Global warming is the most important environmental issue facing humankind so far, and all countries across the world are under great pressure from emission reduction. In 2012, China made a commitment to decreasing carbon dioxide emission per unit of GDP by 40% to 45% than 2005 by 2020 in the Copenhagen Summit. To achieve this emission reduction target, China began to advance the construction of the seven pilot carbon markets in 2013, and opened a national carbon market in 2018 with an aim to drive reasonable formulation of emission reduction plans under market trading mechanism, lead the technological innovation of emission reduction and ultimately achieve the optimization and upgrade of the industrial structure in China. At first, this paper analyzes the current situation of China's carbon emissions trading market from two aspects-national policy and corporate behavior; next, the paper analyzes carbon emissions trading system and its operating mechanism in terms of trading forms, trading rules and regulations, and trade categories; at last, this paper proposes the future development path for carbon emissions trading in China.
1.China Univ Geosci, Sch Econ & Management, Beijing 100083, Peoples R China 2.Minist Land & Resources, Key Lab Carrying Capac Assessment Resource & Envi, Beijing 100083, Peoples R China 3.Minist Land & Resources, Key Lab Strateg Studies, Beijing 100083, Peoples R China 4.Tianjin Univ, Sch Architecture, Tianjin 300072, Peoples R China 5.Elect Power Planning & Engn Inst, Beijing 100120, Peoples R China
Recommended Citation:
Feng, Tiantian,Gong, Xiaolei,Yang, Yisheng. Carbon Emission Trading Market in China: Operation Mechanism and Development Path[J]. EKOLOJI,2019-01-01,28(107):3417-3427