Abstract:

In consideration of the gap between the goals of the Paris Agreement and global climate actions implied by the nationally determined contributions identified by the first Global Stocktake, utilizing international carbon pricing instruments to facilitate the GHG emission reduction activities, including market mechanisms, has become one of the key focus of international society. Besides the market mechanisms established by the Paris Agreement, IMF (International Monetary Fund), EU and other stakeholders have provided different policy proposals toward the arrangement of international carbon pricing. The analysis of different types of international carbon pricing policies shows that the market approach is more suitable for China. In order to improve impacts in carbon pricing area, it is suggested that China promote to enhance the framework of domestic carbon pricing mechanisms and facilitate the cooperation of cross border emission trading.

Key words: Paris Agreement, International carbon pricing, Bottom-up, Emission reduction efforts