Reserch On Carbon Finance Mechanism Of China In Low-carbon Era

Climate change has become one of the difficult problems in the21st century oreven a longer period，which is also the main subject in the fields of internationalpolitics, economy and environmental protection. Low Carbon Economy has become anew trend for the world economy and the low-carbon era is upon us. As the core ofmodern economy, Finance is one of the indispensable boosters on developing low-carbon economy. Carbon finance refers to financial solutions of climate change, it’soriginated from the international climate policy changes. As we can see, carbonfinance market will be one of the most important markets in the future, while theleading power of carbon financial is to become a national interest gambling focus.Our country is in the process of economy transition, the existed financial mechanismcan not adapt to even hinder the development of carbon finance which is differentfrom original financial fields and brand new. Our country does not have its owntransaction system, no pricing power, and also no perfect carbon trading mechanismand the talent, and knowledge and information are not enough to sustain the wholecarbon finance development，therefore，all of these contain huge systemic risks andpitfalls. Constructing perfect carbon finance mechanism，on the one hand, willcontribute to deal with the challenge of climate change and energy issues，on theother hand，will promote the development of low carbon economic healthily andorderly.This paper studies the existing problems of our country’s carbon financemechanism and major factors restricting its development. Then it summarizesadvanced experiences of foreign countries worthy of learning and using for referenceto our country after a comparative analysis of their practices for perfecting carbonfinance mechanisms. Based on the aforementioned, this paper theoretically creates aframework for carbon finance mechanisms from both the macroscopic andmicroscopic perspectives in combination with the principles for constructing carbonfinance mechanisms. Macroscopically, legal guarantee mechanism, governmentincentive mechanism, risk prevention mechanism as well as supervision and restraintmechanism are included, while market access mechanism, trading mechanism,financing mechanism and innovation mechanism are covered microscopically. Finally,specific measures are proposed to reconstruct the carbon finance mechanisms in our country, namely to speed up the perfecting of relevant laws, give more policy support,refine policy implementation mechanism, establish sound incentive mechanism,enhance the infrastructure construction of carbon finance, actively cultivateintermediary market, create an internationalized carbon trading market and perfect theinformation disclosure mechanism of carbon.