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The Status Quo Of China's Carbon Trading And Case Study

Posted on:2011-03-25Degree:MasterType:Thesis
Country:ChinaCandidate:Y WangFull Text:PDF
GTID:2196330332958531Subject:International law
Abstract/Summary:PDF Full Text Request
Since the 1970s, global climate change has become a hot issue within international environmental law field. The four IPCC reports have made sure that there is a casual relationship between the greenhouse gas emissions caused by human activities and the global warming. Therefore, the "United Nations Framework Convention on Climate Change" and the "Kyoto Protocol" have been successively adopted by international community as the basic legal framework for international cooperation to deal with climate change. Especially in the Kyoto Protocol, quantitative emission reduction standard was determined for annex B parties, and the three flexible mechanisms came into force, which means the international carbon trading system was formally set up. On one hand, according to whether bear any domestic or international obligations, carbon trading can be divided into mandatory emissions trading and voluntary emissions trading; and on the other hand, according to the different ways of the production of emissions reduction units, carbon trading can also be divided into quota-based and project-based. AAUs, EUAs, CERs, ERUs and VERs are different emissions reduction units and China as a developing country can only trade CERs and VERs. Because the Kyoto Protocol is going to be expired in 2012, COP15 and CMP5 was held in Copenhagen, Denmark last December to try to create a new international legal document. Although the final result is unsatisfactory, the Copenhagen conference still can be regarded as a successful transition files.As a developing country, China is not assumed the obligation to reduce emission. How should it take part in the international carbon trading in a more active way? What should China do to fulfill its commitment of reducing 40%-45% carbon emissions unit of GDP in 2020 compared to 2005? This article aims to disentangle all kinds of current international emissions trading and further discuss two kinds of carbon trading: the Cleaning Development mechanism and national Voluntary emissions reduction activities, as well as try to put forward some ideas concerned to China's carbon trading development.This article consists of three chapters and counts up to 39,750 words (main body only).The first chapter is"the background of carbon trading." This chapter describes the origin of global climate change, relevant international background and existing kinds of carbon trading.Chapter II is about "kinds of carbon trading which China participate in." This chapter introduces the CDM project activity and domestic voluntary emissions reduction, discusses the legal basis of CDM project, requirements to be met and various kinds of subjects involved in detail. I also do some case analysis about domestic CDM project and VERs, and made my own comments.Chapter III is "the development of China's carbon trading in the future." This chapter mainly analyses the plight and countermeasures of CDM project in China, and visualizes how to develop domestic voluntary carbon emissions reduction trading system.The above is the main idea of my dissertation. Wish for your comments and advice sincerely.
Keywords/Search Tags:"Kyoto Protocol", CDM, VERs
PDF Full Text Request
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