A Study On The Administrative Regulatory System For Carbon Emissions Trading

In order to cope with a series of problems arising from climate change,carbon emissions trading as an effective mechanism,its main use of market mechanisms to control and reduce the total amount of greenhouse gas emissions to achieve the purpose of energy saving and emission reduction,improve the carbon emissions trading system helps to achieve nature conservation and promote the sustainability of global resources.Carbon emissions trading was first implemented in the European Union and the United States,and China started the pilot work in 2011.After nearly ten years of pilot construction,the national carbon emissions trading market began to operate officially in 2021.The relevant market is becoming increasingly active,with significantly higher turnover and gradually expanding trading scale.However,as the carbon market becomes more robust,a series of issues arising from the trading process also need to be addressed.On the one hand,the virtual nature of the object of carbon emissions trading and the asymmetry of information on the trading mechanism have aggravated the risks of trading,and in practice,there are also acts that seriously undermine the order of the trading market,such as tampering with and falsifying test reports and fabricating false emission amounts by emission control enterprises;on the other hand,carbon emissions trading is still a new type of trading,and the relevant regulatory system is not perfect,and the disciplinary measures for the aforementioned acts under the existing regulations are mainly In practice,the penalties imposed by local authorities are mainly limited,given the differences in localities and the low level of penalties.How to effectively regulate the smooth operation of the carbon emissions trading market,while giving full play to the positive role of the market,is a problem that must be solved as soon as possible in the current carbon emissions trading system,and is also an important part of this paper’s research.This paper begins with the necessity of administrative regulation of carbon emissions trading,and provides a justification for the construction of administrative regulation of carbon emissions trading.Based on the dilemma of administrative regulation in the pilot regions,this paper summarises the gaps in the legislative system and the deficiencies in the regulatory system in practice,firstly,the legislative level will be improved by drawing on the effective experience of the European Union countries to improve the legislation at the central and local levels,and pointing out that local pilots should appropriately abandon the normative documents and formulate local regulations as the legal basis for regulating the carbon market.The paper will also explore the shortcomings of the carbon market in practice from the perspectives of the main body system,market trading rules,regulatory penalties and regulatory measures,and introduce effective regulatory measures for the financial market to improve the administrative regulatory system of China’s carbon emissions trading market.This paper seeks to maintain the stable development of a nationwide carbon emission market through administrative regulation without undermining the vitality of the carbon market,so as to reduce the cost of emission reduction for society as a whole and achieve the optimal allocation of carbon emission reduction resources,thereby achieving the goal of carbon neutrality in China as soon as possible.