Research on China’s Carbon Emission Trading Mechanism and Implementation Path under the Dual Carbon Background

Abstract

Industrial development is closely linked to human social progress and is a key force driving social progress. However, it cannot be ignored that while the industrial sector continues to expand and evolve, it has also triggered a series of thorny problems, among which global climate change is particularly prominent and poses a serious threat to the future of humanity. In the context of "dual carbon", China's Emissions Trading System (ETS), as a core tool for market-oriented emission reduction, plays a crucial role in promoting low-carbon transformation. This article is based on the framework of the "Management Measures for Carbon Emission Trading", and systematically studies the rules for carbon quota allocation, trading, and verification. It analyzes the operational logic of the "Shanghai Trading+ Hubei Settlement" dual core architecture and explores the optimization direction of industry differentiated quota allocation paths and trading rules. The paper emphasizes that in order to achieve a more effective carbon emission trading mechanism in the context of "dual carbon", it is necessary to adhere to strengthening top-level design and legal protection, optimizing market structure and risk management, deepening industry differentiation policies, improving price regulation and trading mechanisms, strengthening supervision and performance constraints, and promoting international links and coordination. The research provides theoretical and practical basis for the improvement of China's carbon trading mechanism, and helps to systematically achieve the "dual carbon" goal.