國內碳權商品交易發展可行性研究

杜文強(Wen-chiang Tu)

指導教授 ： 邱慈觀

國立中央大學/管理學院/管理學院高階主管企管碩士班/碩士(2014年)

摘要

在1997年的京都議定書及2009年的哥本哈根會議結束以後，碳排放的減量也逐漸成為全世界所關注的焦點。自從碳權交易制度出現以來，在市場上也逐漸發展出以碳權交易為主的衍生性金融商品。
隨著國際碳權交易市場概念逐漸獲得共識，利用碳權交易減少二氧化碳排放，已經逐漸納入世界各國減緩溫室氣體效應的規範，並且成為台灣近年來在環境規範規劃的重要政策。以長期經濟效益觀點，分析政府碳權交易措施、碳權交易平台建構，為政府目標規劃決策重要參考模式。
台灣在京都議定書的條文參照之下，碳交易已儼然成為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，碳交易平台所含之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，碳權交易平台將包括經紀商、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，本研究探討金融機構建立碳權交易平台可行性研究，最後給予我政府建議執行方向。

關鍵字

碳權商品

並列摘要

From Kyoto Protocol in 1997 to Copenhagen Accord （COP15） in 2009, the carbon emissions reduction has become the focus around the world. Since the carbon trading system has begun to work, the carbon trading derivatives gradually developed in the market.
Given carbon trading market as an international recognition of reduction alternative, Carbon Credit Trading becomes an important issue of environment policy to mitigate global warming effect, and so does in Taiwan. Long-term economic point of view, the analysis of the Government's carbon trading measures, carbon trading platform construction, planning decisions an important reference model for the government targets。
Taiwan beyond the compliance of “Kyoto Protocol”, carbon trading has become an essential way to reduce carbon emissions in industrialized and developing countries. Carbon trading platform regarding to 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 the financial organization’s role to establish a carbon trading business platform feasibility studies , and finally provides suggestions and improvements to our government .

並列關鍵字

carbon credit

參考文獻

23. 張艮輝、簡慧貞、呂鴻光（2002），「臭氧污染控制物種與空氣污染防制策略之分析」，中華民國環境保護學會學刊，第25 卷，第二期。

1. Australia Climate Exchange : http : // www.climateexchange.com.au/

3. Chicago Climate Exchange : http : // www.chicagoclimatex.com/

4. Chicago Climate Futures Exchange, LLC Rulebook

5. Chicago Climate Futures Exchange : http : // www.chicagoclimatex.com/