Institutional Evolution and Sino-Foreign Comparison of China's Carbon Finance

In recent years, global environmental challenges have become increasingly severe. To promote the green transformation of the economy, governments and international organizations around the world have explored green finance as a regulatory tool through research and practice. In order to achieve green development, energy conservation and emission reduction, and promote new productive forces, China has put forward increasingly improved green financial market mechanisms and related policies, among which carbon finance is highly representative. How to formulate and developing a carbon finance mechanism that is in line with China's economy, technology, and people's livelihood to achieve the "dual carbon" goals as soon as possible is a research issue of great significance at present. This paper will select carbon finance policies from different developed countries, systematically sort out the development process and existing accomplishments of Chinas carbon finance, and review existing literature to summarize the relevant relationships between carbon finance and economic development. energy conservation and emission reduction, etc. Combined with the relevant characteristics of China's economy, it will draw relevant enlightenment with certain reference value.