The Impact Of Energy Price On Carbon Price In China’s Carbon Emission Trading Pilot Market

In response to the question of global warming,The seven pilot markets of carbon emission rights in China has successively formed between 2013 and 2014.According to its own situation,each pilot area has designed the total emission reduction target,the coverage of controlling enterprise and the method of quota allocation.On the whole,carbon market in our country has great potential for development.This paper mainly conducts comparative analysis and empirical research on the seven carbon markets in China.By comparative analysis on those seven carbon markets,we can know the development of the carbon markets and the main problems at present stage,which provides valuable operating experiences and helps the healthy development of the unified national carbon market.By establishing static panel model between carbon price and energy prices,it examines the effect of energy price changes on carbon price changes.The results show that the energy price has a positive impact on the carbon price,and the energy intensity has a positive effect on the carbon price.The study tells that progress of energy conservation and emission reduction technology helps to reduce the price of carbon emission.Finally,the paper makes a conclusion and puts forward that our country should optimize energy structure and improve energy conservation and emission reduction technology to cope with global climate change.