Development status of pilot carbon markets and its enlightenments to national carbon market
Abstract：Carbon emission trading is a market-based policy tool to control greenhouse gas emissions, as well as an important measure for China to achieve the goal of carbon peak and carbon neutrality. The pilot projects in Beijing, Tianjin, Shanghai, Chongqing, Hubei, Guangdong, Shenzhen, and Fujian have obtained significant achievements as the markets with sound system, stable operation and initial scale have been established. However, such limitations as deficiency in trading tools and non-accurate price signal are also found in them. The pilot projects provide valuable practical experience for the construction and operation of the national carbon market. This paper analyzes the present situation of the pilot carbon markets, and puts forward such suggestions to the stable development of the national carbon market as accelerating the legislative process, expanding the coverage, facilitating the quota control, enriching the trading tools, improving the offset mechanism, and strengthening its own capacity.
