Research On Carbon Finance Market Development Path In China

More and more evidence indicate that greenhouse gas which comes from humanactivities cause climate change. After the theory and practical tests,carbon emissionstrading system and the resulting carbon finance market have become the primarymeans to address the excessive emissions of greenhouse gases. The internationalcarbon finance market is divided into project-based and quota-based types of market.Quota markets in the EU, United States and other countries and regions are moredeveloped, the developing countries mainly develop the CDM project markets. Withthe increasing degree of attention to the issue of climate change, as well as thecontinuous development of international carbon finance market, the scale of quotamarket is increasing,the features of low abatement costs and the obvious reductioneffect gradually gained recognition and make it become the mainstream ofinternational carbon market development. With the development of our economic andsociety, carbon emissions continue to grow, we have become the world’s largestemitter of greenhouse gases. Not only the domestic social pressure and environmentalecological affordability are growing, but also the international community pressure isalso increasing, Due to administrative means such as the high cost of properties,forcing us to give more consideration to reduce emissions through the carbon market.Therefore,it is urgent to explore the development path of China’s future carbonfinance market, in order to take full advantage of the carbon market to adjust thestructure of China’s economic development,slowing the growing trend of greenhousegas emissions, reducing the domestic and international pressure and promotingChina’s economic healthy and sustainable development.The study of this article is carbon finance market development path, The firstpart is the background and significance, introducing research progress of domesticand foreign scholars in the carbon financial market development path, emissionspricing mechanism, risk management research, carbon financial market innovation etc.The second part of the contents analyze and summarize related concepts of the carbonfinance, theoretical foundation, international carbon finance legal framework development path, laying a theoretical foundation for the follow-up study. The thirdpart point out that the experience of the developed countries in developing carbon financialmarkets is worth to reference for us. The article first analyzes the motivation of thedevelopment of carbon finance market in Europe, United States,Japan and othercountries, summarizes the thrust and drag of carbon finance market development,Then describe the carbon finance market development path in these countries,pointing out that carbon finance market development can be basically divided intothree stages in developed countries. Finally, conducting a comprehensive analysis forthe development status of the carbon financial markets in these countries. The fourthpart use the SWOT analysis for China carbon finance market to make a in-depthanalysis from four aspects of the strengths, weaknesses, opportunities, threats, cometo the conclusion that the situation faced by the development of carbon finance marketare the advantages outweigh the disadvantages, more opportunities than threats,having the foundation and environment for the development of carbon finance market,Therefore, it is entirely feasible to establish the carbon finance market in China. Thefifth section presents the specific path of China’s development of carbon financemarket. Combined with international experience of carbon finance marketdevelopment path and feasibility analysis of China’s development of carbon financemarket, Pointing out that the development of carbon finance market in China shouldbe divided into three phases, The first phase is the prepared stage,the time span isfrom2012to2017, at this stage we should focus on the development of voluntarycarbon finance market and the improvement of the CDM market, Followed by a stageof development phase,the time span is from2018to2030, at this stage we shouldfocus on the development of regional carbon finance market; The final phase is themature stage,the starting point of time undertakes the end of development phase,thefocus of this stage is the development of a national carbon finance market. This part isthe core part and the main innovation part of this article. The sixth part summarizeand generalize the main contents of this article, at the same time, making the outlookfor the carbon finance market development path.