Innovation of Green Technology, Redistribution of Global Investment Funds and Emission Trading in the Paris Agreement Scheme of Climate Change
- The climate change is well known as global public goods. Provision of global public goods is likely to convey market and government failures in the global community. The global community should prevent these failures from transforming into complicated issues. In the Paris Agreement adopted in COP 21, 2015 each member country should announce voluntarily the target to reduce the emission of the greenhouse gases.
We construct the integrated scheme for the global climate change issues. In the firm structure of agreement each participant of this scheme should owe the obligation to be attained. Markets of emission trading could be designed to be an effective option for the purposes and should be improved in the practical experiences positively. Many governments have promoted policies to innovate environmental technology for another purpose of generating energy efficiently. By developing the integrated theoretical model of global community, we can expect to manage the efficiently constructed mechanism with the green innovation and the scheme of emission trading market. In this paper, we make a method to investigate the social impact of emission trading market on the global community. The impact analysis will enforce the driving power to guide the global community into the effective mechanism to reduce greenhouse gases.
RESEARCH PAPERS, No.5, pp.7-24