Open AccessManagement strategy for carbon trading in Indo-Pacific common market
Author(s) -
Colin W. K. Chen,
Yuting Chen
Publication year - 2019
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.179
H-Index - 26
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/373/1/012025
Subject(s) - carbon market , alternative trading system , emissions trading , clean development mechanism , greenhouse gas , database transaction , carbon credit , business , transaction cost , carbon fibers , carbon price , carbon offset , market microstructure , algorithmic trading , single market , natural resource economics , economics , international trade , order (exchange) , european union , finance , computer science , ecology , algorithm , composite number , biology , programming language
The global climate change caused by greenhouse effect is the most important thing that everyone is paying attention to today. The use of carbon trading to achieve carbon reductions is a recognized and effective way. However, in the face of complex economic development, there are different regions in the world that have formed a market for carbon trading. This paper proposes a common market mechanism based on the Indo-Pacific region. Under the reality that all member countries in the region have complementary, it is possible to achieve the goal of reducing emissions through carbon trading. First, explain the current carbon reduction trends and major carbon trading markets around the world. These include the region in which the market is located, the benefits of the exchange, the form in which the transaction can be used, and the legal norms that must be in place in actual operation. Secondly, discuss the reduction target strategies of countries and the operating conditions of the carbon trading market. Finally, the integration structure of the multi-country carbon trading market under the IndoChina common market are proposed.