The Research Of The First Market And Second Market Trading Model Of Emission Trading

Along with the social productivity improvement and rapid development of scientific technology, human beings transforming the nature are expanding either from the depths or breadth, especially since the industrial revolution, the economic get breakneck growth, but at the same time, the environment also suffered severe damage,the contradiction between economic growth and environmental protection becomes more and more outstanding. Practices at home and abroad show that effective environmental policy can protect and improve the environment while maintaining the growth of ecnomic. Emissions trading in admit environmental capacity under the premise of limited resources , allow enterprises of different anti-pollution cost to transact their environmental resources.The fact prove that Emissions trading perfectly coordinated economic development and environmental protection, is a cost efficiency high environmental policies.Based on emissions trading as the research object , of emission trading in the related concept definition and research situation of consolidated basis, pollution-discharge right trade market structure analysis of pollution-discharge right trade, to construct the primary market and the secondary market trading model. This paper probes into the problems of the following:First of all, to related concepts and emission trading for defining the research situation and concluded, based on the analysis of pollution-discharge right trade market structure. Analysis found that emissions trading system can abstract for the following parts: determine the amount of sewage's discharge right of pollution-discharge right trade rules, the primary market (quotas), pollution-discharge right trade market secondary market (market) and emission market management rules. Find each other as sexual and both the relevance, each big rules and composed by several subrules between the parts, and with the close inner link. Contrast, found that after system of emission trade structure, core and key is pollution-discharge right trade level of pollution-discharge right trade market and secondary market.Secondly, papers on the primary market of pollution-discharge right trade in the secondary market and the behavior of participating subject is analyzed. In emission trading in the primary market, participation body for government and blowdown respectively business, government, is in the leading position. Analysis shows that the intervention by government, pollution-discharge right trade will converge primary market is the market. Emissions trading the secondary market with different marginal cost is the cost of enterprise blowdown licence transactions, through the role of the market for environmental capacity resource configuration optimization, its transaction between enterprises is the power of the different performance cost.Finally, from the auction theory and evolutionary game theory of pollution-discharge right trade constructed based on the primary market trading model and high-low matching pollution-discharge right trade market trading model, analytical second after pollution-discharge right trade shows that: in the primary market, for different emission permits, governments can share price by formulating strategies to make different primary market stability convergence; The secondary market, through the introduction of discretion, can match the trading model effectively evade transactions in the market appear buyers and sellers of information asymmetry phenomenon, prompting both faithfully offer.