The Role of Commercial Bank in Promoting Carbon Market Development in China
- Resource Type
- Conference
- Authors
- Shao, Hongmei; Rao, Xiaoping
- Source
- 2010 International Conference on E-Product E-Service and E-Entertainment E-Product E-Service and E-Entertainment (ICEEE), 2010 International Conference on. :1-4 Nov, 2010
- Subject
- Computing and Processing
Communication, Networking and Broadcast Technologies
Components, Circuits, Devices and Systems
Carbon dioxide
Carbon
Finance
Business
Global warming
Technological innovation
Meteorology
- Language
In low carbon economy era, the carbon finance based on carbon market is flourishing and pushing forward the development of carbon market. By analyzing the situation of the world and China's carbon market, as well as the benefits and risks commercial banks will get when they participate in carbon market, the paper indicates that China should establish a carbon finance system using commercial banks as a platform to promote the development of carbon market. The roles of commercial banks mainly include: to strengthen the financial support for the development of low-carbon economy; to strengthen the innovation of carbon derivatives products and risk prevention; to involve in the carbon emissions trading intermediary services actively.