Research On International Carbon Trading Mechanism Of The Pairs Agreement

"Anthropogenic climate warming" which refers human greenhouse gas emission activites leading to climate warming has been turing out to be a consensus in both natural and social sciences.Following the traditional thoughts of environmental pollution prevention and control,limiting greenhouse gases emission from human activities has become one of the main measures to cope with climate warming.Under the theory of environmental property rights,after the "hybrid propertilization" of the atmospheric capacity,the government has the control power to intervene in greenhouse gas emissions,the private entities have the carbon emission rights which can trade freely.From the perspective of ecological modernization theory,carbon trading mechanism replaces the "command-control regulation" with the "regulatory market mechanism" to deal with climate change,which is regarded as an effective tool to achieve economic structure greening.Under the international climate governance system rapidly established by the Convention and the Protocol in the 1990s,the developed and developing countries have gradually in opposition and rigidity on the“differentiate responsibilities" around mitigation.Driven by the U.S.,international carbon trading came into being,conflicts were alleviated at some extent,and the mitigation action was motivated.The three flexible mechanisms of the "Kyoto Protocol" laid the foundation for the international carbon trading market,which effects the gradual birth of the national and regional carbon trading mechanisms.Carbon trading is controversial for attempting to"commoditize" and "capitalize" the atmospheric capacity of all human beings,aggravated by the insufficient effectiveness of the international carbon trading to slow greenhouse gas emissions throughout the Kyoto era.However,carbon trading has become a tireless business entity for creating a new interest chain,and it has also opened up the game of interest and discourse power to induce politicians to move around.Before the Paris Climate Conference,supporters of carbon trading started the defense of the international carbon trading mechanism of the Paris Agreement.The Paris Agreement eventually established a new international carbon trading mechanism which includes the "International transferrable mitigation outcomes" mechanism and the mechanism to support sustainable development.The former uses the International transferrable mitigation outcomes(ITMOs)as an international emission unit to conduct carbon trading between countries.The latter is a credit emission reduction mechanism that resembles the CDM.The "Paris Agreement" substitutes the "bottom-up" national determined contributions for the traditional obligation model of "absolute dual-track system",making the "collective outcome obligation" was replaced by the "individual action obligation".The "cap" of carbon emissions at the international level does not exist,affecting the changes in the structure of the international carbon trading mechanism.the sector-base credit emission reduction mechanism came into being,in order to eliminate the flexibility of the traditional project-based credit emission reduction mechanism,leading to the mode of the credit emission reduction mechanism changing.The new international carbon trading mechanism aims to promote mitigation actions in developing countries,thereby activating global low-carbon development strategies,however it might have the hidden trouble of ineffective mitigation.The International transferrable mitigation outcome provides an institutional bridge for linking national and regional carbon trading mechanisms,and it might open a battle for international carbon trading markets among countries,and it also creates opportunities for sovereign currencies to "regionalize" or "internationalize" by international transferring.The International transferrable mitigation outcome provides an institutional bridge for linking national and regional carbon trading mechanisms,and it might open the fight among countries for international carbon trading markets,and it also creates opportunities for sovereign currencies to realize the "regionalization" or"internationalization" by international transferred mitigation outcomes.The China has started up the national carbon trading mechanism after the carbon trading pilot,which coincides with the transformation of the international carbon trading mechanism.China's carbon trading mechanism has the strategic significance of impelling domestic low-carbon transformation,China's economic interests safeguarding in participating in international carbon trading,and shaping the leading role of China in international climate governance.In the era of the Paris Agreement,China faces the strategic choices and institutional challenges of whether and how to participate in the new international carbon trading mechanism.China should actively seek the capacity building cooperation of the international carbon trading mechanism,and actively explore and gradually connect with the international carbon trading mechanism.Meanwhile,China needs to improve the legal system of domestic carbon trading mechanism,and eliminate the operational risks the national carbon trading mechanism may exposed due to weak emission regulation and control,improper power intervention,poor information disclosure and incomplete supervision and enforcement.