Study on the Improvement of China's Carbon Emission Trading System under the Goal of "Double Carbon".

Abstract

 September 2020, China announced to the world that it would achieve carbon peak by 2030 and carbon neutrality by 2060, and since then, China has formally stepped into the "dual-carbon" era. Against the background of the "dual-carbon" goal, carbon emissions trading is facing major adjustments in system functions, development goals, development stages, implementation levels, trading rules, scarcity creation, and safeguard mechanisms, as well as major opportunities for market-based development. In this regard, China not only needs to reform and improve the carbon trading system on the basis of the original immature carbon trading system, but also needs to cover more subjects to participate in the carbon emissions trading market, to achieve emission reduction, pollution reduction and synergistic governance through the market mechanism, and to grasp the key opportunity to transform the carbon market from a "policy market" to a "commodity market". The carbon market from "policy market" to "commodity market" to grasp the key opportunity to change, to achieve carbon trading energy saving and emission reduction benefits significantly enhance.