Research On Carbon Finance Law

The physical impacts of climate change are having an effect on mostsectors of the world economy—rich and poor, agricultural, industrial, andservice. No country, corporation, or individual is exempt from this risk.With signing Kyoto Protocol, more and more countries begin to takemeasures to coping with climate change. One of measures is carbonfinance. Carbon finance explores the financial implications of living in acarbon-constrained world—a world in which emissions of carbon dioxideand other greenhouse gases carry a price. But the carbon finance law hasnot been constructed in China. By using the methods of comparison andanalysis, this article will introduce several questions about carbon finance:firstly, this article indicates the legal meaning, the system and themechanism of carbon finance law. Secondly, it introduces the basis ofcarbon finance law--Law of the People's Republic of China on ConservingEnergy, Law of the People's Republic of China on Renewable Energy etc.Thirdly, it demonstrates some legal systems about carbon finance fromcurrent laws. Finally, by indicating the law of UK fund I put forward someinnovations involving the carbon fund law of China. In a word, we mustdo a great many researches immediately, take measures to protect people'senvironmental rights and construct carbon finance law gradually.