Low Carbon Economy

Volume 7, Issue 1 (March 2016)

ISSN Print: 2158-7000   ISSN Online: 2158-7019

Google-based Impact Factor: 2.11  Citations  

The Development Status, Problems and Countermeasures of China’s Carbon Financial Market

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DOI: 10.4236/lce.2016.71007    4,039 Downloads   5,836 Views  Citations
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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.

Share and Cite:

Yuan, Y. (2016) The Development Status, Problems and Countermeasures of China’s Carbon Financial Market. Low Carbon Economy, 7, 62-69. doi: 10.4236/lce.2016.71007.

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