Clean Development Mechanism and Carbon Trading Market Construction in China

Abstract:

The Clean Development Mechanism (CDM) is one of the three “flexibility” mechanisms defined in the Kyoto Protocol. Chinese government implements the CDM projects as the only way and most important means to participate in the global carbon trading market, and provides a lot of policy support; however, there are still many problems and risks during the operation of CDM projects in China: the lack of legal system, Carbon leakage, the insufficient transfer of technology and the passive market position of Chinese enterprises. Starting from the strict GHG reduction target and pilot projects of carbon trading in China, this paper constructs domestic carbon trading market on the basis of experiences and lessons of CDM projects in China; then it puts forward the basic thinking of legal system, market management and supervision system in the process of China’s carbon trading market establishment.

• Periodical: Advanced Materials Research (Volumes 616-618)
• Pages: 1500-1504
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.616-618.1500
• Online since: December 2012
• Authors: Zhi Hong Yang, Shuang Jian Li, Yi Pu Zhou, Qi Wang, Qin Zhe Liu
• Keywords: Carbon Leakage, Carbon Trading Market, CDM Project, CERs

References

[1] Information on http://cdm.unfccc.int/Statistics/Registration

[2] Information on http://cdm.ccchina.gov.cn/web/NewsInfo.asp?NewsId=4809

[3] K. Luo and R.D. Ye: Economic Geography Vol.31 (2011), p.494 (In Chinese)

[4] J.N. Wang and J. Jun: Emissions Trading: Practice and Innovation (China Environmental Science Press, Beijing 2009) (In Chinese)

[5] Information on http://cdm.ccchina.gov.cn/web/NewsInfo.asp?NewsId=4767