The Research Of China’s Carbon Tax And Carbon Trading Mechanism

With the rising in global population and growing in economic scale,global warming has become the most serious challenge in the world,and the excessive emissions of greenhouse gases caused a widespread concern of people around the world.It is estimated that Chinese carbon dioxide emissions will grow to80million tons,and become more than the United States to be the largest emitter.The countries around the world now are avtively move into a low-carbon economic trends, so China has a great deal of external power in developing the path of low carbon,and the pressure of reducing carbon dioxide emission increases day by day.Currently, counties in the world take two measures which are government regulation and market regulation to curb carbon dioxide emissions and to prevent the worsening environmental pollution and the greenhouse effect. Specifically, for the Price control tool-a carbon tax and the number of regulatory tools-carbon emissions trading. Compare with the developed countries in EU, our country still remain at a preliminary level of reduction. Therefore, it is necessary to do a theoretical analysis and empirical research to the carbon tax and carbon trading, and finally, through the comparative analysis to explore suitable emission reduction method for China.This paper through a series of research and comparison from a different perspective to the China’s carbon tax and carbon trading,and then analyzing on the idea of dual control policy and discussing of the feasibility of implementing. It can be divided into three modules:The first part analyze the carbon tax。Since China has not begun to collect the carbon tax, this paper chooses to use resource tax Instead of the carbon tax in the empirical analysis to study the specific impact of its tax on the national economy. And also exploring a simple design of China’s carbon tax collection system; the second part uses a similar structure to analyze the system of carbon trading specifically. The structure includes the analysis of factor influencing China’s carbon trading prices and discussing the SWOT feasibility of the implementation of the carbon trading mechanisms. And it uses the analysis to build a preliminary framework of China’s carbon emissions trading system. The third part summary and analyze the conclusions of the above parts. And this part uses the analysis of carbon emission reduction efficiency under the common control of two tools to get the feasibility of dual control policy drawn. Finally, under the national situation and the policy environment of the specific market, this paper indicates that China should learn from the "Australian model" to take a phased reduction. On ones hand, starting carbon tax in short term to promote the adjustment of industrial structure. And on the other hand, making the emissions trading scheme to become the regulation-led approach in long term.