TITLE:
China’s Low-Carbon Economy Development and Carbon Finance Market Supervision Mechanism
AUTHORS:
Bowen Yang
KEYWORDS:
Low Carbon Economy, Carbon Financial Regulation, Carbon Emissions Trad-ing Legislation Supervision
JOURNAL NAME:
Low Carbon Economy,
Vol.8 No.4,
December
4,
2017
ABSTRACT: China planned to set maximum limits for carbon
emissions in 2030. This means China will vigorously develop a low-carbon
economy to achieve the low-carbon and sustainable transformation. Carbon
financial regulation of multilayered embodies in mainly carbon emissions
trading and carbon financial derivatives market is not only a secondary market
regulation by the national development and reform commission. In reference to a
more mature regional carbon emissions trading formation of information
exchange, coordination function, inter-regional coordination mechanism to build
legislative carbon trading by establishing cross-regional coordination
committee. In this article, establishing a multi-level carbon financial
regulatory framework, we can effectively regulate the trading of carbon
emission rights and the trading of derivatives, thus providing legal protection
for China’s low carbon economy.