The Research Of The Carbon Financial Model In China

It is necessary, for the government of China,to construct the system of carbon finance to answer the the climaticissues. The carbon finance issues from the emission of the greenhouse gas, including all the financial activities which serves for the reduction of greenhouse gas emission, and other related financial system. In the exciting modes of carbon finance, the system of carbon trading is the center of carbon finance. Other carbon financial activities provide services for it. These activities dispersive risk and obtain gains through the market of carbon trading in practice. And through the price mechanism, the market leads the economics to development in a low-carbon way. It has been proved that the way of the reduction of emission is effective in practice. So it is the key for the system of carbon finance to build a proper carbon trading system. Only in this way,can the market mechanism play the full roles in the reduction of the green gas emission, to reduce emissions cost and make the society develop in a clean and sustainable way.The ultimate objective of the activities of carbon finance is to meet the purpose of capital, which is pursuit of profits.The market mechanism is necessary for achieving this goal. Only through trading, can the investors get profits from the reduction activities. The system of carbon trading is the critical factor of carbon financial activities. So the system of carbon trading should be the core of the carbon financial system in China. And the financial activities play the auxiliary function in the system. Through the carbon market mechanism, the uncertainty risk in the process of reduction can be declined, the liquidity is increased. The price mechanism can play full role in guiding. So the consructing of the carbon financial system in China equivalents to the carbon trading system.Based on the study of characteristics of Chinese economy, combined with the experience of foreign carbon financial system, i try to build a carbon trading system, which is suitable for China. In this paper i use the method of multiple comparisons to analysis the famous carbon trading systems, and summarize the successful experience and deficiencies. Then according to the industrial economy theory, i analysis the current economic structure in China. Based on the characteristics of the current Chinese economy and society, i analysis the feature of the greenhouse gas emission and the crucial factors,which the emission reduction. Finally, based on the national conditions in China and reference the successful experiences of international carbon trading systems, i try to establish a carbon financial system which is adoption for Chinese economy in this paper.