{"id":2216,"date":"2026-06-04T09:26:03","date_gmt":"2026-06-04T17:26:03","guid":{"rendered":"https:\/\/afallo2.com\/?p=2216"},"modified":"2026-06-04T09:26:04","modified_gmt":"2026-06-04T17:26:04","slug":"%e3%80%90part-3%e3%80%91market-intermediaries-liquidity-provision-and-the-acceleration-of-trade","status":"publish","type":"post","link":"https:\/\/afallo2.com\/zh_tw\/%e3%80%90part-3%e3%80%91market-intermediaries-liquidity-provision-and-the-acceleration-of-trade\/","title":{"rendered":"\u3010Part 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and traders\uff09\u3001\u4ea4\u6613\u5e02\u5834\uff08Marketplaces\uff09\u3001\u4ea4\u6613\u6240\uff08Exchanges\uff09\u8207\u884d\u751f\u6027\u91d1\u878d\u5546\u54c1\u958b\u767c\u5546\uff08Derivatives developers\uff09\u3002<br><br><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\"><strong>\u78b3\u4fe1\u7528\u7684\u5c08\u696d\u5a92\u4eba\uff1a\u7d93\u7d00\u5546\u8207\u4ea4\u6613\u5546<\/strong><\/mark><\/p>\n\n\n\n<p>\u7d93\u7d00\u5546\u8207\u4ea4\u6613\u5546\u626e\u6f14\u8457\u6a4b\u6a11\u89d2\u8272\u3002\u4ed6\u5011\u64ae\u5408\u8cb7\u8ce3\u96d9\u65b9\uff0c\u63d0\u4f9b\u5e02\u5834\u8cc7\u8a0a\u8207\u50f9\u683c\u5831\u544a\uff0c\u4e26\u5354\u52a9\u4f01\u696d\u6216\u6295\u8cc7\u8005\u5224\u65b7\u6700\u4f73\u4ea4\u6613\u6642\u6a5f\u3002\u5728\u67d0\u4e9b\u60c5\u6cc1\u4e0b\uff0c\u4ed6\u5011\u751a\u81f3\u6703\u9810\u5148\u8cfc\u8cb7\u78b3\u4fe1\u7528\u4ee5\u4fdd\u6301\u5e02\u5834\u6d41\u52d5\u6027\uff0c\u78ba\u4fdd\u8cb7\u5bb6\u96a8\u6642\u80fd\u5920\u53d6\u5f97\u6240\u9700\u7684\u78b3\u6b0a\u3002<\/p>\n\n\n\n<p><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\"><strong>\u4ea4\u6613\u6a5f\u5236\u7b56\u5283\u5bb6\uff1a\u5c08\u6848\u5e02\u5834\u3001\u4ea4\u6613\u6240\u8207\u884d\u751f\u6027\u91d1\u878d\u5546\u54c1\u958b\u767c\u5546<\/strong><\/mark><\/p>\n\n\n\n<p>\u5c08\u6848\u5e02\u5834\u5c31\u50cf\u78b3\u5c08\u6848\u7684\u300c\u767e\u8ca8\u516c\u53f8\u300d\uff0c\u5c07\u5404\u985e\u78b3\u5c08\u6848\u6574\u9f4a\u9673\u5217\uff0c\u65b9\u4fbf\u8cb7\u5bb6\u5728\u540c\u4e00\u5e73\u53f0\u4e0a\u700f\u89bd\u3001\u6bd4\u8f03\u3001\u6311\u9078\u4e26\u76f4\u63a5\u4ea4\u6613\u3002\u4f8b\u5982\uff0cClimate Impact X \u5e73\u53f0\u63d0\u4f9b\u4ea4\u6613\u64ae\u5408\u3001\u50f9\u683c\u63ed\u793a\u8207\u54c1\u8cea\u7be9\u9078\u529f\u80fd\uff0c\u8b93\u8cb7\u5bb6\u9078\u64c7\u6700\u7b26\u5408\u9700\u6c42\u7684\u78b3\u5c08\u6848\uff1bPachama\u5247\u7d50\u5408\u885b\u661f\u76e3\u6e2c\u8207AI\u6280\u8853\uff0c\u63d0\u4f9b\u68ee\u6797\u78b3\u5c08\u6848\u7684\u5373\u6642\u6578\u64da\uff0c\u5e6b\u52a9\u8cb7\u5bb6\u505a\u51fa\u660e\u667a\u6c7a\u7b56\u3002<\/p>\n\n\n\n<p>\u78b3\u4fe1\u7528\u4ea4\u6613\u6240\u7684\u904b\u4f5c\u65b9\u5f0f\u5247\u662f\u985e\u4f3c\u80a1\u7968\u4ea4\u6613\u6240\uff0c\u5b83\u63d0\u4f9b\u6a19\u6e96\u5316\u7684\u8cb7\u8ce3\u898f\u5247\u3001\u96c6\u4e2d\u64ae\u5408\u548c\u6e05\u7b97\u6a5f\u5236\uff0c\u4fdd\u969c\u4ea4\u6613\u900f\u660e\u8207\u5b89\u5168\u3002\u8207\u80a1\u5e02\u4ea4\u6613\u4e0d\u540c\u7684\u662f\uff0c\u9673\u5217\u5728\u78b3\u4fe1\u7528\u4ea4\u6613\u6240\u7684\u50f9\u683c\u901a\u5e38\u4e0d\u6703\u56e0\u6bcf\u7b46\u6210\u4ea4\u7acb\u5373\u6ce2\u52d5\uff0c\u800c\u662f\u900f\u904e\u6279\u6b21\u6216\u62cd\u8ce3\u65b9\u5f0f\u66f4\u65b0\uff0c\u56e0\u6b64\u50f9\u683c\u8b8a\u5316\u76f8\u5c0d\u7a69\u5b9a\u3002\u9019\u7a2e\u8a2d\u8a08\u65e2\u80fd\u652f\u6490\u5927\u578b\u8cb7\u5bb6\u7684\u4ea4\u6613\u9700\u6c42\uff0c\u4e5f\u70ba\u5e02\u5834\u63d0\u4f9b\u6e05\u6670\u7684\u50f9\u683c\u53c3\u8003\u3002Xpansiv CBL \u548c Carbon Trade Xchange \uff08CTX\uff09\u5c31\u662f\u9019\u985e\u4ea4\u6613\u6240\u7684\u4ee3\u8868\uff0c\u5b83\u5011\u900f\u904e\u900f\u660e\u7684\u50f9\u683c\u7cfb\u7d71\uff0c\u63d0\u4f9b\u5e02\u5834\u5373\u6642\u7684\u50f9\u683c\u53c3\u8003\u8207\u6210\u4ea4\u60c5\u6cc1\uff0c\u5354\u52a9\u8cb7\u5bb6\u638c\u63e1\u884c\u60c5\uff0c\u540c\u6642\u78ba\u4fdd\u4ea4\u6613\u5b89\u5168\u8207\u516c\u4fe1\u529b\u3002<\/p>\n\n\n\n<p>\u884d\u751f\u6027\u91d1\u878d\u5546\u54c1\u958b\u767c\u5546\u4f8b\u5982ICE\u8207CME Group\uff0c\u5247\u70ba\u5e02\u5834\u63d0\u4f9b\u671f\u8ca8\u3001\u671f\u6b0a\u7b49\u91d1\u878d\u5de5\u5177\uff0c\u4f7f\u4f01\u696d\u80fd\u6709\u6548\u7ba1\u7406\u78b3\u4fe1\u7528\u50f9\u683c\u6ce2\u52d5\u98a8\u96aa\uff0c\u4e26\u9396\u5b9a\u672a\u4f86\u4ea4\u6613\u6210\u672c\u3002\u9019\u4e9b\u884d\u751f\u5546\u54c1\u4e0d\u50c5\u589e\u52a0\u5e02\u5834\u6df1\u5ea6\uff0c\u4e5f\u4fc3\u9032\u78b3\u4fe1\u7528\u4ea4\u6613\u5411\u6210\u719f\u91d1\u878d\u5e02\u5834\u9760\u650f\u3002\u884d\u751f\u6027\u91d1\u878d\u5546\u54c1\u958b\u767c\u5546\u5728\u78b3\u5e02\u5834\u4e2d\u626e\u6f14\u5c07\u74b0\u5883\u8cc7\u7522\u8207\u91d1\u878d\u5e02\u5834\u7d50\u5408\u7684\u6a4b\u6a11\u89d2\u8272\uff0c\u4fc3\u4f7f\u78b3\u4ea4\u6613\u66f4\u52a0\u5b8c\u5584\u548c\u5177\u5099\u91d1\u878d\u5c64\u9762\u7684\u591a\u6a23\u6027\uff0c\u63a8\u52d5\u78b3\u5e02\u5834\u7684\u6210\u719f\u548c\u7a69\u5065\u767c\u5c55\u3002<\/p>\n\n\n\n<p><strong><mark style=\"background-color:#0693e3\" class=\"has-inline-color has-white-color\">\ud83d\udca1\u300c\u5e02\u5834\u4e2d\u4ecb\u8207\u4ea4\u6613\u670d\u52d9\u7aef\u300d\u5916\u7684\u76f4\u63a5\u4ea4\u6613<\/mark><\/strong><\/p>\n\n\n\n<p>\u9664\u4e86\u900f\u904e\u5e02\u5834\u4ef2\u4ecb\u6216\u4ea4\u6613\u670d\u52d9\u5e73\u53f0\u8cfc\u8cb7\u5df2\u767c\u884c\u7684\u78b3\u4fe1\u7528\u5916\uff0c\u4f01\u696d\u9084\u53ef\u4ee5\u9078\u64c7\u4ee5\u300c\u524d\u671f\u6295\u5165\uff0f\u5408\u7d04\u63a1\u8cfc\u300d\u6a21\u5f0f\u76f4\u63a5\u8207\u5c08\u6848\u958b\u767c\u5546\u5408\u4f5c\uff0c\u63d0\u4f9b\u8cc7\u91d1\u63db\u53d6\u8a72\u5c08\u6848\u672a\u4f86\u7522\u51fa\u7684\u78b3\u4fe1\u7528\u3002\u9019\u7a2e\u6a21\u5f0f\u6709\u52a9\u65bc\u78ba\u4fdd\u672a\u4f86\u4f9b\u61c9\u3001\u53d6\u5f97\u689d\u4ef6\u512a\u52e2\uff0c\u4f46\u4e5f\u4f34\u96a8\u5c08\u6848\u98a8\u96aa\u3002\u5118\u7ba1\u6d41\u7a0b\u4e0d\u540c\uff0c\u8cb7\u5bb6\u8207\u5c08\u6848\u4e4b\u9593\u4ecd\u5e38\u900f\u904e\u7d93\u7d00\u4eba\u6216\u9867\u554f\u9032\u884c\u914d\u5c0d\u3001\u8ac7\u5224\u8207\u98a8\u96aa\u7ba1\u7406\uff0c\u4f7f\u4e2d\u4ecb\u89d2\u8272\u5728\u6b64\u985e\u60c5\u6cc1\u4e2d\u4ecd\u5177\u95dc\u9375\u5f71\u97ff\u529b\u3002<\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">\u91cd\u9ede\u7e3d\u7d50<\/mark><\/strong><\/p>\n\n\n\n<p>\u4ea4\u6613\u6a5f\u5236\u628a\u78b3\u4fe1\u7528\u63a8\u5411\u5e02\u5834\uff0c\u4f46\u5e02\u5834\u9700\u8981\u300c\u8cb7\u5bb6\u300d\u624d\u80fd\u904b\u4f5c\u3002\u4e0b\u4e00\u7bc7\uff0c\u6211\u5011\u5c07\u805a\u7126 <a><strong>\u300c\u9700\u6c42\u7aef\u300d<\/strong><\/a>&nbsp;\uff0c\u63a2\u7d22\u4f01\u696d\u3001\u6295\u8cc7\u8005\u8207\u653f\u5e9c\u5982\u4f55\u9a45\u52d5\u5e02\u5834\u9700\u6c42\uff0c\u8b93\u78b3\u4fe1\u7528\u771f\u6b63\u6210\u70ba\u6e1b\u78b3\u884c\u52d5\u7684\u52d5\u529b\u3002<br><br><strong>\u53c3\u8003\u8cc7\u8a0a<\/strong>\uff1a<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-10\/wall-street-banks-look-to-carbon-offsets-for-new-profits\" target=\"_blank\" rel=\"noopener\">Bloomberg<\/a>\uff0e<a href=\"https:\/\/vcmprimer.org\/chapter-8-how-is-the-voluntary-carbon-market-structured\" target=\"_blank\" rel=\"noopener\">Climate Focus<\/a>\uff0e<a href=\"https:\/\/carbonmarketwatch.org\/wp-content\/uploads\/2023\/02\/Stakeholder-Analysis-for-the-Voluntary-Carbon-Market.pdf\" target=\"_blank\" rel=\"noopener\">AlliedOffsets \/ Carbon Market Watch<\/a>\uff0e<a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S2214845022001053\" target=\"_blank\" rel=\"noopener\">VCM Derivatives<\/a><\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">\u7cfb\u5217\u6587\u7ae0<\/mark><\/strong><br><a href=\"https:\/\/afallo2.com\/zh_tw\/unlocking-the-vcm-maze-an-overview-of-key-players-and-mechanisms-in-the-voluntary-carbon-market\/\">Part1\uff5c\u95dc\u9375\u53c3\u8207\u8005\u7b2c\u4e00\u7ad9\uff1a\u5c08\u6848\u7684\u555f\u52d5\u8207\u78b3\u4fe1\u7528\u7684\u8a95\u751f\u300c\u4f9b\u7d66\u7aef\u300d<\/a><br><a href=\"https:\/\/afallo2.com\/zh_tw\/%e3%80%90part-2%e3%80%91unlocking-the-vcm-maze-an-overview-of-key-players-and-mechanisms-in-the-voluntary-carbon-market\/\">Part2 | \u89e3\u9396VCM\u8ff7\u5bae\uff1a\u4e00\u89bd\u81ea\u9858\u6027\u78b3\u5e02\u5834\u4e2d\u300c\u95dc\u9375\u53c3\u8207\u8005\u300d\u7684\u4e92\u52d5\u8207\u6a5f\u5236<\/a><br><a id=\"_msocom_1\"><\/a><\/p>\n\n\n\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Once a carbon credit has passed through standard-setting and third-party auditing, it gains scientific validity and public trust. However, at this stage, it remains a latent asset. To transform this scientific claim into a tradable commodity, the market requires a &#8220;heart&#8221; to pump value through the system. 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