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Analysis on Current Situation of Chinese Carbon Finance

  • 인문논총
  • 2010, 26(), pp.357-392
  • Publisher : Institute for Human studies, Kyungnam University
  • Research Area : Humanities > Other Humanities

JUNG JI HYUNG 1

1중국인민대학교

Candidate

ABSTRACT

Topics such as natural disaster, strange weather, and sea level rise have been recognized not only as alarming issues but also as ones directly connected to national security, personal lives and global economy. As the growth engines to reduce a green house gas emission and overcome a global economic crisis, low-carbon economy development, a new economic model has risen dramatically. China has attracted the most global attention of all countries since it is the worst carbon-emitting country and carbon-emitting resources. Chinese greenhouse gas emission from Irrational structure of Chinese industry and energy consumption going along with its rapid economical growth is getting more and more sensitive in the international society. Therefore, Chinese government has begun to cover environment and energy as major issues and established relative regulations and long-range plan to practice low-carbon economic development. Companies rush to register in CDM project, while general service is offered such as carbon loan of commercial bank and operate of Environmental Exchanges in Beijing, shanghai and Tianjin and low-carbon finance service of Quasi-fund business. In the other hand, consistently keeping international pledge comes to the fore as a big uncertainty in growth of Chinese carbon finance development, while price fluctuation of CDM market, examination, ratification of CDM Executive Board (EB) and approval of DOE, are also risk. Chinese carbon-finance market is in the middle of such uncertainty but is a potential market in the future at the same time. Besides, we would be able to see a lot of suggestions in making our ways in the future by continuously recognizing countermeasures and policies of Chinese carbon finance, which currently faces uncertainties and risks.

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