Research on the Development and Problems of Guandong Province Carbon Emmission Market Construction
Volume 7, Issue 4, August 2019, Pages: 194-199
Received: Apr. 18, 2019;
Published: Jul. 19, 2019
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Chen Jian, International Business Faculty, Beijing Normal University (Zhuhai), Zhuhai, P. R. China
Liu Chenglin, International Business Faculty, Beijing Normal University (Zhuhai), Zhuhai, P. R. China
Lin Jingchuan, International Business Faculty, Beijing Normal University (Zhuhai), Zhuhai, P. R. China
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The climate anomalies around the world are still outstanding. Under the UN's United Nations Framework Convention on Climate Change (the Framework Convention) and the Kyoto Treaty, governments have adopted a country-specific reduction in CO2 initiatives such as greenhouse gas emissions etc.. After experiencing the pilot implementation of the carbon trading rights market in seven provinces and municipalities, in December 2017, the “Chinese National Carbon Emissions Trading Market Construction Plan (Power Generation Industry)” officially launched the national carbon emissions trading system. This paper outlines the empirical measures and development status of the domestic carbon emission trading rights market, lists the development status of the Guangzhou Carbon Emissions Exchange in Guangdong Province, and the shortcomings on carbon accounting, carbon emission data reporting, carbon allowances, etc. It also gives suggestions on the upper layer design, the establishment of sound carbon market infrastructure, capacity building and carbon financial instrument innovation, with a view to the long-term development of low-carbon economy in Guangdong Province that will provide further valuable experience for the construction of the national carbon market.
Sustainable Development, Carbon Emission Trading System, Carbon Finance, Guangdong Province, Problem Research
To cite this article
Research on the Development and Problems of Guandong Province Carbon Emmission Market Construction, Science Discovery.
Vol. 7, No. 4,
2019, pp. 194-199.