中国工业经济
中國工業經濟
중국공업경제
China Industrial Economy
2010年
6期
5~14
,共null页
环境资本 负外部性 碳金融 金融创新 碳排放权交易 低碳经济
環境資本 負外部性 碳金融 金融創新 碳排放權交易 低碳經濟
배경자본 부외부성 탄금융 금융창신 탄배방권교역 저탄경제
environmental capital; negative externality; carbon finance; financial innovation; carbon emission permit trading; low carbon economy
在全球气候变化的背景下,通过市场机制和制度创新,发现环境资本的价值,基于环境资本构筑新的低碳经济增长模式,使环境资本由经济增长的外生因素转化为内生因素,以此内部化传统经济增长模式所带来的负外部性已经成为必然选择。在此,市场机制和制度创新的关键是基于环境资本和负外部性的金融创新,即由政府界定环境资源的初始产权并建立环境能源交易市场,引导企业在清洁发展机制的基础上进行环境资源（以碳排放权为代表）交易,大力发展环境金融或碳金融。
在全毬氣候變化的揹景下,通過市場機製和製度創新,髮現環境資本的價值,基于環境資本構築新的低碳經濟增長模式,使環境資本由經濟增長的外生因素轉化為內生因素,以此內部化傳統經濟增長模式所帶來的負外部性已經成為必然選擇。在此,市場機製和製度創新的關鍵是基于環境資本和負外部性的金融創新,即由政府界定環境資源的初始產權併建立環境能源交易市場,引導企業在清潔髮展機製的基礎上進行環境資源（以碳排放權為代錶）交易,大力髮展環境金融或碳金融。
재전구기후변화적배경하,통과시장궤제화제도창신,발현배경자본적개치,기우배경자본구축신적저탄경제증장모식,사배경자본유경제증장적외생인소전화위내생인소,이차내부화전통경제증장모식소대래적부외부성이경성위필연선택。재차,시장궤제화제도창신적관건시기우배경자본화부외부성적금융창신,즉유정부계정배경자원적초시산권병건립배경능원교역시장,인도기업재청길발전궤제적기출상진행배경자원（이탄배방권위대표）교역,대력발전배경금융혹탄금융。
In the background of global climate change,it is a must for the whole human community to internalize the negative externality of traditional economic growth model by realizing the value of environmental capital through market mechanism and institutional innovation and constructing a new low-carbon economic growth model based on environmental capital to change it from exogenous factor to endogenous factor.Here,the key issue of market mechanism and institutional innovation is the financial innovation based on environmental capital and negative externality.In detail,the government should clear the original property of environmental resources,set up environmental energy exchange market,conduct enterprises to make such kind of deals（which is represented by Carbon Emission Permit Trading） based on Clean Development Mechanism,and devote effort to develop environmental finance and carbon finance.
