Research For The Legal System Of Carbon Finance Development

Global environmental degradation has caused great harm to the economicdevelopment, the human survival, the ecological balance and human society.Countries all around the world have taken kinds of measures to deal with thisproblem and have got a good result. The signing of the two agreements,namely United Nations Framework Convention on Climate Change and KyotoProtocol, promotes the emergence and development of carbon finance.Athough it does not directly stipulate what carbon finance is in United NationsFramework Convention on Climate Change, here embodies this concept. Asthe supplementary of above said convention, Kyoto Protocol remarks asmilestone because it is the first time for international society to tack theproblem under laws and regulations. It sets targets of carbon reduction formany countries in Kyoto Protocol, and sets up three kinds of Mechanisms topromote carbon reduction, including ET, CDM and JI. The development ofcarbon market requires the study of related law, which is still blank inland.Therefore, this paper studies the issue of carbon finance through the method ofliterature analysis, comprehensive analysis and comparative analysis. Thebasic content is as follows: firstly, describing the concept of carbon finance,listing its characters，analyzing the problems and pointing the significance ofthe study; secondly, introducing the background of carbon finance, comparingthe status in Europe and in the USA; finally, summarizing the experiencewhich we could learn.