简介：ThispaperanalyzesthethreemainfundamentalissuesinthedesignofChina’sETSpilots,includingallowanceallocation,pricemechanismandstate-ownedkeyenterprises,andproposedsuggestedsolutions.Fortheissueofallowanceallocation,wesuggestthatthegradualhybridmodecouldbeappliedatthebeginning,whichstartswithmainlyfreeallocationandthenincreasesauctionratiogradually.Andgrandfatheringisasuitablemethodoffreeallocation.Fortheissueofpricemechanism,wesuggestapricefloatingzonewithopenmarketoperationtoreducetheuncertaintyofprices.Fortheissueofstate-ownedkeyenterprises,wesuggestagoodcoordinationwithSASAC,definingthestate-ownedpropertyrightandsupervisionrightwhenstate-ownedkeyenterprisesareinvolvedintothecarbonmarket,andthelocalgovernmentcansetrulesofallocationandtransactiontolimittheirpotentialmarketpower.