Analysis And Revelations Of Overseas Carbon Financial Market Operation Mechanism

Rapid development of global industrialization is causing irreversible pollutionwhile brins rich material and great convenience to human beings. Academics in the70’s of the last century have generally agreed that global warming is a major climaterisks and excessive CO2emissions are blamed to cause warming. It is a commonproblem for all countries in the world to face the climate issues in the21st century.Although positions and acts to the climate changes are contradictory and pendent, apowerful and sapiential international climate system involved global politics,economy, environment and technology has quietly formed and constantly developedafter the passing of the United Nations Framework Convention on Climate Changeand the Kyoto Protocol. Environment managing is an urgency, energy-saving andemission reduction is a glob-al consensus. The low carbon economy cannot behindered. At the same time, carbon finance becomes the key low-carbon economicinstruments because of its widespread interest basis. Thus, it is an effective way forall countries to develop a low-carbon economy by mature carbon markets and perfectoperation mechanism.China, as the world’s second-largest economic entity, is one of the world’sbiggest emissions market. It is significant for our country to develop the carbonmarkets and to study the mechanism, which can achieve a win-win situation toreconstruct the environment. That is, obtaining the funds and technology to improvethe environment while promoting energy-saving emission reduction. For now, ourunderstanding of the carbon market is not yet in place and our carbon financialmarkets is not mature enough. It is necessary to absorb overseas advanced theoretical and practical experience to complement our carbon financial market system, improvethe efficiency of carbon trading in China, assistant the policy making, promoting thetechnological innovation, reducing the cost and CO2emissions and ultimatelyimprove the deteriorating ecological environment in China.This paper will address the research results and practical experiences of theoverseas carbon markets summarizedly and systematically on the basis of past studies.Combining with the analysis of the development of our carbon markets, this paperwill provide rational and reasonable proposals in order to build the "Chinesecharacteristics" carbon market.This paper is divided into five chapters:Chapter Ⅰ: Introduction. Put forward the significance and research methodsafter Describing the situation of global climate change, process of energyconservation and emission reduction actions and factors of global carbon markets.Meantime, point out the innovative points and shortcomings.Chapter Ⅱ: The analysis of International carbon financial issuance marketoperation mechanism. This chapter will put forward rational proposals to build carbonfinance issuance market in China by stating operational mechanism andcharacteristics of the carbon finance market in the developed countries, combinedwith the carbon finance market situation in China.Chapter Ⅲ: The analysis of International carbon financial trading marketoperational mechanism.This chapter will summarize the Status Of Development andcharacteristics of overseas and China’s carbon trading, seeking methods andapproaches in the overseas market used by our carbon finance market.Chapter Ⅳ：Analysis of the international carbon finance product development.This chapter will introduce the various and multifunctional oversea carbon financeproducts respectively, and guide the finance product innovation direction for ourGovernment and financial institutions on the basis of outlining the carbon finance products in China.Chapter Ⅴ：The analysis of the international carbon finance pricing mechanisms.This chapter will analyze the pricing mechanism of overseas and Chinamacroscopically. Aiming at our bargaining power dilemma, there will be severalrational proposals to raise my voice in the international carbon market.