Construction Of China's Carbon Emissions Trading System And Strategy Research

Carbon emissions trading is an effective way to reduce carbon dioxide and other greenhouse gas emissions by using market mechanisms. Although carbon emissions trading is still less than10years at yet, its development momentum surpasses any kind of previous trading products, and international carbon emissions trading market becomes one of the most important market.China has been developed emission reduction actively, and made great efforts to cooperating and promoting global emissions process. After the practice in the field of emissions trading, China has been the most important host country in CDM. However, because of absence of a complete carbon emissions trading system, the development of domestic trade is restricted, and also the lower the position in international market. Therefore, it is very pressing to construct a domestic carbon emissions trading system which is suitable for Chinese national conditions and internationally compatible.After the research of emissions trading theory, this paper selects the European Union, the United States and India as examples, analyzes the differences in their trading system and valuable experience. Then, according Chinese conditions, this paper proposes a carbon emission trading system. We should focus on the development of domestic carbon cap-and-trade system and combine CDM cooperation. In addition, there is further research in determination of the allowance total amount, initial allocation, trading mechanism, security system, personnel training.