Study On The System Optimization Of Provincial Carbon Emission Quotas In China

China put forward a target of40-45%carbon intensity reduction in2020, whichenables China stand in the forefront of countries addressing climate change onCopenhagen Conference. How to achieve the emission reduction target of China aswell as the coordinated development of economic, society and environment havebecome urgent needs at the present stage. Considering the national conditions thatChina is still in the industrialization and modernization development process and percapita carbon emission is also relatively low, this paper intends to study the system ofcarbon emission quotas optimization in the domestic pilot provincial regions, on thebasis of comparative analysis of international carbon emission quotas theory andrelated practical experience, combined with the allocation system of sulfur dioxideemission and chemical oxygen demand quotas during the "Eleventh Five-Year" periodestablished by China’s Ministry of Environmental Protection, and experiences fromemission quotas trading practice in the area of Jiaxing, Zhejiang Province, whileensuring China’s developing right. It includes the targets of carbon intensity reduction,the scope of emission reductions, the allocation of carbon emission quotas, theprescription of liquidity terms, the establishment of monitoring, reporting, verificationand punishment mechanism, the construction of quotas trading market and thedevelopment of trading products, in order to provide operational strategies and pathselections to implement China’s carbon intensity reductions. The innovations of thispaper are mainly as follows:First, the start of study on carbon intensity reductions in China is relatively late,and mainly confined to the national level. This pager intends to predict the carbonintensity of four regions of eastern, central, west, and northeast divided according toChina’s provincial regional development status, on the basis of surveying theireconomic development levels and carbon emission intensities and implementationpaths of carbon intensity reductions are also recommended to achieve innovation inresearch perspective.Second, this paper utilizes multi-disciplinary theories and methods of institutionaleconomics, law and economics, and environmental economics, and software Eviews to analyze the relation between per capita carbon emissions and per capita income inthe provincial regions of China. It also puts forward the principle of per capita carbonemissions as the basis of domestic quotas allocation, and then converts the relativecarbon intensity reduction target based on GDP to mandatory total emission reductiontargets of the provincial areas, which achieve innovation in research methods.Third, this paper intends to build an unified national carbon emission quotastrading market as well as a series of matching system that includes financial and taxincentives, carbon emission quotas storage platforms, quotas trading products and themarket system etc., which achieve innovation in the research content.