The international discussion on the design of international market mechanism proposed in Paris agreement is still pending and it is important to add our views to the discussion in the negotiation.It is important to understand companies’preferences in designing and planning market-based instruments.This paper uses the conjoint analysis to evaluate companies’preferences for policy alternatives of this mechanism.Data were collected from 81 companies in Shanxi province,China.The results show that companies are most concerned about four policy attributes,policies at the national level,transition of CDM projects,compliance period and flexible mechanism.The ideal policy alternative should distribute directly the tradable units to companies,co-exist with the clean developing mechanism,have longer compliance period and allow companies to bank or borrow the tradable units.The sectors with lower competition level,advanced production technologies and lower energy intensity should be given to priority when taking part in the international market mechanism.
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