Abstract: The specialty of carbon trading ensures that carbon market is a complete externality product market given birth by environmental and energy policies and laws, and its existence is closely related to the guidance and implementation of laws and policies. All the laws and policies concerning the establishment of carbon trading system and the orderly operation of carbon trade have direct influence on the establishment and development of Chinas carbon trading system. So, it is essential for China's establishment of carbon trading system to comprehensively understand, analyze and solve those issues.