Recognition and analysis of potential risks in China's carbon emission trading markets  

作　　者：DENG Mao-Zhi ZHANG Wen-Xiu 

机构地区：[1]Institute of Energy,Environment and Economy,Tsinghua Universit,Beijing,100084,China [2]School of Economics and Management,Beihang University,Beijing,100191,China

出　　处：《Advances in Climate Change Research》2019年第1期30-46,共17页气候变化研究进展（英文版）

基　　金：the National Key Researchand Development Program of China(2016YFA0602702);the National Natural Science Foundation of China(71673162,71173131,71673019,71273253);Major projects of the Na-tional Social Science Fund of China(18ZDA106).

摘　　要：China formally launched the carbon trading pilots in seven provinces and cities in 2013.Based on the operating situations of international carbon emission trading markets and that in China,this study compares and analyzes the potential risks in the European Union Emission Trading Scheme,California’s cap-and-trade system,and the seven regional carbon trading pilots in China.It mainly recognizes market operation risks,risks of uncertain policy expectation,and risks of uncertain mechanism designs existing in China's carbon trading pilots.The carbon market risks are not good for the formation of rational price signals,making it difficult to guide enterprises on how to make low-carbon technology in-vestments.Such risks also affect the effectiveness and functions of carbon markets,which can lead to the non-achievement of national emission reduction goals.China has launched the national carbon emission trading scheme on December 19,2017.While building the national carbon trading scheme,it is important to fully refer to the experiences of international carbon markets and China's carbon trading pilots apart from strengthening the recognition,control,and supervision of carbon market risks.Doing so can promote the healthy development of China's na-tional carbon trading scheme.

关 键 词：Carbon TRADING pilots MARKET operation RISKS UNCERTAIN POLICY EXPECTATION RISKS UNCERTAIN mechanism design RISKS 

分 类 号：P[天文地球]