A climate change organization suggested Chinese policymakers establish a national regulatory commission for the country's fledging carbon market, noting that current plans call for setting up a national market within the decade.

To drum up the financing needed to contend with climate change, seven emissions trading systems are being tested out in China.

The National Development and Reform Commission, China's top economic planner, is now in charge of the systems, but an independent national regulatory commission will be needed when the market becomes more developed, said Wu Changhua, the Greater China director of the Climate Group, a non-governmental organization.

Climate financing is a fairly new idea. Because it will play an important role in China's attempts to cope with climate change, the government should regard climate financing as a national strategy, according to research conducted by the NGO and the research center for climate and energy finance under the China University of Finance and Economics.

The research suggested that China should set up a national climate change fund to support projects that are meant to reduce the harm caused by climate change and establish monitoring and assessment mechanisms for climate funds.

It also strongly suggested that the Ministry of Finance set up a special budget item for climate change, noting that budgetary money has been dispersed widely among various items. That has hindered efforts to concentrate resources on projects dealing with climate change, Wu said.

Tang Maoheng, chief product specialist at the corporate banking unit of the Bank of China Ltd, said private capital has already played an important role in China's new energy industries, such as the wind and solar industries, partly because of "green credits", which are another financing mechanism used in China to contend with climate change.

滬江英語快訊：國際非營利機(jī)構(gòu)氣候組織近日在北京發(fā)布的“中國氣候融資管理體制機(jī)制研究報(bào)告”指出，氣候融資在應(yīng)對(duì)氣候變化行動(dòng)中處于關(guān)鍵地位，建議中國政府建立有效的氣候融資管理機(jī)構(gòu)和長(zhǎng)效機(jī)制。但無論是發(fā)展中國家還是發(fā)達(dá)國家，完善的機(jī)構(gòu)設(shè)置和治理體系對(duì)于開展氣候融資工作、應(yīng)對(duì)氣候變化問題至關(guān)重要，但當(dāng)前世界各國對(duì)于標(biāo)準(zhǔn)和規(guī)則的建立仍處于探索和實(shí)踐階段。