Emissions Trading Theory And Its Practice

As China's urbanization and industrialization are continually deepening, and the increasingly serious environmental pollution, how to effectively control pollution is a very pressing issue in China. In the thesis, the author proposes learning from the experience of environmental governance of abroad and using emissions trading to resolve governance issues.In the thesis, starting with the basic theory of emissions trading, the author explained the concept, principles and features of emissions trading and proposed the basic problems of designing it. Using Institutional Economics Theory such as external theory, property rights theory, transaction costs theory and Coase Theorem analysis the theory root of the emissions trading. Think it is effectiveness in resolving the pollution. In the role of the market mechanism, through property rights clearly defined, lower transaction costs (narrow transaction costs) can effectively reduce the costs of pollution control while achieving effective deployment of environmental resources. Described the development and implementation of emissions trading in the United States and summed up the references to China through compared for the systems of the United States. The author analyzed the situation of international emissions trading market and the available opportunities in China. Summed up the experience of china and analyzed the exist problems. Finally, Called for the establishment and improvement of China's primary and secondary trading market, the emissions trading play a more important role in environment governance in China.