碳金融业务分层模型及发展思路  

Hierarchical Model and Development Path of Carbon Finance Business

作　　者：乔海曙[1] 陈守端[1] 

机构地区：[1]湖南大学金融与统计学院

出　　处：《金融论坛》2011年第6期3-8,共6页Finance Forum

基　　金：国家社科基金项目《我国低碳经济发展与碳金融机制研究》(10BJY112);湖南大学985工程“两型社会创新基地”项目;中国博士后基金一等资助项目

摘　　要：碳金融的内涵从狭义到广义可划分为三个层次,分别基于碳交易、碳减排和气候变化的应对行动。广义的碳金融业务据此分为三个市场:低碳产业投融资市场、碳交易市场和气候风险资本市场,这三个市场共有绿色信贷、低碳产业直接融资、碳指标及衍生品交易、碳交易中介服务、碳金融理财产品、天气衍生品和巨灾债券七种业务模式。本文以制度、市场和组织三个维度作为衡量标准,分析我国碳金融业务的成熟度,将我国的碳金融业务分为成熟体系和新兴体系两个层次,发展思路包括:优先发展碳减排相关业务,重点支持融资类业务,积极布局气候风险管理业务。From narrow to broad, the implications of carbon finance can be divided into three levels, i.e. reactions respectively based on carbon trading, carbon emission reduction and climate change. Carbon finance business can be, in a broad meaning, divided into three markets： market of low-carbon investment and financing, market of carbon trading and market of climate risk capital. The three markets include seven business models, which are green credit, direct financing of low-carbon industry., trading of carbun index and its derivatives, intermediary services of carbon trading, wealth management products of carbon finance, weather derivatives and catastrophe bond. By using system, market and organization as standards to measure, this paper analyses the maturity of China＇s carbon finance business and divides China＇s carbon finance business into two-level systems, the mature and the emerging. The development path proposed in the paper is to take priority to develop business related to carbon emission reduction, focus on financing business and actively plan the business of climate risk management.

关 键 词：碳金融业务 分层模型 业务成熟度 

分 类 号：X196[环境科学与工程—环境科学] F832.2[经济管理—金融学]