A Study On China's Carbon Finance Dvelopment Based On Carbon Trading Market

China's economic development facing the pressure of the resource and environment constraints is being highlights in these years. Meanwhile, the international climate policy environment also posing China a great reduction of greenhouse gases pressure. So, Developing low-carbon economy coming to be an ideal way to practice the scientific concept of development in China for maintain sustainable economic growth, and response to the international pressure. In this context, how to promote the reduction of greenhouse gases and the development of low-carbon economy is a prominent research topic in China. At the same time, in Western countries, carbon finance as a greenhouse gas emission reduction effectiveness of market-based response has been widely recognized.Carbon trading is the core of financial activity of carbon, and the carbon trading market is the core market of carbon finance. So,we can make use of the carbon trading market analysis to gain a comprehensive understanding of the carbon finance,and China's carbon finance development model can be surrounding the carbon market to expand and promoteWestern countries'carbon financial development is in the leading position. China can learn from the way of the through the development of carbon finance to promote low carbon economic development, to achieve greenhouse gas emission reduction and sustainable economic growth. The article first analyzes the statues of the world's major carbon finance markets, and makes a systematic summary of the development experiences based on the country (region). Then the development of carbon finance in China were introduced and analyzed. Incomplete market structure, scarcity of qualified participants etc. are the main problems existing. And the feasibility and necessity of the further development of China's carbon finance were given a more in-depth comprehensive analysis.With practical experience in the development of carbon finance in western countries and China's actual conditions, the article systematically elaborated China's carbon finance development model: with the promotion of market forces and administrative power, a progressive development of China's carbon finance will achieved through three-stage, which were divided by area mandatory emission reduction market and unified national mandatory emission reduction market. In the current stage of development, we must develop voluntary emissions trading markets with a serious positive attitude,and (build up a new domestic sub-market of post Kyoto-Market). In the second phase, area mandatory emissions trading markets building is the core task. Meanwhile, the voluntary emissions trading market integration should carry out and build up a new domestic sub-market of post Kyoto-Market(improve the domestic sub-market of post Kyoto-Market). Unified national mandatory emission reduction market is the mark the third phase, which the core of a level of rich, full-featured carbon finance system.