Study on Current Application of Carbon Tax and Carbon Trading
While energy saving and emission reduction require a combination of administrative, taxation and market-based mechanisms, both the carbon tax and the carbon trading can play their own role functioning as a fiscal measure and a market means. This paper, based on an analysis of the current application of both carbon tax and carbon trading in China and China's basic conditions, proposes that emphasis should be laid on systematic studies on the effects of policies of energy saving and emission reduction, the primary work for the carbon tax and carbon trading should be strengthened, and comparative studies should be conducted on carbon tax and carbon trading.