental and economic welfare improvements.

Warhol’s Lessons for the Publishing Industry

What, if anything, can the publishing industry learn from Andy Warhol Foundation v. Goldsmith? In this Article, I will focus on three key areas that the Warhol Court touched on in its decision—transformativeness, commerciality, and market harm—to see what questions were answered and what questions were left for another day Publishing is, of course, the original copyright industry. The world’s first general copyright law, Great Britain’s Statute of Anne, exclusively protected “books.” The primary focus of the first copyright law in the United States was also books, though the law also covered maps and charts. Today, the U.S. publishing industry is diverse, ranging from major commercial book and journal publishers to small, non-profit, university, and scholarly presses, as well as leading publishers of educational materials and digital learning platforms. Further, it remains vital to society. In 2022, the U.S. book publishing industry generated $28.1 billion in revenue. Beyond its economic contributions, a healthy and independent publishing industry supports the nation’s political, intellectual, and cultural systems. Indeed, the free operation of the publishing industry in a nation cannot be separated from the free exercise of democracy. Copyright continues to serve as a critical legal foundation for the work of publishers. This includes both an appropriately balanced fair use doctrine, which publishers rely on regularly in the course of their work, and a meaningful derivative works right. Helping courts correctly distinguish between the two is what motivated the Association of American Publishers (AAP), the national trade association for U.S. publishers, to file an amicus brief in support of Lynn Goldsmith. AAP’s concern was not that courts were generally not getting it right, at least in cases involving books and other publications. The concern, rather, was that there was a lot of room for the Supreme Court to get things wrong and undermine the derivative works right through an unbalanced conception of the transformativeness doctrine. The amicus brief observed that “[p]ublishers rely on the derivative works right daily, including to justify the use of a license for a film adaptation of a novel, translation of a novel into another language, or recasting of a novel into an ebook or audiobook—all of which are quintessential examples of derivative works.” Publishers in the educational space also rely on the derivative works right to protect supplementary materials, instructor solution manuals, and other adjuncts to the textbooks and course materials they create and distribute. From the perspective of book publishers, then, the Court got it right. It recognized the tension between transformativeness and the derivative works right, explaining that “an overbroad concept of transformative use, one that includes any further purpose, or any different character, would narrow the copyright owner’s exclusive right to create derivative works." If the Court did nothing beyond shining a light on this tension, it would be considered a good outcome for publishers.

The Urgency of Using al-Milk an-Naqiṣ in Geographical Indications: An Ideal Preservation for Intellectual Property in Indonesia

This study aimed at explaining the ideal preservation of intellectual property inventions so that geographical indications (GI) products can increase and be highly competitive in the global market. The existence of GI play a vital role in supporting business competition at the national and international trade levels. GI not only provide protection for intellectual property inventions, but also provide legal guarantees of official legality from the government. This study used a conceptual and comparative approach supported by primary legal materials consisting of GI laws combined with texts and fiqh. The research results shows that al-milk an-naqiṣ’s efforts with the al-ibahah type will be an ideal model for preserving GI for intellectual property inventions in Indonesia in the future. This is because al-milk an-naqiṣ, which is varied and implemented in the community, is able to strengthen GI inventions, can last longer, and without any contracts. In addition, there are advantages to be gained by using al-milk an-naqiṣ, such as having different ownership models, no time limit for transferring ownership, and the ability to increase the welfare of the community. For this reason, it is necessary to spread the importance of preserving the al-milk an-naqiṣ model in order to form a legal culture and provide legal protection for intellectual property inventions based on GI so that they will last longer in the market in the future. In addition, this is useful to support the increase of regional per capita income and help reduce unemployment through the implementation of al-milk an-naqiṣ GI products as an ideal solution for the long-term preservation of intellectual property inventions.

Discussion On The Development Of China's Regional Carbon Market Under The Background Of Double Carbon

Accelerating China's carbon trading market is one of the important means to deal with climate change and achieve the dual carbon goal. Due to the huge differences in China's regional economic development and carbon resource endowment, the impact of the establishment of the national unified carbon trading market on regional economic development is unstable and uncertain. For local governments to make full use of this empty window period, this paper combs the recent development of the carbon market, and discusses the development prospect of China's regional carbon market under the background of carbon trading. The results show that: ①in the current development of the national carbon emission trading market, we can not achieve the carbon unification of the market and abandon the local carbon trading market; ②In the process of regional carbon trading, it can promote the low-carbon development of local economy; ③In the process of regional carbon trading, it can increase the share of clean energy and improve the efficiency of regional ecological and environmental protection. Then, some suggestions are put forward for the development of local carbon trading: ①appropriately expand the pilot scale of local carbon trading, go up and down, and realize the double cycle development of carbon market; ②Strengthen the training of professionals and create an innovative and entrepreneurial business environment; ③build a carbon platform with big data technology and improve the Regional Internet plus carbon enterprise database; ④Actively promote the development of PPP model, explore the carbon sink transaction of cooperation between the government and social capital, continuously improve the regional green and low-carbon development, and jointly promote the realization of the "double carbon goal".