A Comparative Study On The Degree Of Development Of China's Carbon Trading Pilots

With the introduction of China carbon trading in the market mechanism, the country has set up a seven carbon trading pilot, respectively is Shenzhen, Beijing, Shanghai, Tianjin, Guangdong, Hubei, Chongqing, to participate in the carbon trading is climate change of China's economic development needs, but also in the national strategic level. Therefore, how to constantly improve China's carbon trading market to make more perfect and effective become academic attention to the topic. This paper summarizes the domestic and foreign scholars on the carbon market and settled in our seven carbon trading pilot, through literature analysis found that at this stage of a carbon trading pilot study is still in the stage of qualitative research, but few seven exchanges crosswise comparative analysis, this paper tries to through the establishment of a scientific and objective evaluation index system, to compare between the seven carbon exchange, the actual operating situation of the summary of operation of carbon exchange since the exchange, for the next step in the development of China's carbon trading provide reference. The number of participants can be considered in the carbon market development degree is divided into three major categories of indicators, namely gross index, efficiency index, external supervision index, index selection process the data can be acquired and data analysis, and finally chose the 18 indicators as evaluation basis, respectively is the transaction amount, transaction amount, transaction optional way, into the enterprise quantity, emission reduction targets, the transaction coverage, control exhaust gas type, transaction, transaction type, transaction concentration, corporate compliance rate, quota allocation autonomy, there is no quota reserves, no supplementary mechanism, internationalization degree, incentive and constraint, related policy, policy coverage. Through the principal component analysis, we can see that the development of the seven exchanges, from the results can be seen that the seven exchanges at the present stage of development is the best carbon market in Shenzhen, the most to be improved is the Chongqing carbon market. In this paper, through the reverse derivation, to seek ways to further develop the carbon market, the Hubei carbon exchange, for example, gives the corresponding comments and suggestions.In this paper, the carbon trading market in the present stage evaluation index, but due to the carbon market is still in the primary stage of development, limitation of data on qualitative analysis, the established evaluation index remains to be further improved, with the carbon market continue to improve and develop, for the study of classified analysis of the data is more and more abundant, the carbon market development degree index system should be more perfect.