A Study On The Establishment Of Carbon Finance Market In China

Since the Kyoto Protocol came into force in2005, the carbon financial markethas been well developed gradually beyond the seas. However, the carbon financialmarket in China is still at its primary phase. In fact, there is no real carbon financialmarket and carbon emission trading in China. Facing the issues about what carbonfinance is, why China needs to develop the carbon financial market, what problemswould emerge if China develops carbon financial market and how to develop themarket, no authoritative organization and personnel in China has carried outsystematic research on the development of practice in carbon financial market.Centering on the questions above, the logical structure of this thesis is organizedinto the following chapters. The first chapter is introduction which brings forward theimportance of the research, the core problem of the research and possible innovationsof the thesis. The second chapter is literature review which summarizes theachievements of former researchers. The third chapter introduces four typical aspectsof carbon finance practice in foreign carbon financial market: carbon finance regime,carbon finance organization, carbon finance product and carbon finance system. Thefourth chapter focuses on the problems that exist in the course of developing carbonfinance. The fifth chapter puts forward the policy proposals on how to develop carbonfinance market in our country by comparing the foreign carbon finance practice. Thesixth chapter summarizes two patterns of developing carbon finance in the developedcountries: the first mode is government-dominant and market-based, and the second ismarket-dominant and government-based.