A Study On The System And Market Differences Between EU And Chinese Carbon Emissions Trading

Greenhouse gas emissions and global warming have become important topics in environmental governance and sustainable development around the world.The carbon emission trading systems of all countries have gradually developed,and more and more industries have been included in the scope of supervision of the carbon trading system.Chinese airlines have become the first Chinese entities to participate in the EU and China’s carbon emissions trading system.The policy differences and market price fluctuations of the two carbon emissions trading systems directly affect the cost of Chinese airlines fulfilling their greenhouse gas emission reduction obligations.This paper analyzes the policy framework of the EU and Chinese carbon emissions trading system and compares the core elements of the two carbon emission policies and regulations.An empirical study on the price fluctuations of EU and Chinese carbon allowances is introduced.The market price fluctuation analysis is established through time series model.Finally the case of Chinese airlines participating in the EU and Chinese carbon emissions trading system reflects the impact of policy differences and market price fluctuations on the performance of Chinese airlines greenhouse gas emission reduction.This paper provide reference and recommendations for emission reduction obligations,trading carbon allowances,and management of carbon assets for the Chinese entities involved in the carbon emission trading system through policy research,carbon quota price measurement analysis and carbon trading case description.