The Principles And Practices Of Chinese Regional Carbon Trading Market

In the international arena, climate change involves not only greenhouse gas emissions, butalso has become a tool for international political struggle.In China, the established strategy ofsustainable development coupled with economic development that is constrained by resourceenvironment make the development of low-carbon economy an inevitable trend. However, thelow-carbon economy can’t develop without the financial support and therefore the carbonfinancial system need to be built, so it is urgent to establish a carbon trading market that is thecore of the carbon financial system.Based on the requirement of the aforementioned reality,China needs to establish a carbon emissions trading system, but the path is not much.The biggestvoice is to regional pilot firstly. In fact, the country has started seven regional carbon tradingmarket pilot.In this context, this paper firstly studiesthe theoretical basis of carbon trading market, whichis the problem of economic externalities that carbon emissions generated and itstheoreticalsolutions. Secondly, it introduces the design of carbon trading market and its status ofat home and abroad. Finally, it select the Tianjin carbon trading marketas a representative case ofregional carbon trading market in China.Through the analysis of the legal system, MRV system,coverage, trading systemin this regional market, we found that the market system has made someachievement.But there are also some problems, such as: the legal system is not perfect and itlacks statisticalstandardsof information about carbon emissions. After analyzing the advantagesand disadvantages, this paper gives some problem-solving suggestions.