Environmental Capital,Negative Externality and Carbon Finance Innovation |
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| Authors: | Tang Yuejun Li Defu .School of Management Fudan University Shanghai China .School of Economics Management Tongji University Shanghai |
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| Affiliation: | 1. School of Management, Fudan University, Shanghai 200433, China
2. School of Economics and Management, Tongji University, Shanghai 200092, China |
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| Abstract: | In the context of global climate change,the internalization of negative externality,which is brought about by the traditional mode of economic growth,has become an inevitable choice.In order to achieve the internalization,it is necessary to make innovations on the market mechanism and system,find the value of environmental capital,establish a new mode of economic growth based on environmental capital,and then transform the environmental capital,an exogenous factor of economic growth,into an endogenous facto... |
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| Keywords: | environmental capital negative externality carbon finance financial innovation carbon emission permit trading lowcarbon economy |
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