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 LCE  Vol.8 No.4 , December 2017
China’s Low-Carbon Economy Development and Carbon Finance Market Supervision Mechanism
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.
Cite this paper: Yang, B. (2017) China’s Low-Carbon Economy Development and Carbon Finance Market Supervision Mechanism. Low Carbon Economy, 8, 97-105. doi: 10.4236/lce.2017.84008.
References

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https://doi.org/10.1016/j.phpro.2012.03.233

[9]   Han, L. and Kung, J.K. (2015) Fiscal Incentives and Policy Choices of Local Governments: Evidence from China. Journal of Development Economics, 116, 89-104.
https://doi.org/10.1016/j.jdeveco.2015.04.003

[10]   Shao, Y.Y., Redrigo, H. and Liu, P. (2015) Government Intervention and Corporate Policies: Evidence from China. Journal of Business Research, 68, 1205-1215.
https://doi.org/10.1016/j.jbusres.2014.11.015

[11]   Gao, P. (2015) Government in the Catching-Up of Technology Innovation: Case of Administrative Intervention in China. Technological Forecasting & Social Change, 96, 4-14.
https://doi.org/10.1016/j.techfore.2015.01.014

[12]   Guan, J.C. and Yam, R.C.M. (2015) Effects of Government Financial Incentives on Firms’ Innovation Performance in China: Evidences from Beijing in the 1990s. Research Policy, 44, 273-282.
https://doi.org/10.1016/j.respol.2014.09.001

[13]   Li, X.N. and Li, Y.F. (2011) Diving Forces on China’s Circular Economy: Form Government’s Perspectives. Energy Procedia, 5, 297-301.
https://doi.org/10.1016/j.egypro.2011.03.051

[14]   Stokes, L.C. (2013) The Politics of Renewable Energy Policies: The Case of Feed-In Tariffs in Ontario, Canada. Energy Policy, 56, 490-500.
https://doi.org/10.1016/j.enpol.2013.01.009

 
 
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