Pricing Mechanism Of Carbon Finance Market In China Under The Backgroud Of Low Carbon Economy

Now with the market mechanism to solve the problems such as carbon dioxide emissions of greenhouse gases is more and more widely applied to the practice of low carbon economy,and the formation of carbon emissions trading market in the world,services in this market and the market development based on the various financial activities constitute the carbon financial.At present,China is the most important seller in the international carbon market,while the domestic carbon finance market is still in its infancy,the development level is limited,especially for the construction of pricing mechanism is still very scarce,therefore,it is urgent for us to conduct in-depth research on the carbon finance pricing mechanism.Firstly,the birth of the carbon financial market and development road and summarizes the price time series data,and then to the Hubei province and Guangdong Province pilot carbon trading market since the establishment of GARCH empirical model building as a sample,tries to use empirical.model to analyze the influencing factors on the risk of trading price fluctuations of carbon emission and its impact,to strengthen the normative analysis support,and build for the future development of carbon finance market and a nationwide carbon market to provide practical advice.Based on the concept of carbon finance pricing mechanism,this paper analyzes the profound background of the low-carbon economy and the profound connotation of the environment,and combs the origin,development and price operation mechanism of carbon finance,and puts forward the factors influencing the carbon price change.Then based on the international market,through the analysis of the EU,the United States and other typical foreign carbon trading market,the relatively perfect features and experience of pricing mechanism was analyzed and summed up the experience,in order to combined with Chinas national conditions on lay a theoretical foundation for China's carbon price mechanism.Then analyzes the pilot carbon market development process and the development status of our country,and taking Hubei carbon market and carbon market in Guangdong since the establishment of the carbon trading price data as an example to establish the empirical model.It not only proves the validity of the selected tools,but also provides an important basis for the perfection of the pricing mechanism of carbon finance from the perspective of risk measurement.Finally,from the market supervision,improve the system,policy advantages and other aspects of the strategy for perfecting China's carbon finance pricing and trading development,on the basis of China's carbon market and price volatility on the in-depth discussion of price management mechanism,through these suggestions help China's all-round construction of a unified national carbon the trading market,and improve the pricing mechanism of carbon finance,strive to obtain international carbon market pricing,to occupy an important position in the international carbon trading is through the construction of the above aspects,so that our country formed the framework of carbon finance pricing mechanism perfect.