China or the world's largest carbon trading market

Source: Internet
Author: User
Keywords China carbon trading China carbon trading
China or become the world's largest carbon trading market carbon Financial policy reserves should be first-our correspondent Shing National climate change Expert committee member Liu Yanhua on March 26, "CLP Union 2011 economic situation and electric power development Analysis forecast" said, in many developed countries eyes, China is likely to become the world's largest carbon market in the future.  It is understood that 2009 global carbon market value of 144 billion U.S. dollars, the industry is expected to 2020 global carbon market will increase to 3.5 trillion U.S. dollars, and the oil market will be tied to the world's largest trading market. China faces increasing pressure to deal with climate change, both in terms of negotiating situation and domestic policy preparation.  Liu Yanhua predicted that the future international will form a similar WTO carbon market rules, in order to win the initiative, China needs to encourage carbon financial markets to increase policy preparation. The increase in coping with the pressure of climate change it is understood that 2009 China's GDP accounted for 7% of the world, emissions accounted for more than 20%.  Industry insiders predict that China's future emissions are likely to rise from nearly 7 billion tonnes now to 10.012 trillion tonnes.  In the face of our government's goal of achieving carbon dioxide emissions per unit of GDP by 2020 from 40% to 45% in 2005, 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 the central policy and local implementation of structural adjustment in our country, and the problems facing our country are not only the adjustment of industrial structure, but also the adjustment of foreign trade structure, the export structure of our country is mainly based on raw materials and high emission products.  Otherwise, it will be in a very passive position in tackling climate change. In fact, China is facing the situation of climate change negotiations from abroad also more and more serious. It is understood that many developed countries are trying to reduce emissions of developing countries such as China into mandatory emission reduction ranks.  In the face of the pressure of the developed countries, the development of the country's political and economic background and the differences in the demands for their growth have made it difficult to make a common voice in the negotiations.  Industry experts predict that with the increasing pressure to deal with climate change and the gradual formation of a consensus on climate negotiations, it is likely that there will be fierce international competition for carbon emissions in the future, and how to prepare for a rainy day is particularly important for every country. Carbon financial policy reserves to be preceded by the entry into force of the Kyoto Protocol, there are many flexible cooperation mechanisms internationally, such as the international emissions Trading mechanism, the Joint Implementation Mechanism, the clean development mechanism, which opens up the channels of carbon dioxide emissions into the international market, The carbon trading market is expected to form a new international market which is similar to WTO in a global scope.  Liu Yanhua predicts that carbon finance is likely to be a fundamental factor in the future rebuilding of the international monetary system and the international financial order. However, in the development of carbon trading market, China is confronted with a lot of difficulties, the developed countries have mastered the right to speak the price of carbon emissions trading, and our country in this regard is weakPotential。  At present, China's carbon emission reduction has accounted for more than 30% of the global market, most buyers are foreign enterprises, China is in the carbon trading industry chain of the lowest end.  In addition, the western developed countries in the carbon market and carbon finance policy research and formulation has been first, and even gradually developed internationally accepted rules, and China's participation in the formulation of international rules does not prevail, which to a large extent, it may affect the growth of China's carbon trading market. At the same time, many Western countries have already expected China to become the largest carbon market country in the future.  As a result, experts suggest that China may wish to have more policy support in building carbon trading markets and encouraging carbon finance, and that domestic companies should be fully aware of the importance of tackling climate change and be proactive and avoid passivity on the basis of familiarity with carbon trading. In fact, this "passivity" has begun to appear. The European Union, for example, has said it would levy a full carbon charge, which could add about 2 billion yuan a year to the cost of Chinese airline companies. Once the imposition of carbon tariffs is generally enforced, it means that developing countries such as China are actually facing the unfair treatment of compulsory emissions, and the space for development is bound to be restricted.
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