Analysis Of The Development Of The EU And America Carbon Financial Market

Carbon financial market is a new financial market which is based on the carbonmarket. This financial market develops at an alarming rate, the current annualturnover of the carbon financial market has exceeded$140billion. Carbon financialmarket is in line with the development needs of low-carbon economy, and it servesin greenhouse gas emission reduction trading market in order to help countries andenterprises with a more desirable cost to achieve greenhouse gas emission reductiontargets. It also promotes low-carbon technologies to spread in the market. It can besaid that the development of carbon financial market has enormous social andeconomic significance. Carbon financial market in the European Union and theUnited States develop with different forms of organization. The distinct differentexperience in the development of two carbon financial markets has a greatsignificance for the development of China carbon financial market.Under the clear purpose, preface has a discuss on the domestic and foreignrelative research. Firstly, the thesis gives a general analysis on the carbon financialmarket. Proceed from the definition of the carbon financial market, it has aexplanation about the relationship among carbon financial market, carbon marketand carbon finance. Then a statement of the theoretical basis of the carbon financialmarket is made, and a comparison between carbon financial market and thetraditional financial market. Comparison mainly related to the main players in themarket, trading platforms, trading tools and trading areas. According to thesegeneral analysis summarizes the functions of the carbon financial market. Carbonfinancial market in the European Union and the United States were analyzedseparately in Chapters III and IV of the paper. In the carbon financial markets of the EU and the U.S., carbon trading system, trading platform, the state policies andregulations and the market’s main elements are analyzed. In the trading system, theorganization and development of the system has been introduced. Described the roleof the trading platform and gave an example. Talk about the European Union and theUnited States how to promote the development of carbon financial market with theimplementation of national policies and regulations. On market participants, use themethod of overview and examples to highlight the financial market subject, such asbanks, funds, insurance companies. According to the above four aspects of theanalysis, at the end of chapters III and IV there were a summary on the EU and U.S.carbon financial market. The fifth section summarizes the driving factors andconstraint factors of the development of financial markets in the EU and the U.S.,but also the prospect of two carbon financial markets. The author summarizes threemajor factors which can be regarded as EU and America carbon financial marketdevelopment motivation: the national policy guidance, the role of the World BankGroup, as well as financial institutions The factors which restrict the development ofcarbon financial markets in EU and the United States summed up the carbonfinancial market external and internal constraints: global economic environment andmarket risk management. Finally, the combination of EU and the United Statescarbon financial market development and trends of the future are put forward. Thelast chapter is about the carbon financial market practice in China, and summary ofthe revelation of the EU and the U.S.A. experience.