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On the Construction of Chinas Carbon Trading Market |
School of Law, Sun Yatsen University |
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Abstract Constructing Chinas carbon emissions trading market is not only a positive response to increasingly heavy international pressure, but also an inevitable choice for China to follow a sustainable lowcarbon development path. Chinas macroeconomic policy and legal environment of energy reduction have already been formed, and the pilot practice of carbon emissions trading has created the important conditions for establishing a carbon emissions trading market. But the construction of such a market is a very complex project, the legalility of whose establishment and operation, and the design of whose elements, still need further studies. So, some proposals on legislation of carbon emissions trading, market positioning, market structure, carbon exchanges function, and carbon products design are advanced.
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Received: 10 October 2011
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