The Establishment Of International Carbon Emissions Trading Scheme With The Chinese Carbon Market

Seriously affecting human society's sustained development, climate change has caused great concerns form the international community. The booming emission of greenhouse gas (GHG) is the major cause of the Climate Change, therefore, international cooperation in climate change was made broadly to decrease climate change and reduce the emission of GHG for the past years. and are the most successful international effort to meet the challenges brought by climate change. The Protocol set a headline target for greenhouse gas emissions cuts---5 percent from 1990 levels. However, the quantitative ceilings were not applied to developing countries. As the cost of GHG cutting differs between developed countries and developing countries, the Protocol innovated three systems to facilitate the emission trade in international level, which were known as IET,JI and CDM. Under the Protocol system, the international carbon market emerged, by now, the EU Emission Trading Scheme and Chicago Climate Exchange System are two of most mature marketClimate change are also rising threats to china, as a representative of developing countries, China should take an active role in international climate change cooperation. Although there was no GHG cutting target for china in the first stage under the Kyoto Protocol, the international community is now exerting lots of pressures to China.Through briefly introduction of the international emission trading system, the paper aim to path a way for China's effort to meet climate change and sustained development.