China is the world's largest carbon trading market

Liu Yanhua, a member of the National Committee on Climate Change Experts, said on the 26th of the "CEC 2011 Economic Situation and Power Development Analysis and Prediction Conference" that in the eyes of many developed countries, China is likely to become the world's largest carbon market in the future. It is understood that the global carbon market market value reached 144 billion US dollars in 2009, the industry expects that the global carbon market will grow to 3.5 trillion US dollars by 2020, and will be the world's largest trading market along with the oil trading market. In terms of tackling climate change, China is facing increasing pressure from both the negotiating situation and domestic policy preparation. Liu Yanhua predicts that in the future, the international market will form a carbon market rule similar to the WTO. In order to strive for initiative, China needs to increase policy preparations in encouraging carbon financial markets.   Responding to the increase in climate change pressure It is understood that in 2009 China's GDP accounted for 7% of the world's GDP, but emissions accounted for more than 20%. Industry insiders predict that China's total emissions in the future may rise from nearly 7 billion tons to 100 billion tons. In the face of the goal of China's government to achieve a 40%-45% reduction in CO2 emissions per unit of GDP by 2020, Liu Yanhua said that from the current situation, there are still great difficulties in achieving this goal. The reason is that there is still a big gap between China's central policy on structural adjustment and local implementation. The problems facing China are not only the adjustment of industrial structure, but also the adjustment of foreign trade structure. In the past, China's exports were based on raw materials and high-emission products. Lord, the future export structure needs to be adjusted, otherwise it will be in a very passive position in dealing with climate change. In fact, the situation of China's response to climate change negotiations from abroad is becoming more and more serious. It is understood that many developed countries are trying to incorporate emission reductions from developing countries such as China into mandatory emission reductions. In the face of pressure from developed countries, it is difficult for developing countries to make a common voice in the negotiations because of the differences in the internal political and economic background and development demands. Industry experts predict that with the increasing pressure to cope with climate change and the gradual formation of climate negotiations, the future is likely to generate fierce carbon emission rights disputes in the international arena. Under such circumstances, how to plan for each country Words are especially important. The carbon financial policy reserve needs to be preceded by the entry into force of the Kyoto Protocol. There are many flexible cooperation mechanisms in the world, such as the international emissions trading mechanism, the joint implementation mechanism, and the clean development mechanism, which open up channels for carbon dioxide emissions to enter the international market, while carbon The trading market is also expected to form a new international market similar to the WTO that is unified globally. Liu Yanhua predicts that carbon finance may become a fundamental factor for the future reconstruction of the international monetary system and the international financial order. However, in the development of the carbon trading market, China faces many difficulties. At present, developed countries have mastered the right to speak on the price of carbon emission trading, and China is in a weak position in this respect. At present, China's carbon emission reduction has accounted for more than 30% of the global market . Most of the buyers are overseas enterprises, and China is at the lowest end of the carbon trading industry chain. In addition, western developed countries have made advances in policy research and formulation of carbon emission markets and carbon finance, and even gradually developed internationally accepted rules, and China does not have an advantage in the formulation and participation of international rules. May affect the growth of China's carbon trading market. At the same time, many Western countries have predicted that China will become the largest carbon market country in the future. Therefore, experts suggest that China may wish to have more policy support in establishing a carbon trading market and encouraging carbon finance, and domestic enterprises should fully recognize the importance of tackling climate change and plan ahead on carbon trading to avoid being trapped. passive. In fact, this "passive" has begun to appear. For example, the European Union said recently that it will fully impose carbon emission charges, which may increase the cost of Chinese aviation enterprises by about 2 billion yuan per year. Once the carbon tariffs are generally enforced, it means that developing countries such as China have actually faced unfair treatment of compulsory emissions, and the development space is bound to be limited.  

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