Game Analysis On Government Reward And Punishment Mechanism In Chinese Carbon Market

At first,the development of the carbon market is to reduce the greenhouse gases emissions and alleviate the global warming,but with the rapid development of the carbon market,in order to meet the needs of carbon market transactions,carbon futures,carbon options and other derivatives are gradually derived.The variety of products on the carbon market and the scale of the carbon market have gradually formed the carbon finance market.After the Kyoto Protocol came into effect in 2005,the carbon market ushered in the explosive development mode.People also realized the potential of the carbon market slowly.At present,the mature carbon market is mainly in EU and Anglo American countries,the carbon trading currency is mainly euro and US dollars,China participates in the international carbon market through the CDM project,the CDM project transaction volume is big,but the price is lower than the international level,our country is insufficient in the international carbon trading right.So in order to improve our status in the carbon financial market,and to realize the goal of emission reduction is developing our carbon finance trading market.Therefore,it is critical to design a suitable carbon finance market operation mechanism in China.Under this background,this paper applies the dynamic evolutionary game model to China's carbon financial market,and studies the policy mechanism adopted by the central government and local governments to effectively promote the orderly operation of the carbon financial market.In this paper,the game model is established to analyze the game between the central government and the local government,then the game behavior between the local government and the compulsory emission reduction enterprises is analyzed,and the best strategy selection is obtained by mathematical deduction.After that,the results are consistent with the mathematical derivation by the example analysis and the related program software running model.The correctness of the conclusion also provides a more powerful basis for policy recommendations.