Research On Interests Protection Of Investors Of Carbon Fund Trading

In the context that climate change has become an international hot issue, carbon dioxide emissions as a new emerging investment goods which has attracted numerous capital investments and the international carbon market emerge as the times requires.Carbon fund as a new derived financial tool to promote the development of carbon market has entered investors’eyes,since the Kyoto protocol will be expired in2012,and the Copenhagen conference do not reach an agreement about greenhouse gas emissions after2012,resulting in great uncertainty in the development of carbon financial market in future,which has brought about risk for carbon fund investors;besides in the carbon fund market government and corporate don’t disclosure information timely,the information asymmetry in the investment process also becomes a serious problem for investors.This article,based on interests of investors of carbon fund trading on legal theory,elaborates protection for investors in the process in detail and analyzes the type of investors as well as the legal status and legal obligations in carbon fund management and the Carbon Fund trustee,roviding a legal basis for protecting the interests of investors.In addition,it proposed the main problems about protection for investors.The conflict of carbon fund trading investors and managers on rights is the main reason.Fund managers tend to maximize their own interests at the expense of the investors’interests resulting in investors’losses.When investors’interests are harmed,they probably won’t get legal aid due to extreme differences of power and litigation of regret,besides extreme asymmetric information makes investors’vulnerable position stronger.In allusion to these issue this article put forward some solutions and ideas for limiting the behavior of carbon fund managers especially in terms of limiting carbon fund managers,improving investors’ litigation position and strengthening the supervision of fund managers furthermore to improve the disclosure system of carbon management information and possibly make contributions to the orderly development in carbon fund market and the protection of fund investors’ interests.