TITLE:
The Development Status, Problems and Countermeasures of China’s Carbon Financial Market
AUTHORS:
Yifan Yuan
KEYWORDS:
Carbon Finance, Carbon Emissions, Low Carbon Economy, Current Situation, Problems
JOURNAL NAME:
Low Carbon Economy,
Vol.7 No.1,
March
30,
2016
ABSTRACT: In recent years,
the global climate governance is not just for a global environmental problem of
climate change, more involved in international politics, economy, investment, technology
and other fields, and involves the transformation of production and life style.
Accompanied by global energy and technology revolution, the development of low carbon
is our inevitable requirement. Recently, China submitted to UNFCCC (United Nations
Framework Convention on Climate Change) the Secretariat of the national independent
contribution plan and set emission reduction targets: carbon dioxide emissions reach
the peak in 2030 and strive to reach the peak as early as possible; carbon emission
intensity decreased by 60% - 65% compared with that in 2005. This means that our government will intensify
its efforts to reduce carbon emissions. In the past, our target was to reduce
carbon emissions intensity, but now our country is to realize the reduction of
total carbon emissions, or “absolute reduction”. Carbon finance is an important
breakthrough in the development of low carbon economy and the promotion of carbon
emission reduction. This paper focuses on the analysis of the development status
of China’s carbon financial market, the problems and the opportunities and challenges
faced, and finally, the relevant countermeasures and suggestions are given from
the perspectives of policy, talent, mechanism, international cooperation and so
on, in order to promote the development of carbon financial market innovation, to
seize the commanding heights of the era of low-carbon economy.