| In recent years, caused by climate change, the global ecological environment deteriorated and it made not only economy but also the human society's sustainable development getting worse.Countries in the world held the United Nations Climate Conference frequently to make out the solution to environmental problem which caused by climate change, respond to the global challenge actively.In February 16th, 2005 Kyoto Protocol into effect,promoting the development of global carbon trading market. Kyoto Protocol proposed three mechanisms,including Emissions Trad,Joint Imlementation and Clean Development Mechanism,which provided a new approach to solve the problem of greenhouse gas emissions.The mechanisms make greenhouse gas emission as a commodity,through the market mechanism for trading carbon emission rights,and achieve the purpose of reducing greenhouse gas emissions ultimately.China as the largest developing country and economy of the world,must establish its carbon emission rights trading mechanism and make it been improved.This paper is base on the study of theoretical and practice of international carbon emission rtghts trading market,analysis the status of Chiese carbon emission rights trading market,try to design the framework of Chiese carbon emission rights trading marke,and then make the framework perfect from the initial allocation of carbon emission rights system.
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