A Study on the Construction of China's Carbon EmissionsTrading System.

Abstract: According to the current United Nations Framework Convention on Climate Change, China, as a developing country, does not need to undertake responsibilities and obligations of carbon emissions reduction, however as a responsible one with open market economy, it should make great effort to its research of carbon emissions trading system and actively build it at our own development level to make positive contribution to reduce the world''s carbon emissions. This paper defines the commodity property of carbon emission right, which can be divided and traded, identifies the basic characteristics of China''s trading carbon emissions trading system is cap-and-trade mechanism at present stage, and puts forward that China''s total emission control is not an absolute target, but a relative one. [Copyright &y& Elsevier]