A study of contract legal issues in Chinese carbon market

Qing PEI, Dongmei JIANG, Mengheng ZHANG

Research output: Contribution to journalArticle

Abstract

Clean Development Mechanism (CDM) has given birth to an international carbon trading market prosperity, which provides developing countries with valuable opportunities to address climate change issues together with economic development and environmental improvement to achieve the sustainable goal. China, as the biggest carbon market, has caught worldwide attention. However, most studies of CDM focus on economics and environmental science, few on its legal problems. Transaction activities are the essence of market mechanism. To protect the benefits of market participators and regulate the market orders, the Contract Law takes this important role along with development of market mechanism. Therefore, this paper only focuses on the carbon market in China, with the assessment of the risks in the CDM development first. The involved contracts will be identified and analyzed to point out the major contract legal issues in Chinese carbon market. In the meantime, this paper further discusses that measurements at both private level and governmental level should be taken to protect and realize the utility and equality of contract in the carbon market. Copyright © 2009 生態經濟(英文版)編輯部.
Original languageEnglish
Pages (from-to)314-322
JournalEcological Economy
Volume5
Issue number4
Publication statusPublished - 01 Oct 2009

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Carbon markets
Legal issues
Clean development mechanism
Market mechanism
China
Contracts and law
Economics
Developing countries
Climate change
Economic development
Equality
Carbon trading
Prosperity
Market order

Citation

Pei, Q., Jiang, D., & Zhang, M. (2009). A study of contract legal issues in Chinese carbon market. Ecological Economy, 5(4), 314-322.

Keywords

  • Climate change
  • Clean Development Mechanism
  • Risks
  • Contract law