The Tentative Plan Of Constructing Chinese Carbon Market

Current global climate change is affecting the sustainable development of social economy,In ordet to solve the problem of climate change,All the countries in the world carried out a series of negotiation。In February 16, 2005,《The Kyoto Protocol》force to promot global carbon market development。The Kyoto protocol for between countries on greenhouse gas emissions trading rights provided a new framework,Make emissions of greenhouse gases such as commodity is right, have been fraught with out one kind of brand-new Greenhouse gas emissions trading market.According to the Regulation of《UN Framework Convention On Climate Change》and《the Kyoto Protocol》, As a developing country, China can participate in project based on carbon emissions trading. Due to the low energy utilization efficiency and energy demand increases rapidly, determines the CDM project implementation in China's huge potential.Along with the Chinese government to control pollution pays more attention to, and worldwide carbon emissions trading practice constantly, China's environmental protection department also start to interested in carbon emissions trading on China's environmental pollution treatment. Besides, China, as a developing country, is lack of environmental protection investment, While using carbon emissions trading market economy mechanism, can make the cost minimization, so as to meet the social development under the restriction of the funds for the redistribution of environmental capacity. To execute and help carbon emissions trading policy and to provide theory support for more fully, based on the study of carbon emissions trading, can determine their role in China's sustainable development, For China to develop a new policy tool of environmental management, to promote environmental management goals.Through the study, In the present situation, the carbon trading market potential, which is in combination with the international market in the position, demonstrates that establish a unified and complete carbon trading market for realizing effectively slowing climate warming, greenhouse effect and maintain ecological security of the huge function, This research work for carbon dioxide emissions have practical significance. On the other hand, use futures market to realize the carbon trading for promoting the development of futures or climate and listed plays an active role, to promote the use of this financial products effectively control risk, achieve the blowoff controlling a carbon dioxide's purpose then.This research includes main six parts:The first part Analysis the theoretical basis of carbon markets. From the externality theory, the theory of scarce resources, the ownership of the school and the coase theorem and the sustainable development theory, the theory of the futures market.The second part analysis international and domestic carbon emissions trading market situation. For international carbon emissions trading market, analysis the Kyoto protocol of carbon emissions trading, carbon emissions trading market types, international carbon emissions trading and price. For domestic carbon emissions trading market, Analyzed the development present situation, the Chinese CDM market potential and development fields and ongoing CDM project.The third part demonstrates the necessity,principles and basic ideas of the establishment of carbon markets in China. Establishing China's carbon markets in China is to improve the price of carbon trading, bargaining capability in the need, is the need of domestic enterprises trading operations, is to deal with the international pressure and fully participate in international convention.Establishing China's carbon markets is beneficial to our country climate resource optimization deploy; is to advance our country to attend the clean development mechanism, For our country's environmental protection and sustainable economic development. China should construct carbon markets in fairness and efficiency, Our carbon market construction should follow the fairness and efficiency, Combining with the government, market system and the principle of combining technology. Divided into two categories: Domestic and international trade transactions. Domestic trade in total control should be the market mechanism and emissions trading, International trade is mainly for foreign buyers, CDM project development, deal with the Chicago climate exchange (CCX) and European climate trading.The fourth part specific ideas of establishing carbon markets. China should establish carbon markets can be divided into three stages: The first stage is the preparation stage, should establish corresponding laws and regulations and strengthen the relevant research. The second stage is the development stage, Establish carbon emissions stock market. The third stage is the mature stage, Establish carbon emissions futures trading market.The fifth part is for our carbon trading market construction proposal. The Advice is setting carbon emissions trading center and carbon stock exchange, strengthening financial innovation, service carbon trading market, developping renewable energy.