Study On Path Of Chinese Carbon Finance Development Under The Background Of Low Carbon Economy

The low-carbon economy is one kind of green economic development mode which centers on the innovation of energy technology and institutions in order to reduce greenhouse gas emissions and accelerate sustainable development. The development of low-carbon economy is an inevitable choice of the economic development in China, which needs much capital investment. So it can’t succeed without financial supports. But it can contribute to the development of low-carbon economy and considerably promotes financial innovation which results in carbon finance in process of the low-carbon economy development. The low-carbon economy has induced the carbon finance which opened up the new era of the financial industry, moreover, the development of carbon finance broadens financing channels, indirectly cut down the carbon emissions, lower the cost of emission and increase international competitiveness.For the sustainable economic development and the future of the financial industry in China carbon finance is both opportunity and challenge. It is hard to imagine a business proposition more suited to the description ’win-win’. Carbon finance is still in the beginning stage in China, which needs to take all efforts to push forward its development.China,as the biggest carbon emitter in the world,posesses sufficient CO2emissions which are one third of the whole emissions and rank second on the list in the world market.However,owing to the lack of effective carbon trading system, carbon exchange, carbon trading platform, scientific and reasonable compensation mechanism and carbon finance derivatives such as carbon stock,futures,funds and so on, it makes China face the serious challenges of losing the pricing power. As a result, there is no time to take the initiative in the field of carbon finance in the global market.The paper points out the objective evidence of carbon finance development in theory. In comparison with foreign development of carbon finance, combined with the specific situation in China, the paper selects typical sample commercial banks and analyzes their present situations of carbon finance in the way of statistical scoring. In the end, the paper finds out the bottleneck of restricting the carbon finance development in China. From the point of view of economics, environmental finance, corporate social responsibility, this paper comes up with the necessity of carbon market and path selection of China’s carbon finance development, which makes China participate in the trade of carbon equally and attain the bargaining power and pricing power that are equivalent to the ownership of the carbon emission.