The Study Of Concept Of China ETS

With the upgrade attention of the global warming problem all over the world, people take steps to slow the greenhouse gases increase. The European Union and other developed countries have set up their own ETS(Emissions trading system)to fulfill their compliance in "Kyoto Protocol" and"Copenhagen". It is time for China to establish our own emission trading system. In this paper, firstly we introduce and compare the mature emission trading markets in the world and then set a Lagrange function model and found the GHG/GDP exert an influence on the emission rights trading. At last, we will present a tentative concept of ETS in China.The innovative achievements of this paper are as following:1. Comparing the mature emission trading systems of the countries from six different dimensions and finds their advantages and disadvantages.2. Construction of the greenhouse gas emissions trading system in the general framework of the emerging countries for future trading system provided a good reference templates.3. Introducing the Lagrange function to set the emission rights trading model in greenhouse gases market and then make the empirical study to discuss the trend in the emission right in greenhouse gas market.4. Different from the most of the papers which study the emission rights in greenhouse gases market, this paper analyze the emission rights from the angle of sellers, such as China and presenting a tentative concept of ETS in China.