The Research On Initial Quota Allocation Of Carbon Emissions Trading Market In China

The significant relationship between carbon dioxide emissions and global warming has been paid more attention by governments,and then how to control emissions and develop low-carbon economy efficiently has been the hotspot issue gradually.As the world's largest energy-consuming and carbon-emitting country,our government also attaches great importance to this issue.Basing on the experience of mature carbon market all over the world,what needs to be solved primarily is the issue about initial allocation of carbon emission trading quota in the entire policy framework.In this paper,based on the research of international and domestic scholars,policies and trading situation of carbon market at home and abroad are analyzed,meanwhile,some issues of domestic carbon emissions trading pilots are listed.After knowing about the importance of initial allocation of quota to the entire carbon market,correlative mechanism and index of quota allocation are summarized.Combining the ZSG-DEA model with the carbon Lorenz curve model,a scientific and feasible scheme for the issue of initial quota allocation of unified carbon market in our country is established from two dimensionalities,the efficiency and the equity.In this paper,firstly,emission reduction commitments,carbon emissions intensity targets based on the 2005 falling of 45% by 2020,are set as the controlling aim,and it conducts predict using historical data such as domestic population,GDP and energy consumption during 1978 to 2014.Based on these data,the ZSG-DEA model is established and the allocation with high efficiency is obtained eventually;Secondly,it conducts equity evaluation on the result of allocation by Lorenz curve model,it indicates that this allocation scheme not only optimize the division efficiency,but take equity principle into consideration as well.Consequently,the allocation scheme in this paper is a viable one.Several conclusions have been obtained through the empirical research result: the quota allocation in initial stage of unified carbon market should be free allocation,paid allocation or auction system could be brought in after a period of operation,when the transaction level of the entire carbon market tend to be stable;The determination of initial free quota allocation scheme should take the practical situation into consideration,the scientific process of allocation,which combines efficiency and equity,could ensure the stable operation of carbon market.