A Research On Emission Allowance Trading System In China

Along with the increasingly serious environmental problems, governments try to apply economics principles, like price, tax, finance, credit, charge, insurance, to environmental policy. The emission allowance trade system is one of them. This policy can promote the enterprise to reduce the emission and improve the emission-reducing technology with minimizing the social pollution control cost, and the government can control the environmental condition more flexibly. The polluters under this emission allowance trade system regard emission reduction not only as technology and compliance management, but also economic evalution, through the prediction of the emission allowance market price and the calculation and analysis of the emission-reducing cost, and integrate the environmental management and financial control. This article summarises and compares the emission allowance trade practice in USA, Europe and Japan, considering different politics, law, social background, and conlude the factors of the implemention of the emission allowance trade system. Then analyze the practice in China with the factors, and give the point in the development of the emission allowance trade system in China and the management suggestion of the pollution enterprises.This article has four parts: (1) chapter one and two introduce the research background and review, illustrating emission allowance trade theory's principle, characteristic, essential factor as well as comparison with other related policy; (2) the third chapter analyzes the development and experience of the emission allowance trade in USA, Europe and Japan, and the performance of the stakeholders; (3) the fourth chapter, under the analysis of chapter three, break down the design of emission allowance trade system into four parts: basic element, the initial allocation, the trade management, and the supervision , and analyze the influence of administration, law, technology, the public, and pollution enterprise into this four parts; (4) the fifth chapter to the seventh chapter introduce the practice in China and conlude the condition of the factors, and give the proposal of the emission allowance trade system's development in our country as well as the pollution enterprise's management.