Establishment of Inclusive Quota Allocation Mechanism-Based on the Comparison of Chinese and Foreign Carbon Financial Market

Abstract

In the process of continuous expansion of the carbon trading market, three issues including the unclear periodical target and goal, the superfluous carbon quota beyond the actual emissions, the distribution of spillovers arising from carbon emissions trading rights are significant. This paper summarized the shortcomings of the domestic development of carbon monetary and financial markets from the perspective of the elements of the distribution market, the carbon emission right gradient propulsion design, the carbon trading market transmission efficiency. Then we analyzed and concluded the shortcomings and reform direction of domestic development of carbon emission finance market, and put forward the establishment of an inclusive quota allocation mechanism.