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Optimization and Improvement of Chinese Carbon Trading System’s Mechanism-Based on Operational Analysis and Alternation of EU-ETS
Author(s): WAN Fang, DU Li
Pages: 16-
23
Year: 2015
Issue:
4
Journal: Researcb on Economics and Management
Keyword: carbon emissions; trading system; carbon finance;
Abstract: Low-carbon economy is focused globally aiming to decrease the greenhouse gas emission and the global warming by various economic regulations.Europe as the pioneer has established the European emission trading system(EU-ETS)after the execution of United Nations Framework Convention on Climate Change and Kyoto Protocol.EU-ETS,with the largest number of participants and transactions,has made great achievements during these years’operation.Meanwhile, several defects and limitations of EU-ETS mechanism are also exposed due to the lack of references and experiences.The unique experience of EU-ETS will show its valuable significance in mechanism design for national standardization carbon trading system to be established in 2016.
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