According to the Kyoto Protocol, industrialized countries must reduce their greenhouse gas emissions by 5.2% of their 1990 emission level during the period of 2008-20 12. The Kyoto Protocol also stipulates that by 20 12, carbon dioxide (CO2) emissions will be reduced by at least 5 billion tons. At least 2.5 billion tons of CO2 emission targets must come from emission reduction rights trading, which contains huge business opportunities. In this context, many developed countries have established various carbon funds to support the development of energy conservation and emission reduction projects. Developed countries emphasize that the cooperation of clean development mechanism (CDM) projects should be completely based on market mechanism. However, because of the operation process of CDM project and the trading product-"CERS" produced by the project, it is very different from the existing international trade rules, and it is completely based on market mechanism and cost competition, which is not conducive to protecting the interests of participants in developing countries. Therefore, it is necessary for the governments of developing countries to take economic measures to control and intervene in CDM projects implemented in their own countries. From the implementation effect, in countries that have established carbon funds, carbon funds have promoted the realization of Kyoto Protocol targets in these countries to varying degrees, which has certain reference significance for developing countries. Here is a brief introduction to the establishment and management of foreign carbon funds.