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.
References
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https://doi.org/10.1016/j.enpol.2013.01.009
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Xia, B. and Li, Y. (2012) Analysis on the Impact of Tax Policy over China’s New Energy Industry Development. Physics Procedia, 25, 1277-1284.
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
