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The EU carbon emissions trading mechanism is the most mature, the most demonstration effect of emissions trading mechanism, its legal system in ten years of operation, the third stage of reform is particularly significant, including regulatory mechanism, total limit and initial distribution mechanism, registration system, monitoring, reporting and verification mechanism, etc. At present, the legislative level of carbon trading in China is not high, and it lacks operability. In-depth analysis of the reasons, mechanism and main system of EU reform can provide important enlightenment for China. When building a national carbon trading market, China should learn from the experience of the European Union, improve the legislative system, and promote the construction of key systems.
Huashan Zhang (Sat,) studied this question.