| As the world's largest carbon resources country with relatively great carbon emission, China in has just started its carbon trade. China is only a passive participant in international carbon trading market, rarely participating in the project of Clean Development Mechanism (CDM). Therefore, trade market of emission permits can be divided into first and second trade markets. During the definition of emission right, we found out that the ways of emission trade at second carbon trade market is the key to the research on carbon trade, which can realize the allocation efficiency and utilization efficiency of resources. Then, feasibility of implementing auction system of emission permits trade in China is analyzed from the aspects of legal protection, technical... |
