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Carbon Finance And The Theoretical And Practical Analysis Of Its Impact Upon The Property Restructuring

Posted on:2012-02-17Degree:MasterType:Thesis
Country:ChinaCandidate:B LiFull Text:PDF
GTID:2189330332998455Subject:Finance
Abstract/Summary:PDF Full Text Request
As the contradictions between the nature resources and social development become increasingly intensified, people fully understand the importance of the development of low-carbon economy because of the serious effects of greenhouse gas emission. It has already been a recognized worldwide development model, which is a carbon financial mechanisms. With the developed countries completed industrialization, China has been the largest amount of carbon dioxide emissions. The main reason is that China has been taking so extensive, high-emission, high-polluting economic development pattern that the second industry which emits the largest amount of greenhouse gas is still the core of China's industrial structure. (With the "Kyoto Protocol" and "international framework convention" signed), the content of the thesis is around how to use carbon finance to promote social and economic optimization of industrial structure adjustment, economic growth . Through the analysis of carbon finance theory, discusse the international and domestic carbon finance market, use carbon finance panel data model to measure the impact of factors of industrial restructuring, and give a reasonable policy recommendations.The paper starts from the production of carbon finance and reviews the carbon finance theory that is still strange to people ,in the first , discusses the significance of the topic , purpose and the research methods , points out that innovation is the use of empirical methods , overcomes the trouble in collecting data , combines qualitative and quantitative factors to measure that how carbon finance impacts upon the industrial structure adjustment .The second chapter recalls international and domestic production and development of carbon financial theory, analyzes of the significance of the "Kyoto Protocol" and "United Nations Framework Convention on Climate" of the Copenhagen Meeting held in 2010, the latest climate conference in Cancun in detail . In the third chapter , discuss the content of carbon finance and carbon finance market, defines and analyzes the current composition of carbon and financial systems of several factors: the market structure, the trading body, the price mechanism and trading tools. In addition , analyze the status of carbon finance in domestic and international market. As to international market , analyze the North American emissions trading system, Australia's emissions trading system, the EU carbon emission reduction market (EU ETS) and other new trading system for climate. Since the EU ETS is the most perfect and well-developed system, the thesis focuses on the development and the success of EU ETS market . As to the domestic market, the thesis discusses the development of carbon finance, the industrial policy, the establishment of laws and regulations, and he development of carbon financial instruments.The forth chapter , by using the Econometric methods ,the thesis estimates the carbon emissions trading in the industrial structure and select 18 EU countries from 2005 to 2009 GDP growth, GDP data structure, the proportion of carbon emissions quota and the actual emissions of carbon dioxide to build Panel Data Model Identification of a national emissions trading on the impact of the industrial structure. By constructing a variable that changes in industrial structure, the value of ISV, and industrial change proportion of IWS in the carbon ratio CO2R account value to make the statistical analysis. Note that the outcome of the actual carbon emissions of a country is larger than the quota of the carbon emissions, then the greater changes there will be in the structure of the country, the more unstable there will be; within three industries in one country, that is not conducive to the stage of industrialization of the country as soon as possible.The last chapter , the thesis comes to the conclusions and gives six policy recommendations: First, establish and improve the legal system of the carbon finance market; Second, build a multi-level trading platform; Third, intensify policy support; Fourth, develop financial derivative products of carbon; Fifth, promote the development of financial intermediaries about; Sixth, improve and spread the human understanding of carbon finance; Seventh, promote the development of low-carbon technology and the rise of low-carbon industries. During the three decades of the reform and opening up in China, there is a rapid development of Chinese economy. But at the cost of over-exploitation of resources, there appears the problems of the irrational industrial structure, and so only with the construction of economy society based on the carbon finance will there be a path to the economic and social sustainable development.
Keywords/Search Tags:Carbon Finance, Industrial structure adjustment, Low-carbon Economic, Impact Mechanism
PDF Full Text Request
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