Research On The Standardization Of The Realization Of China's Emission Guarantee

China is the largest laboratory of ecological civilization system innovation.The emission right guarantee loan system introduced after the emission right trading system is not only an extension of the emission right trading system,but also an innovative meas-ure of atypical guarantees and green financial systems.The empirical investigation found that Zhejiang and other provinces have issued normative legal documents for emission credit guarantee loans,and Fujian and other provinces have also extensively carried out pilot financial business of emission credit loans,with significant effects.But practice has also exposed an important issue,namely how to ensure the standardization of the imple-mentation of emission rights guarantees.For banks,this involves the risk expectations and risk control of the emission guarantee loan business;for the emission rights subject,it is related to whether their legitimate interests can be protected and realized,and for the government,it involves the emission rights effective implementation of the trading sys-tem.It can be seen from the normative legal documents and trials in various places that most of the claims are realized through market transfer or government repurchase.But do market transfers or government repurchases need to follow general or special rules?Apart from market transfer or government repurchase,is there any room for other im-plementations to be generated?The above questions urgently need to be answered by theory and practice.In a nutshell,the theoretical research and practical exploration of the realization of emission guarantees in China are still in their preliminary stages.Whether it is in the overall implementation system or in specific implementation methods,there is still a standardization of the implementation of emission guarantees construction issues.The article takes the legal normative documents issued in various places concerning the implementation of emission rights guarantee as research objects,obeys the research ideas of finding problems-analyzing problems-solving problems,and comprehensively using normative analysis methods,empirical investigation methods and big data analysis methods.This research method firstly clarifies the conceptual characteristics and value function of the realization method of emission right guarantee.On this basis,point out the implementation methods of emission right guarantees,such as market transfers,gov-ernment repurchases,and other problems in the standardization of construction,and then put forward specific suggestions for improving the system or improving strategies.It is hoped that through the research in this article,a sound emission guarantee loan system will be established,promote the healthy and orderly development of the emission right trading market,promote the concrete implementation of green financial system innova-tion,and realize the organic unification of economic,social and environmental benefits.To this end,this article intends to carry out research from the following four aspects.First,the basic theory of the realization of emission rights guarantee.On the basis of sorting out the concepts of emission right and emission right security,this paper analyzes the conceptual characteristics and value functions of the way to realize the emission right security.Second,the standardized analysis of government repurchase methods.By sort-ing out the standard legal documents of the government repurchase method,it analyzes the problems of the government repurchase method in terms of legal characterization,institutional basis,and funding sources,and then proposes specific improvement paths for China's actual situation.Third,the standardized analysis of market transfer methods.On the basis of combing the normative legal documents of market transfer methods in various places,three issues were raised in terms of the scope of the transfer subject,the transfer market construction,and the transfer platform construction.Finally,correspond-ing improvement strategies were proposed.Fourth,the standardized construction of li-quidity contracts.First of all,it demonstrates from the necessity and fcasibility,and sec-ondly,in the design of specific rules of liquidity contract,it clearly proposes to improve the exceptional rules and construct the evaluation rules.