低碳经济与碳金融发展路径

低碳经济是以低能耗、低污染、低排放为基础的经济模式,是人类社会继农业文明、工业文明之后的又一次重大进步。随着低碳经济的迅速兴起,与之相关的碳金融也得到迅速发展。低碳经济给金融业带来了巨大的发展机会。我国的碳金融处于起步阶段,政府部门和金融机构自身都应该采取相应措施,加强市场建设,完善政策环境,积极推动碳金融的发展,为促进我国低碳经济发展提供金融支持。

《全球温室气体减排机制革新和中国的政策响应》：中国温室气体减排应对政策

数量经济与技术经济所徐嵩龄研究员主持完成的国家社科基金一般项目成果《全球温室气体减排机制革新和中国的政策响应》，紧扣国际大气环保研究领域前沿，探讨中国温室气体减排应对政策。

An Optimal Model for Carbon Sinks of CDM Project to Build a New Countryside Based on Cyclic Economy under Uncertainty

Based on the status and characteristics of Clean Development Mechanism （CDM） renewable energy project and the mode of cyclic economy, aimed at achieving the maximum capacity of carbon sinks in the system, Lvjin Jiayuan—New Countryside Distripark CDM project in Wuchuan County was taken as an example for developing an interval linear programming （ILP） model to optimize the crops planting scheme and cows breeding scheme by using interval optimal method. The case showed that the optimized crops planting scheme and cows breeding scheme obtained from the optimal model was reasonable with relatively preferable overall performance. In the context of meeting economic benefits and fertilizer, electricity demand, [231 287.8, 273 312.7] t of CO2 could be absorbed and fixed, which had increased by [12.94, 33.46]% compared with the feasibility scheme of case project and provided technical support for making the decision in CDM project.

Environmental Capital,Negative Externality and Carbon Finance Innovation

In the context of global climate change,the internalization of negative externality,which is brought about by the traditional mode of economic growth,has become an inevitable choice.In order to achieve the internalization,it is necessary to make innovations on the market mechanism and system,find the value of environmental capital,establish a new mode of economic growth based on environmental capital,and then transform the environmental capital,an exogenous factor of economic growth,into an endogenous factor.Of this,the key of market mechanism and system innovation is the financial innovation that is based on environmental capital and negative externality;the government defines the initial property right of environmental resources and establishes environment energy trading market,so as to guide enterprises to trade environmental resources(represented by carbon emission permit trading) based on the Clean Development Mechanism,and to vigorously develop environmental finance and carbon finance.

A study of legal attributes of carbon emission rights in carbon trading

Clean Development Mechanism (CDM) has given birth to an international carbon trading market prosperity, which provides developing countries with valuable opportunity to address climate change issues right along with economic development and environmental improvement to achieve sustainable development. However, most studies of CDM focus on economics, and few on its legal problems. CDM involves too many aspects. And the clear legal attribute of trading object is the basis of progress of the transaction and also the start point of legal protection. Therefore, this paper in accordance with the inherent principle of property rights economics, and environmental economics in CDM, only discusses CDM carbon emission right legal interpretation and its attribution. The paper recommends that in order to ensure and promote the carbon emission right trading, carbon emission right should be attributed into the system of real rights to be regulated by Real Right Law. In this way, carbon emission right can gain exclusive power of possession and use, which can achieve a clear right def inition of environmental goods in line with Coase's theory to protect Chinese prof it in carbon trading market and promote the development of the carbon trading market further.

Model of Wetland Carbon Sequestration in the Venetian Lagoon, Italy

This research deals with an evaluation of the sink of greenhouse gas CO2 in a eutrophic area of the Venetian lagoon where fish is farmed （＂Valle da pesca＂）. Following CDM UNFCCC （Clean Development Mechanism United Nations Framework Convention on Climate Change） criteria, this can be considered relevant to the international standard for the voluntary evaluation of carbon credits on the basis of Annex a of Kyoto Protocol. To identify the ＂Valle da pesca＂ brackish lagoon properties regulating the carbon dioxide （CO2）, a survey has been performed during three seasons in one year and in four different locations. These places are located in the Italian Venetian Lagoon and in the Grado Lagoon in North Italy, Europe. To identify the CO2 sink capacity, a special index is calculated. The CO2 concentrations and sink are regulated by the balance of autotrophic and heterotrophic activities, and the sediment anoxic denitrification and macro algae are crucial tank of CO2 in the valley shallow waters. The ponds potential-CO2 yield of 80-124 kg/m2 per year and the value are related and proportional to the correct human environmental control （water flux control）.

Assessment of CDM Activities by a Generation Planning Model of the Chinese Power Grids

A generation planning model of six main power grids in China is developed to evaluate the potential of advanced power generation technologies into the Chinese power system as CDM （clean development mechanism）. It is investigated how delivered coal price, on-grid power price, and environmental protection may influence the potential of advanced thermal power generation as CDM projects. One finding from the baseline analysis is that coal price, on-grid power price, and environmental protection policy have only a small significance to the grid-wide specific CO2 emissions of thermal power generation up to the year 2026, while the best thermal generation mix is influenced largely by environmental protection policy. And it is found that not only the price of CER （certified emission reduction） and the length of crediting period but also on-grid power price and the reduction of air pollutants in the baseline have a significant influence on the potential of the CDM activities.

Singularities and Entropy in Bulk Viscosity Dark Energy Model

In this paper bulk viscosity is introduced to describe the effects of cosmic non-perfect fluid on the cosmos evolution and to build the unified dark energy （DE） with （dark） matter models. Also we derive a general relation between the bulk viscosity form and Hubble parameter that can provide a procedure for the viscosity DE model building. Especially, a redshift dependent viscosity parameter ζ ∝ λ0 ＋λ1（1 ＋z）n proposed in the previous work [X.H. Meng and X. Dou, Commun. Theor. Phys. B2 （2009） 377] is investigated extensively in this present work. Further more we use the recently released supernova dataset （the Constitution dataset） to constrain the model parameters. In order to differentiate the proposed concrete dark energy models from the well known ACDM model, statefinder diagnostic method is applied to this bulk viscosity model, as a complementary to the Om parameter diagnostic and the deceleration parameter analysis performed by us before. The DE model evolution behavior and tendency are shown in the plane of the statefinder diagnostic parameter pair {τ, s} as axes where the fixed point represents the A CDM model The possible singularity property in this bulk viscosity cosmology is also discussed to which we can conclude that in the different parameter regions chosen properly, this concrete viscosity DE model can have various late evolution behaviors and the late time singularity could be avoided. We also calculate the cosmic entropy in the bulk viscosity dark energy frame, and find that the total entropy in the viscosity DE model increases monotonously with respect to the scale factor evolution, thus this monotonous increasing property can indicate an arrow of time in the universe evolution, though the quantum version of the arrow of time is still very puzzling.

Review of Carbon Emissions Trading Production Model and Research on Its Applications in China

With the Kyoto Protocol entering into effect in many countries one after another,carbon trading has come into being and developed quickly.China is the main supplier of carbon emissions rights in the world,but such transactions are still in the stage of Clean Development Mechanism (CDM) projects without its own trading system,which is not conducive for China to win the rights of carbon pricing in the international market.Low-carbon and emissions reduction is the international trend nowadays,and therefore,it is particularly necessary and urgent to investigate the issue of carbon trading in China.In this paper,the authors have reviewed Putty-Clay Vintage,which is a model of production function for carbon trading,revealing the main points,contributions and shortcomings of the model.Combined with China's national conditions,the authors have investigated the application of this model in China's carbon trading from four different angles,including enterprise production optimization,financial market development,national macro-economy,and the allocation of emission quota.This study aims to provide China's enterprises with an analytical framework when participating in carbon trading in the future and it is beneficial for them to make optimal production planning when considering the cost of carbon emissions reduction.

Application of Tradable Emission Permits in Europe

The purpose of this study is merely to review the current situation in the designing and implementation of the emission trading programs in Europe. Historical data show that although there is a series of shortcomings in their current functioning, employing such instruments for GHG reduction policy making is strongly expected to be efficient and effective. The European Union Emission Trading Scheme (EU ETS), Clean Development Mechanism (CDM) and Joint Implementation (JI) are just a few examples of the ambitious EU initiative that heavily relies on such instruments. We dwell on their operations and achievements by far and all the content in this article is expected to convince the Chinese government and regional public authorities to take positive actions and attitudes in promoting these instruments.

A Comparative Study on the Implementation of CDM Projects in India

Since the Clean Development Mechanism(CDM) under the Kyoto Protocol was initiated,China and India have overwhelmingly led other developing countries regarding CDM projects development.A comparative study of the CDM in India and China is conducted as there are many similarities between both India and China with regard to the CDM implementation due to the fact that India is another major developing country with a large population and a potential source of GHG emissions rivaling China in the near future.Through examining the development of and legal issues for CDM projects in India,its experience and lessons regarding developing and managing CDM projects that China can critically learn are discussed.

CDM Project Activities in China's Iron and Steel Industry:Current Status,Barriers and Development Strategies

China is now facing huge pressure from both the domestic concern of energy security and the global community's call for emission reduction commitment.As one of the major energy consumers and greenhouse gas emitters,China's iron and steel industry has a huge clean development mechanism(CDM) potential.This article both quantitatively and qualitatively analyzes the current status of CDM project activities in the iron and steel industry in China,including characteristics of approved project types,applicable methodologies,and potential technology fields.From the perspective of project implementation,the article summarizes development barriers such as high investment risk,difficulty in project identification,strict requirements on PPDs,long registration waiting time,and etc.Policy suggestions are also put forwarded to help better promote the development of CDM projects in the iron and steel industry.

High Cycle Fatigue Life Prediction and Reliability Analysis of Aeroengine Blades

Based on the nonlinear continuum damage model （CDM） developed by Chaboehe, a modified model for high cycle fatigue of TC4 alloy was proposed. Unsymmetrical cycle fatigue tests were conducted on rod specimens at room temperature. Then the material parameters needed in the CDM were obtained by the fatigue tests, and the stress distribution of the specimen was calculated by FE method. Compared with the linear damage model （LDM）, the dam- age results and the life prediction of the CDM show a better agreement with the test and they are more precise than the LDM. By applying the CDM developed in this study to the life prediction of aeroengine blades, it is concluded that the root is the most dangerous region of the whole blade and the shortest life is 58 211 cycles. Finally, the Cox propor- tional hazard model of survival analysis was applied to the analysis of the fatigue reliability. The Cox model takes the covariates into consideration, which include diameter, weight, mean stress and tensile strength. The result shows that the mean stress is the only factor that accelerates the fracture process.

Analysis of Potential for HFC-23 Emission Reduction in China's Fluorine Chemical Industry

China is one of the major producers of chlorodifluoromethane(HCFC-22)in the world.A large amount of fluoroform(HFC-23)is emitted during the production of HCFC-22.Emission factors of HFC-23 were calculated in accordance with the monitoring reports of eleven HFC-23 clean development mechanism(CDM)projects in China and the HFC-23emissions in 2000–2010 as well as that in 2011–2020 were estimated and projected,respectively.It is expected that,by the end of 2020,emissions of HFC-23 in China will be as much as 230 Mt CO2-eq.If HCFC-22 producers voluntarily reduced HFC-23 emissions,it would contribute 3.2%–3.6%to the national CO2emission reduction target for 2020.

A study of regional CDM projects distribution in China

CDM will reduce the global GHG emissions with lower costs while promoting sustainable development of the developing countries.However,the lack of distribution equilibrium has been a problem not solved for a long time.In order to increase CDM distribution equilibrium in China,CDM support requirement extent of different areas is analyzed based on the study on the economic development and sustainable development capability.At the same time,registered and issued projects are analyzed to have an assessment on the CDM distribution equilibrium in China.Based on the study,it is concluded that there is a lack of CDM distribution equilibrium in China as most of CDM support has gone to the relatively more developed areas.Based on the reason analysis from the sector development,CDM market and information circulation aspects,suggestions are given to support CDM development in western areas by the"sector development guidance+CDM capability construction+market support"mode in this paper.

Research on regional capability constructive models of clean development mechanism

Global climate change has been identified as the first of the top ten environmental problems in the world. As climate change will have serious effects on the social and economic development and everyday, living of people in the world, many of the countries and governments are taking untiring efforts to combat climate change. As one of the important mechanisms of reducing greenhouse gas （GHG） emissions in the Kyoto Protocol, Clean Development Mechanism （CDM） has not only provided chance for developed countries to fulfill greenhouse emission reduction obligations, but also provided an opportunity for developing countries to combat climate change under the sustainable development frame. The dual objectives of developed countries＇ GHG emissions＇ reduction obligation achievement and developing cotmtries＇sustainable development will be achieved under the CDM. As a country with responsibility; China has been positively developing CDM projects and promoting energy saving and emissions reduction during the three yeors after the Kyoto Protocol came into force, and CDM projects development has always been in the front tank in the world. However; as the vast clime within China, notable differences occur in different regions. In order to promote the CDM development in China, it is necessa^T to have regional CDM capability construction in accordance with the practicality in different regions. Based on the Slat Analysis of developed CDM projects and current CDM development status in China, problems in the CDM development of China, including the inefficiency in small and medium-sized CDM Projects＇ development, over centralization of CDM development scope and especially the differentiated provincial CDM projects developing capability are pointed out in the paper： What＇s more, reasons for the problems are analyzed from fire leading.factors, including policy orient, information asymmetry and weak CDM capability, In order to promote CDM projects development in China, a new CDM capability, construction model is put forward in the paper.

Including Co-benefits in the CDM of the Power Sector： A Case Study for India

This study examines the effects of the inclusion of co-benefits on the potential capacity of advanced thermal plants with a linear programming model in the CDM （clean development mechanism） in India＇s power sector. It investigates how different marginal damage costs of air pollutants affect the potential capacity of NGCC （natural gas combined cycle） and IGCC （integrated gasification combined cycle） by CDM projects with a scenario analysis. Three results are found from this analysis. First, IGCC and NGCC are installed at lower CER （certified emission reductions） prices when the marginal damage costs of air pollutants are added to the CER prices. Second, the CER prices of $1/tCO2 correspond with the sum of marginal damage costs of air pollutants of $150/t for NGCC and $30/t for IGCC in India＇s power sector. Thus, including the co-benefits into CDM attracts developing countries such as India where coal resource is redundant. Third, the SOx and NOx reduction benefits attained from the CDM projects become large in a grid where IGCC is installed.

Analysis of the Clean Development Mechanism Considering the Environmental Co-benefits of Reducing Air Pollutants in China

An electricity generation planning model of the six major Chinese power grids was developed based on the General Algebraic Modeling System to evaluate and analyze the CDM （clean development mechanism）, including consideration of the environmental co-benefits of reductions in air pollutants （SO~, NO~ and particulate matter） achieved by advanced electricity generation technologies incorporating CCS （carbon capture and storage）. An objective function was developed that included revenue from sales of electric power, total system cost, the cost of CO2 transport and storage, and emissions reduction co-benefits for SOx, NO~, and particulate matter. The objective function was minimized using an optimization model. We also developed a method for evaluating and analyzing the potential for transferring advanced power generation technologies into the Chinese power system through the CDM. We found that： （1） thermal power generation is predominant in the Chinese electricity system and will remain so for a long time; （2） advanced thermal plants are being installed as a result of the CDM, which contribute to decreasing emissions of CO2 and other air pollutants; and （3） CCS projects have significant potential to reduce substantial and sustained CO2 emissions from the Chinese power and industrial sectors.

Continuum damage mechanics based modeling progressive failure of woven-fabric composite laminate under low velocity impact

A continuum damage mechanics (CDM) meso-model was derived for both intraply and interply progressive failure behaviors of a 2D woven-fabric composite laminate under a transversely low velocity impact.An in-plane anisotropic damage constitutive model of a 2D woven composite ply was derived based on CDM within a thermodynamic framework,an elastic constitutive model with damage for the fibre directions and an elastic-plastic constitutive model with damage for the shear direction.The progressive failure behavior of a 2D woven composite ply is determined by the damage internal variables in different directions with appropriate damage evolution equations.The interface between two adjacent 2D woven composite plies with different ply orientations was modeled by a traction-separation law based interface element.An isotropic damage constitutive law with CDM properties was used for the interface element,and a damage surface which combines stress and fracture mechanics failure criteria was employed to derive the damage initiation and evolution for the mixed-mode delamination of the interface elements.Numerical analysis and experiments were both carried out on a 2D woven glass fibre/epoxy laminate.The simulation results are in agreement with the experimental counterparts,verifying the progressive failure model of a woven composite laminate.The proposed model will enhance the understanding of dynamic deformation and progressive failure behavior of composite laminate structures in the low velocity impact process.