Evaluation on the development degree of China’’s seven pilot carbon markets

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摘要 Chinaispreparingtoestablishanationwidecarbonmarketin2017,andinordertofacilitatethisgoal,sevenpilotcarbonmarketshavebeenunderstudyforthepastfewyears.ThispapersummarizestheoperationexperienceandchallengesofthesevenpilotcarbonmarketsinChina.Ithasbeenwidelyacceptedthattheessenceofacarbonmarketistosolveenvironmentalproblemsthroughmarketmechanisms,withenvironmentalbenefitbeingthefundamentalpurpose,marketmechanismbeingthekeymeasure,andpoliciesandregulationsbeinganimportantguaranteeforanorderlycarbonmarket.Therefore,thispaperconstructsanevaluationindexsystemcomposedof34detailedsub-indexesinthreedimensions,suchasenvironmentalconstraintforce,marketresourceallocationability,andsupportingpoliciesandfacilitycompleteness.Throughanalyzingtheoperationdatafrom2013to2016,theweightsofthesub-indexesareobtained.Inaddition,thestudyobtainsexperts’opinionsfromover10carbonpermitsexchanges,consultancyfirmsandresearchinstitutionsinChina,andconductsacomprehensiveevaluationonthedevelopmentdegreeofthesevenpilotcarbonmarkets.ResultsshowthatthepilotcarbonmarketsthatincludeprivateSMEsasthecoveredentitiesforemissionscontrolpresentrelativelyhigherenvironmentalconstraintforce.Buttoomanycoveredentitiescouldincreasethedifficultyofmarketperformancemanagement,whilethepilotsthatincludehighenergy-consumingstate-ownedenterprisesastheentitiesforemissionscontroldemonstrateaphenomenonof'highmarketcomplianceratewithlowtradingvolume'.TheresourceallocationcapabilityofChina’scarbonmarkethasnotbeeneffectivelybroughtintoplay,andlowdegreeofmarketparticipationhasbecomeanimportantconstraintfactorformarketdevelopment.Duetothelackoflawsandregulationsatthenationalmacro-level,thelegallybindingforceofthepilotmarketsconstructionisobviouslyinsufficient,andthesupportingpoliciesare
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出版日期 2018年01月11日(中国期刊网平台首次上网日期,不代表论文的发表时间)
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