低碳经济背景下国际碳金融市场发展及风险研究

随着全球对气候问题的持续关注,碳金融市场发展也越来越被各国所重视。与传统意义上的金融相比,碳金融的核心是围绕着碳排放权展开的。因此,从碳金融的本质来看,碳金融与低碳经济是相辅相成的。目前国际碳金融市场具有碳交易规模飞速增长、基于配额的交易占据绝对主导地位、市场参与主体广泛及碳金融产品日益多样化、欧盟占据主要地位及欧元成为主要结算货币等特征,同时也具有系统性风险和非系统性风险。中国不仅要积极地参与国际碳金融市场,而且还要从全局的角度思考应对气候变化的国家战略问题,具体包括加强宣传力度、培育中介机构、落实政策支持、加强风险应对能力建设等方面。

A Study of International Carbon Financial Market Development and Risks in the Context of Low-Carbon Economy

With the continuous global focus on climate issues,the development of carbon financial market is also increasingly attracting the attention of all countries.Compared with the traditional finance,the core of carbon finance is extending around carbon emission right.Therefore,carbon finance,in its essence,is correlated with low-carbon economy.At present,the international carbon financial market has such characteristics as rapid increase of carbon trading volume,trading that is based on quota absolutely holding a leading place,wide range of market players,carbon financial products being diversified,EU holding the dominate place and Euro becoming the major currency of settlement,etc.At the same time,it has both the systematic and non-systematic risks.China should not only take an active part in the international carbon financial market,but also deal with the state strategic issues of climate changes from the global perspective,including strengthening the publicity,cultivating the intermediary institutions,expanding policy support,improving the capability of risk prevention,and so on.