The Legal Issues Of China's Emissions Trading System

In 1990s', building a harmonious society and the cycle of economic development as a goal of the effort has become common practice in the international community. The emissions trading system based on the concept of sustainable development and resource market allocation rules is a vivid interpretation of abovemention model of economic development applied to the field of environmental protection. As a product of change of philosophy and institutional innovation,the emissions trading system, I think the research that the emissions trading system for environmental protection in China and even the development of the financial has great theoretical and practical significance.There are two main parts of this thesis: introduction and text.I illustrate the purpose of writing the thesis that is to clear the important role of emissions trading system through describing the tremendous pressure on the environment of international community currently, describing transition issues of economic and social development of China,to show the meaning of study on emissions trading system. I expect that the conclusion on some of the problems in Emission Trading System that shall be attention while summing up the international or domestic theory and practical experience and expect to provide some useful information and reference for the construction of China's emissions trading system. The text is divided into seven chapters.The first chapter is the origin of emissions trading system and economic theory, describes the policy process of the development of emission rights in the U.S., analyzed the theoretical basis of emissions trading systemChapter II focuses on the legal nature of emission rights. From the particularity of emission rights, and the relative ratio of traditional property rights, then discussed the legal property of emission rights, and got the legal definition of emission rightsChapter III analyzes the specific practice of the international and domestic emissions trading system, and thus leads to obstacles on the construction of ideology and technology, management of the emission trading system .Chapter IV describes the existing basis and systems of initial acquisition of emission rights and obtains overviews on the initial emission rights from capacity and discharge permits of the emission rights.Chapter V from regulatory bodies, access rules, trading procedures, and the point of monitoring system, combined with the actual situation of China's emissions trading system, focusing on how the secondary market of China's emissions trading system.Chapter VI from the relatively perfect system of carbon finance-related research of the development of modern society, hoping to play the whole development of emissions trading system for reference and result in a wider coverage of emissions reduction system.Chapter VII from the legal regulation, distribution system, market place and regulatory mechanisms of emissions trading system in China, to give personal recommendations, in order to build on our current emissions trading system for reference...