Setting The Chinese Carbon Emission Trading Market

With the greenhouse effect and climate change are more and more terrible, reducing the carbon emission attach people's focus. And as a part of the world, China has been involved in. The social and economical development have been affected .Also, international high focus and a series of measures reflect that these questions are very important now .China has signed in Kyoto Protocol, and it has no obligation to reduce carbon emission. However, China should set a national carbon emission trading market to make the emission trade lower cost and high efficient to accord with the international market and release the press of the next period of Kyoto Protocol. This research includes main six parts:First, introduce the set of this research, including the global climate change and international effects on it, Chinese climate change .And it shows international focus and measures , researchers'achievements yet .Second, analyze the theory basis of setting the national carbon emission trading market.Third, China is not involved in paradox A. If it wants to become a part of international market, get benefit and development chances from it ,China should use Clean Development Mechanism in the right way, which includes knowing its theories and features, mastering its methods as well, especially in forestry projects. Then, under the procedures of Chinese Clean Development Mechanism, we should join in international Clean Development Mechanism.The forth part, analyze the necessity and possibility of setting the carbon future market.The fifth is the main part of this research. Refer to the actual development of China, we should make the market setting on two steps. On the first step, the government distributes the rights free and trades the rights under the of the environment department; then on the second step the rights should distribute on the options market, and the rights are traded in the future market to control the risk and increase vitality of the market. On the other hand, different areas develop in different speeds, which make different areas' reducing cost is different. As a result, the factories which reduce carbon emission in high costs can invest in the developing areas to get the aim of economical development along with reducing emission.At the end, give the conclusion and suggestions of this research.According to Chinese actual development, this research makes a flame of Chinese carbon emission trading market step by step ,and its methods yet.