CAJ | 학술논문

斯特恩说，碳排放代表着有史以来最大的“市场失灵”。“碳市场”，作为全球控制碳排放、实现低成本减排的一剂理论良方，被《京都议定书》推向现实舞台。然而，“第一代”碳市场在创造不菲交易量的同时，却遭遇了碳价格的滑铁卢，给低碳技术投资带来了巨大的负面影响。未来，碳市场必须进行碳价格形成机制的深度调整，建立起与边际减排成本相关的足够高的长期碳价格信号，目标转向促进低碳技术投资及其大规模的商业化发展。
사특은설，탄배방대표착유사이래최대적“시장실령”。“탄시장”，작위전구공제탄배방、실현저성본감배적일제이론량방，피《경도의정서》추향현실무태。연이，“제일대”탄시장재창조불비교역량적동시，각조우료탄개격적활철로，급저탄기술투자대래료거대적부면영향。미래，탄시장필수진행탄개격형성궤제적심도조정，건립기여변제감배성본상관적족구고적장기탄개격신호，목표전향촉진저탄기술투자급기대규모적상업화발전。
Stern says climate change is the greatest and widest - ranging ＂market failure＂ ever seen. The carbon market emerged as a good means to control global carbon emission and achieve cost effective emission reduc- tion. However, although the first generation carbon market created big trading volume, it brought about a crash in the price of carbon, which had a big negative impact on investment in low carbon technologies. In the future, the carbon market needs to be adjusted significantly by reforming the carbon price forming mechanism, in order to build a sufficiently high long - term carbon price signal correlated with the marginal cost of carbon emission reduction, and the objective should be shifted to incentivize investment in low carbon technologies and their commercial development in large scale.