China’s Low-Carbon Economy Development and Carbon Finance Market Supervision Mechanism
- 1 Law School of Nankai university, Tianjin, China
Abstract
China planned to set maximum limits for carbon emissions in 2030. This means China will vigorously develop a low-carbon economy to achieve the low-carbon and sustainable transformation. Carbon financial regulation of multilayered embodies in mainly carbon emissions trading and carbon financial derivatives market is not only a secondary market regulation by the national development and reform commission. In reference to a more mature regional carbon emissions trading formation of information exchange, coordination function, inter-regional coordination mechanism to build legislative carbon trading by establishing cross-regional coordination committee. In this article, establishing a multi-level carbon financial regulatory framework, we can effectively regulate the trading of carbon emission rights and the trading of derivatives, thus providing legal protection for China’s low carbon economy.
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