The Study Of Chinese Carbon Emissions Trading Mechanism

In order to solve the environmental issues that changing climate brought out,every country had held conferences for several times to discuss the theme.In Feb.16 th,2005,?Kyoto Protocol?came into force,which defined the emissions of greenhouse gases as a kind of commodity to control the total amount of emissions.By playing the role of market mechanism to do the emissions trading.The terms of?Kyoto Protocol?didn't set an upper limit for Chinese emissions of carbon,for China is a developing country;however,with high-speed development and overuse of energy,it is necessary to for China to build constraint mechanisms of emissions in the long term.In Nov.2009,the State Council executive meeting put forward the target of declining emissions,that is,the degree of emissions per GDP will be lower by 40%-45% in 2020 than that of 2005.The NDRC opened the emissions trading market formally in the whole nation in Dec.19 th,2017.As the market brought out,not only means that the biggest carbon trading market in the world will enter the fast lane of development,but also bring the emissions trading market in the new time.The correlative developments of carbon emissions trading just started in China,and the carbon emissions trading mechanisms is the core of the entire carbon emissions trading market.All carbon emissions trading activities should be operated under the carbon emissions trading mechanism.This paper will study about Chinese carbon emissions trading transaction mechanism according to Marx's commodity theory,externality theory,property rights trading theory and emissions trading rights trading theory.After elaboratingthe relevant concepts,I'll discuss the situation of current pilot of the carbon emissions trading in China,and the importance to establish a unified carbon emission trading mechanism for China.Due to the carbon emissions trading mechanism have been highly developed in countries and international unions like EU and US,and the mechanism has achieved remarkable results in those countries.As a result,this article will selects the EU carbon trading mechanism,the Chicago Climate Exchange,the New South Wales GHG emission reduction plan,and the UK carbon emission trading mechanism as our research templet,and they provide both advanced technologies and lessons for the establishment of China's carbon emissions trading mechanism.The article will focus on the development of Chinese carbon emissions trading mechanism.The discussion will mostly include the control and coverage of carbon emissions trading,the initial allocation of quotas,market transactions,monitoring,reporting and verification(MRV)mechanisms,compliance and punishment analysis.In order to ensure the smooth establishment and operation of our country's unified carbon emissions trading mechanism,I propose relevant policies as well.