Research on the Legalization Path for Constructing a Unified Carbon Market in Chengdu-Chongqing under the “Dual Carbon” Goals

Abstract

With the increasing severity of global climate change, countries worldwide are proposing carbon emission reduction targets to promote green and low-carbon development. As one of the world's largest carbon emitters, China has also put forward the “Dual Carbon” goals, namely carbon peak and carbon neutrality. Carbon emissions trading, as an important emission reduction tool, is gaining attention from governments. To achieve the “Dual Carbon” goals, constructing a unified carbon market is essential. The Chengdu-Chongqing economic circle, a significant economic hub in Southwest China, possesses unique geographical and resource advantages. The integrated development of its carbon emissions trading is of great importance for advancing the national carbon market. This paper focuses on the legalization path for constructing a unified carbon market in Chengdu-Chongqing under the “Dual Carbon” goals, aiming to promote sustainable development in the Chengdu-Chongqing economic circle, achieve the “Dual Carbon” goals, and provide a legalization path reference for integrated carbon emissions trading in other regions of China.