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The Operation Of The EU Carbon Emissions Trading System,Its Enlightenment And Reference

Posted on:2013-06-08Degree:MasterType:Thesis
Country:ChinaCandidate:R JiaFull Text:PDF
GTID:2246330371980078Subject:Finance
Abstract/Summary:PDF Full Text Request
Global warming, all kinds of weather disasters-prone, increasingly prominentenvironmental issues has attracted widespread attention and concern of theinternational community. In this environment, low pollution, low energy consumption,low emissions of green and low carbon economy development mode, walk alongeconomy and environment to coordinate the road of sustainable development, hasbecome the consensus of the international community. As a major greenhouse gas,excessive emissions of carbon dioxide is an important cause of climate deteriorationof the environment. therefore, to solve environmental problems, we must establishlong-term mechanism for promoting energy conservation to control carbon dioxideemissions. The"Kyoto Protocol"provides three flexible emission reductionmechanism.This provides a strong legal and policy support to build a marketingplatform of carbon emissions for commercial trading, set up a carbon emissionstrading system in to achieve energy-saving of the economic entity.After years of exploration, global carbon emissions trading market continueddevelopment and deepening of succession to establish more representative of thecarbon emissions trading system, such as the Chicago climate exchange system(CCX), Australian greenhouse gas emission trading system (GGAS), the UnitedStates of America regional greenhouse gas emission reduction plan (RGGI), theEuropean Union carbon emissions trading system (EUETS) etc. In these practice,carbon emissions trading system as the most effective means of sewage control in amarket economic system has been widely adopted,the EUETS total amount controlmodel,a model of market-oriented trading, is the earliest, the largest, well-runningemissions trading system, in a dominant position of he global carbon market.At present China has exceeded the United States to become the world’s largestemitter of carbon. change the mode of development, coordination of economic growth and energy saving and emission reduction is not only the slogan of policy,need as soon as possible to establish the institutional guarantee and institutionalnorms. China’s current carbon emissions trading system construction is still in thestage of exploration, because the carbon emissions trading system and the lack of law;economic development stage, development mechanism and market contradiction;regional development imbalance and the establishment of a unified trading systemand the contradiction between the financial system is weak, the lack of suchconstraints, has not yet been established to the total control mode based sound carbonemissions trading system, but mainly focused on independent and dispersion of theCDM project transaction. Although our country has been rapid development tobecome the world’s largest CDM project supply market, but in the carbon economyindustrial chain most low-end, passive sale and lack of bargaining power, carbonquotas (CERs) a market price is low, damage our country and enterprise benefit.Accordingly, draw lessons from international advanced experience, exploration ofChina’s carbon emissions trading system in the framework of ideas is of importanttheoretical and practical significance.This article take the the EU carbon emissions trading system as the main objectof study, from the EUETS formation background, operation mechanism, evaluationand enlightenment and deficiencies of four aspects systematically analyzes its systemmodel and running effect. Based on China’s carbon emissions trading system currentsituation, restriction factor analysis, combined with the EUETS practice and reformadvanced experience, put forward our country can follow: establish carbon emissionstrading law and system to determine a reasonable total carbon emissions-choose areasonable initial distribution-the establishment of multiple market-theestablishment of a sound regulatory the train of thought of the system framework isestablished to the total control of the main transaction mode of carbon emissionstrading system.
Keywords/Search Tags:The European Union, carbon emissions trading, system
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