Abstract

The carbon market has established itself as a pivotal legal instrument in the global strategy to mitigate climate change. This article presents a systematic analysis of the legal framework governing the carbon market in China the world’s largest emitter of greenhouse gases. By clarifying the regulatory mechanisms behind its operation, the paper evaluates China’s key achievements in emissions control and proposes several improvements, including strengthening legal accountability, enhancing information transparency, and expanding regulatory scope. The fi ndings off er both academic insight and practical value, particularly as a reference for developing carbon market regulations in emerging economies such as Vietnam.

Keywords: Carbon market, China, Vietnam.