Research On The Development Of The EU Carbon Finance Market

Low carbon economic transformation has become an economic development of the world's trend. Low carbon economy is not only an economic vision that is a social engineering. Development of carbon financial can promote social capital to flow direction low carbon market and promote technological innovation of low carbon, at the same time, premise on the development of low-carbon economy, in a word,low carbon economy is inseparable form the maturity and development of carbon finance. For our country, the practice of the experience of develop countries are important lessons. The European Union (EU) which has extensive experience in the financial market development and has also achieved tremendous success is the earliest regional established carbon emissions trading system. Therefore, research on the EU experience in building carbon finance market for the construction of carbon finance market and improved has a great reference.On the basis of research on the EU carbon finance market history and current situation systematically evaluates the performance of its operation and points out its problems and reforms, summarizes the construction of carbon finance market situation and problems simultaneously. By comparing the EU carbon financial markets and carbon trading system, raise a few pieces of advice about the construction of carbon finance market and carbon finance system in our country.This article is divided into six chapters:The first chapter introduces some of the background and significance of the article topics, research status, research methods and the arrangements and the main content of this paper.The second chapter which is the general analysis of the carbon finance market describes the basic concept of carbon finance market, the major player of carbon finance market and carbon-related policies and regulations, emissions permit system and the role of financial markets. Carbon finance market is defined by international law under the law related to sale of the main greenhouse gas emissions targets of the standardization of the market. A sound carbon financial law is established by EU which strong support for carbon emissions trading system, raise awareness of the importance of environmental protection by people and the importance of low-carbon technology innovation by business, promote the development of the EU low-carbon economy. Construction of the carbon financial market which is the only way for the development of low-carbon economy has an important significance on development of human society and promotes low-carbon economy technology transfer and green investment, it is an important means of developing low-carbon economy.The third chapter examines the EU's carbon finance market and development process. According to the EU greenhouse gas trading system (EU ETS) in the construction process and the development of carbon finance market it will be divided into three stages, the start-up period (early 20th century-2005), the development period (2005-2007), the reform period (2008-present).The fourth chapter describes the operation of the EU system of carbon finance market. It first introduced the finance markets of the EU greenhouse gas carbon emissions trading scheme (EU ETS) principles; Then introduces the EU greenhouse gas trading scheme implementation steps; Re-introduced the EU carbon trading market platform for building and carbon financial market price adjustment mechanism, the price of emission rights is affected by many factors, both from government intervention and also self-regulated market.; Finally, the United Kingdom as an example of the EU's greenhouse gas trading system is how to play a role.Chapter of five had made evaluation on the EU carbon market. To the evaluation for the EU carbon finance market of performance, the article evaluated in four areas which are reducing greenhouse gas emissions, improving business performance, growing of the low-carbon financial industry, and promoting prosperity in the international carbon finance market to get the following results:First, through data analysis, the EU effectively reduce carbon financial markets in the greenhouse gas emissions; Second, carbon emissions trading system allowing companies to improve the implementation of low carbon technology which improve the performance of enterprises; Third, EU financial markets through the construction of carbon, making the financial industry has a new stage, creating many new financial products, and promoting the prosperity of the financial sector; Fourth, the construction of the EU carbon finance market for the construction of the global carbon finance market provides a template, a model of low-carbon economy. In short, the construction of the EU carbon market has achieved good financial results.Chapter six which is the EU development carbon implications for china financial markets describes the status of the construction of the carbon financial market, China's carbon trading mechanisms in financial markets is not perfect, not enough trading platform, trading products, lack of other issues. Then, by comparing the analysis, on the basis of the similarities and differences between the EU carbon financial market and the construction of carbon financial market in our country, some suggestions and reform directions are put forward aim at the development of low-carbon economy and building a carbon finance market in our country.