Study Of Impact Of Development Of Global Carbon Emissions Trading On Chinese Economy

With the intensification of greenhouse effect on global politics, economy and society, more and more countries pay more attention on greenhouse gas emissions. Since it relates to national interest of all countries, the countries all over the world implement the appropriate method to match the United Nations carbon emission reduction. From the effecting of Kyoto Protocol around the world in 2005, all the countries put CO2 emissions as a commodity to trade in the international markets. As the largest country implementing the Clean Development Mechanism project, China actively participates in international carbon emissions trading.To face post-Kyoto era after 2012, various countries and regions all over the world have different opinions on the second commitment periods of Kyoto Protocol . The EU expressed that they would accept the second commitment period with conditions, and some developed countries such as Japan, Canada, and Russia refused to accept; while many developing countries such as China said the second commitment period of Kyoto Protocol is so important for global climate, they would all accept. In the current situation, the study on international carbon emissions trading has significant impact on the economy in China.This article describes the basic theory of international carbon emissions trading, meanwhile reviews the development, elaborates the main features on international carbon emissions trading, and the ways of China of dealing with the current issues and the development situations after 2012. By analyzing the effect of the international carbon emissions trading in China, the article gets the specific economic impacts on Chinese economy. Among them, the structural effect is analyzed with empirical model, and a simplified model of cubic polynomial is introduced. A regression analysis of 30 provinces during 2001 to 2010 is carried out concerning carbon emissions, per capita GDP, the proportion of secondary industry in GDP of China. It demonstrates the relationship among the level of economic development, industrial structure and carbon emissions. The empirical results show that two factors affect the growth of carbon emissions: on one hand, the industrial structure should be optimized, the proportion of secondary industry output value should be adjusted to fit the economic development within the limitation of the environment; on the other hand, the growth of per capita GDP will increase carbon emissions, while the reduction of energy consumption per unit GDP will reduce the carbon emissions, we should adjust both sides. Proposals are given concerning the targeted strategies, such as adjusting industrial structure, gradually reducing the proportion of the secondary industry in GDP; lowering energy consumption per unit GDP by improving energy efficiency; establishing the carbon emissions trading system through the joint efforts of government and business together, and enhancing the positive effect on the economy of China gradually.