A summary of carbon emission trading economy in energy field

Xiaofeng Li (), Yanshu Shen and Yihao Zhao
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Xiaofeng Li: Datang Environment Industry Group Co., Ltd
Yanshu Shen: China Petroleum Engineering Construction Copr
Yihao Zhao: China Petroleum Engineering Construction Copr

A chapter in Proceedings of the 2023 2nd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2023), 2024, pp 303-308 from Springer

Abstract: Abstract To implement China’s action goals of achieving carbon peak by 2030 and carbon neutrality by 2060, The Opinions of the Central Committee of the Communist Party of China and the State Council on Completely, Accurately, and Comprehensively Implementing the New Development Concept and Doing a Good Job in Carbon Peaking and Carbon Neutrality, as well as 《the State Council’s Action Plan for Carbon Peaking before 2030》, clearly state that “we must accelerate the construction of a clean, low-carbon, safe, and efficient energy system. Energy enterprises must firmly establish a clear direction for green and low-carbon development, and strive to become the” leader “in energy efficiency while maintaining national energy securities. With the official launch and steady development of China’s carbon emission trading market, it is of significant milestone significance for achieving China’s “dual carbon” strategic goals. In the context of tackling global climate change, as the carbon emission in the energy sector account for more than 70% of China’s total carbon emission, it is an effective system to control greenhouse gas emission through the carbon emission trading system. Carbon emission trading is the only way to lead the development of Low-carbon economy in the energy sector using market mechanisms. The carbon emission trading economy is a major institutional innovation and a complex system engineering involving multiple disciplines and fields. With the continuous improvement of the construction of the national carbon emission trading market, this review discusses the background, development status, operating mechanism, problems and challenges, future prospects and other aspects of carbon emission trading in the energy field, analyzes the carbon emission trading market, which will enrich the research content of the economy of carbon emission trading, and provide some reference for the strategic planning of the carbon emission trading market.

Keywords: Carbon emission trading; transaction; economy; energy (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-268-2_34

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