Present Situation, Performance And Development Strategies Of China’s Carbon Market

Carbon market is a financial market that complies with the development of low carbon economy,aimming to help countries and regions to achieve carbon dioxide emission reduction targets.Facing the increasingly serious problem of environment and energy, all the countries in the world have established the carbon market to control carbon dioxide emissions.China as the largest developing country, but also the world’s largest carbon dioxide emissions country, the carbon market development prospects are very broad.At present, China has established seven pilot carbon market, and plans to establish a unified carbon market in 2017.So now we should make a summary of the existing carbon market analysis, in advance to prepare for the establishment of a more comprehensive national unified carbon market.This paper starts from the theory of carbon finance market, on the carbon market concept, the transaction model and the theory of economics were describes the system, focus on project based and quota based the two carbon market trading patterns,the concept of carbon market includes the origin and classification of carbon market.economic theory includes externality theory and Coase theorem.Then,on the one hand summarizes the status of the seven pilot areas of China’s carbon market, from 2013 the first pilot carbon market since the establishment of the transactions, and analysis from three aspects of mechanism, market and policy issues found in the process of running pilot carbon market;on the other hand uses the IPCC recommended method to calculate the carbon intensity of the pilot areas, using a carbon intensity target emission reduction pilot carbon market performance analysis, longitudinal comparison its carbon intensity changes. The results show that China’s carbon market was established for the reduction in carbon intensity has little effect.Finally, on the basis of summarizing the inspiration of the pilot carbon market, this article put forward the establishment of the overall deployment of the national unified carbon market, and finally gives three suggestions. National unified carbon market will soon be established in 2017. Therefore, in order to make a unified national carbon market and improve the operation of the should be actively pilot experience to the construction of a unified national carbon market in and realize the smooth transition from a regional to.