Study On Building Carbon Emission Trading Framework In China

In recent years, with the acceleration of urbanization, the construction scale ofChina has maintained a rapid growth trend accompanied by large energy consumptionand carbon emissions at the same time, so that the original limited environmentalcapacity of the atmosphere become more and more scarce, and resulted in a series ofenvironmental problems with a significant feature of climate change. Therefore, controlof building energy consumption and carbon emissions reduction has become animportant problem which our country must face. From a practical point of view, theimpact is limited to merely use government control and management to reduce buildingenergy consumption and emission, however, the new market mechanism of carbonemissions trading has provided a new idea to solve the problem mentioned above. Inresponse to China’s "Twelfth Five-Year Plan" to build domestic carbon emissionstrading market and the requirements to implement the system of paid use of resourcesand ecological compensation which proposed in the Third Plenary Session of theeighteen, this paper attempts to build a carbon emissions trading scheme in theconstruction sector with Chinese characteristics in the precondition of nationwidecarbon emissions trading, so as to effectively guide building carbon trading work, andfurther to achieve the target of low-carbon buildings and low-carbon city.This paper integrated use the literature review method, comparative method andexpert interview method, and combined with the scarcity, externality, Coase’s propertyrights theory, game equilibrium theory and practice analysis, draws the followingconclusions: first, building carbon trading is a kind of market mechanism allowingcarbon emissions rights freedom to adjust so as to realize the optimal cost efficiency.Building carbon trading also has many characteristics, such as diversified affectingfactors of energy consumption, the complicated baseline, large amount of scatteredtransaction body, single building of small volume, high transaction costs and stabletransaction attribute, etc; Second, China’s mainly controllable building energyconsumption are northern towns heating and public buildings energy consumption. Sounder the presupposition of respecting energy demand and selecting reasonabletransaction operation mode, our building carbon emissions trading framework issuitable for such an integrated system which distinguish different types of buildings,combine three kinds of reduction properties of mandatory, transition and voluntary area, and also contain three kinds of transaction mode of “cap andtrade”, project transactions and voluntary transaction. And author also put forward acirculation mode between internal and external framework which are characterized bythe main mode of bidirectional circulation with mandatory fields and one-waycirculation with non-mandatory fields. Finally, according to different types of buildingswithin the framework, government can construct and implement the systemimprovement from three dimensions for the supervision, encouragement andpunishment, thus to provide support for promoting China’s building carbon emissionstrading’s healthy and orderly development.