金融業者碳權市場之新契機

New Opportunity of Financial Service Industry in Carbon Market

管偉君(Wei-Chun Kuan)

指導教授 ： 邱慈觀

國立中央大學/管理學院/財務金融學系碩士在職專班/碩士(2011年)

摘要

在京都議定書的條文約束之下，碳交易已儼然成為先進國家達成減碳目的之主要手段。不論是以專案或以配額為基礎的碳交易市場，金融機構除為價格發現者外，亦扮演非常重要的金融仲介者角色，包括經紀商、交易商、商業銀行、碳資產開發商、保險業及投資銀行業等，隨著碳市場交易規模擴大，流動性增加，市場透明度提高，金融服務業在應對氣候變化上發揮著雙重作用：既要減緩氣候變化對經濟金融體系的負面效應，又要在適應氣候變化中把握契機，提供管理氣候風險的金融產品和服務，最終實現減排目標，金融服務業發揮的作用也從最初的仲介擴展到功能，加上金融仲介的功能不同，應對氣候變化上之作用及責任也有所不同。
碳交易市場的出現，是首次環境領域與金融領域之結合，本研究探討高盛銀行及荷蘭銀行於碳金融業務中之發展比較，最後給予我國建議及改善方向。

關鍵字

金融仲介 ； 碳交易

並列摘要

Beyond the compliance of “Kyoto Protocol”, carbon trading has become an essential way to reduce carbon emissions in industrialized and developing countries. Financial service industry is not only a “price discover” but a specialist broker, ranging from clearing agents, trading brokers, commercial banks, carbon asset developers, insurance underwriters, and investment banks, not only in “Project-based” but in “Allowance-based” carbon trading market. As the carbon market is expanding trading scale, increasing liquidity, and enhancing transparency, financial service industry brings about double effects to cope with the climate change: to mitigate negative effects caused by “Climate Change” in the economy, and to grasp the business opportunity to adapt to climate change, providing financial products and services regarding climate change management. The role and responsibility of financial service industry are extended from a broker to a functional player, and differ in responding to the climate change.

The emergence of carbon market is the virgin integration between environment issues and financial areas. This research studies Goldman Sachs and ABN AMRO’s roles in carbon trading, and finally provides suggestions and improvements to our country.

並列關鍵字

Carbon Broker ； Carbon Trading

參考文獻

9.羅時芳，中華經濟研究院國際經濟所助理研究員，〈全球碳市場趨勢及對我國金融產業之啟示〉

3.Environmental Finance。

一、期刊論文

1.Carbon funds。

2.Point Carbon。