The Development And Prospect Of International Carbon Trading Market Under The Background Of Low Carbon Economy

With the rapid development of world economy,the economic development at the expense of sacrificing the environment of world’s people has not been able to satisfy the sustainable development of the human world,at the same time,people’s awareness of environmental protection has become increasingly enhanced,the importance of environmental protection has been gradually recognized by people and the government all over the world.In the late 1990 s,the low carbon economy was first mentioned in the literature written by Kinzig and Kammen in the form of a term.Besides,the term "low carbon economy" was first published in the official document in 2003,when Blair,then prime minister,issued "our future energy,the creation of a low carbon economy",the British government proposed to achieve the development of low-carbon economy and establish low-carbon economic and social goals,and control carbon dioxide emissions year by year.And make the carbon dioxide emissions were reduced by 20% in 2020 in the basis of 1990,a decrease of 60% by2050.The white paper seeks to achieve greater economic output by increasing the productivity of resources and reducing carbon emissions.Taking a broad view of the development tools of low-carbon economy in the world,carbon emission is the most important policy tool in the world,bring the economic benefits and environmental benefits for countries.since the "Kyoto Protocol" established three mechanisms of development of international carbon market,the carbon emissions trading market has been established and developed rapidly.According to authoritative forecast,in the future,carbon emissions trading market is expected to exceed the oil market to become the world’s largest trading market.At present,the global carbon trading market is in the early stage of development,the trading mechanism and trading system are constantly exploring anddeveloping.Also,there has been a lot of problems during the development.With the deepening of consensus on climate issues in the world,the future development prospects of carbon trading market will be further expanded.Starting from the origin and connotation of the concept of low-carbon economy,this paper illustrates the necessity and urgency of developing carbon trading market under the background of low carbon economy,introduces and analyzes three kinds of emission reduction mechanism of carbon trading market,the emission trading system,trading subject,trading object,price formation mechanism and so on to prepare for the construction of the China’s carbon trading market.After exploring the main obstacles encountered in the development of the global carbon trading market,combined with the world’s climate change policy,the global carbon trading market trading scale,the concept of low-carbon economic development and so on,this paper prospects the future development trend of the international carbon trading market shallowly.Finally,China,as an important member of the world economic system,the development of carbon trading market has been concerned by the world.Through a comprehensive analysis of the development experience of the major international carbon trading market,this paper would give some suggestion for China’s national carbon trading market established in 2017 and future development.