Research On The Implementation Mechanism Of China's Carbon Emissions Trading Market

Climate change has become one of the primary issues of global concern.In response to climate change,China has actively used market mechanism to control greenhouse gas emissions,and has continued to promote the pilot construction of carbon emissions trading market since 2011.The construction of the carbon emissions trading market is a complex,which includes many links such as setting total greenhouse gas control target,allocating quota and trading.The compliance mechanism is the core of the carbon trading system and the basis for ensuring the achievement of energy saving and emission reduction goals.However,China's current carbon emission market construction mechanism is still not perfect.As far as the operation of the carbon market,the carbon trading market in China's pilot shows obvious compliance-driven characteristics.The volume of transactions in the non-compliance period is relatively small.The carbon trading market driven by compliance is likely to cause the instability of carbon price;in addition,Although the compliance rate of the pilot regions has increased,and the compliance rate in some pilot has reached 100%,there are phenomena such as the government opening the market on the weekends and postponing the compliance period.The emergence of high compliance rates is mainly driven by the government.Faced with this practical problems,this article will analyze the inadequacies of the legal response and improve the system based on the experience of the EU carbon emissions trading market.The article will proceed from the basic theory and clarify the legal nature of carbon emission rights.Then the article will analyze the legal connotation and legal value of the carbon trading market compliance mechanism.At the same time,based on practical problems such as its operational performance,the article analyzes the deficiencies of the compliance mechanism in the operation,inadequate institutional response,further analyzes the institutional experience of the EU carbon emissions trading market compliance mechanism,absorbing its experience.Finally,this article will propose improvement suggestions from the aspects of improving elements of the compliance mechanism and strengthening compliance supervision,improving the framework elements of the compliance mechanism and implementing the function of each element through the design of the system.The way to improve supervisionsystem is to improve the recent administrative supervision system and widen the public supervision channels.