The Market Trading Mechanism Of Carbon Dioxide Emissions Of Power Plants Based On Evolutionary Game Research

In the 2010, China has become No.1 emitter of greenhouse gas(Carbon Dioxide) in the world. Power plants (especially coal) has become the largest emission source of the greenhouse effect. Carbon constraints have become an important factor which will restrict the space for China's future economic development. Through emissions trading to control, retard and improve the focus of China's major industrial emission sources-power plants(especially coal),which is the effective way our country realize the goal of energy production-control of greenhouse gas emission object coordination and the economic and social sustainable development. In this article, based on the evolutionary game theory, we research the trading Mechanism of Carbon Dioxide Emission market by drawing on the experience of European options trading market of carbon dioxide emission.First, the article describes the research background and research significance, taking the power plants as the object and giving priority to researching the trading Mechanism of Carbon Dioxide Emission market in the power industry,which has a very good example and high efficiency. At the same time, we review the currently domestic and international research status of carbon dioxide emission trading market and explain the main contents of this article, research frameworks and innovations briefly.Second, the article analyzes the current carbon dioxide emission situation of power plants in China and points out the characteristics and impacts of power plants'carbon dioxide emission; meanwhile, the article analyzes the situation of the carbon dioxide emission rights market, introducing the background of carbon dioxide emissions trading market and the international carbon emissions trading market situation, then, pointing out the necessity to establish the power plants'carbon dioxide emissions trading market.Subsequently, we introduce the supporting theory for studying in this article. The most fundamental theoretical basis of this article is the value theory, property rights theory and configuration rights of the Environmental Capacity Resources; options market theory is the practical application of the carbon dioxide emission rights market; evolution game is the tool to analysis the interaction among the power plants, the public and government.Finally, on the basis of establishing the carbon dioxide emissions trading options market of power plants, the article builds the game model among the power plants, the public and government based on evolutionary game in the carbon dioxide emissions bonds market and analyzes the result of model, obtaining if the reduction of carbon dioxide emissions by power plants is the largest target of the government and the target is not realized at the cost of power plants'profits, the equilibrium point (0,1) is the optimum choice. Then the power plants, the public and government will achieve the goal with the most economical methods. And we propose the political recommendations to help power plants reduce the carbon dioxide emission.The main significance of the article which applies the evolutionary game theory constructing the government, public, power generation companies three options in the carbon dioxide emissions trading market, to study the market trading mechanism of carbon dioxide emission market of power plants in China from the perspective of dynamic complex system, is an innovative research idea and method. A sound and effective trading mechanism of carbon dioxide emission should not only help power plants to reduce carbon dioxide emissions, improve environmental quality, but also is beneficial to the overall resource allocation efficiency when put a new scare resource ------carbon dioxide emission into market. From the economic perspective, the carbon dioxide emission can become a new scare resource when environmental factors are taken into account.