Legal system research on clean development mechanism(CDM) in China
According to the aim,establishing requirements and procedures,supervisory system of the Clean Development Mechanism(CDM) in Kyoto Protocol,this paper showed the tremendous environmental,social and economic profits China has made in running CDM.It also pointed out its problems in the aspects of project scale,potential project recognition,additional bank certification,CER legal right definition,project issue,etc.Referring to CDM's development tendency of the international world,this paper predicted that CDM,in a long term in future,will be an effective system against the global greenhouse gases discharge,and the tenets of CDM will be renewed and the detailed implementing institution of the CDM project will be perfected.In this paper,some suggestions on the legal institutions construction concerning China's CDM: a basic law of energy should be enacted urgently to offer legal bases for the measures including CDM against climatic changes;in legislation,the principle of the energy's sustained development should be established to specify CDM projects' proper standard,cancel the traditional unitary ownership pattern,explicit the CER legal authority and ownership and perfect the CDM projects' supervisory system to lower the danger the CDM projects have to face when pursuing economic profits,reinforce the CDM's profession norms and increase the CER issuing rate.