Abstract：International emission trading is an economic mechanism for collective action on global climate governance.The new international emission trading mechanisms(the new mechanisms)have been set up in the Paris Agreement.The new mechanisms have a few uncertainties on the modalities and structures,since that it is unclear about the connotation of the “mitigation outcome”and the applicable conditions of the international transferred mitigation outcome(ITMO),also because of the vagueness of the relationship between the ITMO and the new baseline-and-credit mechanism,as well as the pending of the modalities of the baseline.However,some new trends of the new mechanisms could still be inferred from the rules of the Paris Agreement,and the disagreements among the contracting parties.The absence of the legal basis for international emission rights,the diversification of mitigation outcome,and the decentralization of its generation process reveals the demise of the international emissions trading mechanism.The sectoral crediting mechanism is proposed and backed by more parties,and the modality of baseline-and-credit is changing.Under this occasion,China has burdened the pressure to strive for the economic interests of carbon trading,facing the risks and opportunities about linking the carbon market,and rules and institutions challenges of the sectoral crediting mechanism.China should gradually explore the carbon market linkage after a robust and sound national carbon trading regime has been set up.
党庶枫, 曾文革. 《巴黎协定》碳交易机制新趋向对中国的挑战与因应[J]. 中国科技论坛, 2019(1): 181-188.
Dang Shufeng, Zeng Wenge. New Trends of Carbon Trading Mechanism in Paris Agreement and China's Challenge and Response. , 2019(1): 181-188.
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