Lessons from the development and operational experiences of international carbon markets for the construction of China’s carbon market[J]. 全球能源互联网(英文), 2025,8(2).
Qingkai Sun, Li Ma, Menghua Fan, et al. Lessons from the development and operational experiences of international carbon markets for the construction of China’s carbon market[J]. Global energy interconnection, 2025, 8(2).
Lessons from the development and operational experiences of international carbon markets for the construction of China’s carbon market[J]. 全球能源互联网(英文), 2025,8(2). DOI: 10.1016/j.gloei.2024.12.002.
Qingkai Sun, Li Ma, Menghua Fan, et al. Lessons from the development and operational experiences of international carbon markets for the construction of China’s carbon market[J]. Global energy interconnection, 2025, 8(2). DOI: 10.1016/j.gloei.2024.12.002.
Lessons from the development and operational experiences of international carbon markets for the construction of China’s carbon market
carbon emissions trading has emerged as a crucial market-based instrument for emissions reduction
attracting significant attention from government agencies and academia worldwide.As of January 2024
28 carbon trading markets have been established globally
encompassing approximately 17%of global greenhouse gas emissions and serving approximately 1/3 of the global population.With various nations setting carbon neutrality targets and delineating carbon reduction pathways
the construction
operation
and regulatory frameworks of carbon markets are becoming increasingly refined and comprehensive.This study elucidates the importance and necessity of establishing carbon markets from the perspective of energy system transformation and sustainable economic development.Second
it provides a comparative analysis of the operational mechanisms
trading scales
and emission reduction outcomes of major carbon markets in the European Union
United States
and New Zealand
systematically summarizing their development processes and recent advancements.Finally
this study addresses issues and challenges in the construction of China’s carbon market.Drawing on the successful experiences of leading global carbon markets in institutional design and market operations
we propose development strategies and recommendations for a carbon market with Chinese characteristics.These strategies are intended to align with international standards while meeting China’s national conditions
thereby contributing insights into the global carbon market trading system.