Review on international comparison of carbon financial market

Abstract

With the continuous growth of the world’s population and the rapid development of various economies (especially some emerging countries), environmental protection and carbon emission reduction have become the consensus of the world, which has directly promoted the formation of the global carbon market and carbon finance. This paper proceeded from the background and significance of international carbon financial transactions and sorted out related studies on the connotation, concepts, and status of carbon financial markets. Subsequently, the international comparisons and analyses of seven aspects of the carbon financial market were conducted. This paper aims for making readers understand the current situation of the development of the global carbon financial market and providing the policy suggestions for some countries whose carbon financial researches are not deep enough, as well as the theoretical references for scholars in this field.

Keywords

• carbon financial market
• international comparison
• carbon emission
• carbon trading
• low-carbon