Situation and Future Development Prospect of China's Carbon Market

Abstract

Air pollution has become the bottleneck of China's economic and social development. In according to the property rights trading theory and other country’s practice, establishing carbon market seems to be the only means with higher economic efficiency to reduce carbon emissions. At present, China’s Carbon market is still in the initial stage. This paper analyzed the current situation and problems in China’s carbon market. The conclusion is that in the further China should set up carbon credits distribution system and trading platform, foster professional certification bodies, establish carbon license granting mechanisms and train talents on carbon trading to promote China's carbon market development. There are few domestic research on this topic, hopefully this paper helped reader understand the situation of China’s carbon market and attract more research on it.