Research On Pricing Of Carbon Emission Rights Based On Different Regions In China

A significant result of greenhouse gases is the greenhouse effect.As the main component of greenhouse gases,the excessive emission of carbon dioxide also attracts people's attention.Nowadays,the pressure of energy saving and emission reduction in various countries can be reflected by a series of international restrictive measures and high degree of regulation.At present,China does not need to undertake energy saving and emission reduction obligations because it is not a compulsory country.However,since China has become a country with high carbon emissions at the same time of rapid economic development,it will inevitably be under pressure from all aspects of the international community in the second process of Kyoto Protocol Therefore,in order to step into the post-Kyoto era,China must keep in touch with other countries,and learn how to develop the carbon cmission market,and take into account the imbalance of regional development in the formulation of policy system,so that China's carbon emission pricing tends to be improved,and the carbon emissions trading mechanism in China will be developed and improved.This research divides our country into four regions:eastern region,central region,western region and northeast region by using the Theil index.It analyses the regional differences between economic growth and carbon emissions in China.We get the result that regional carbon emission is related to local economic growth in China,by researching and analyzing the correlation between regional economic growth and carbon emissions.The co-integration relationship and the one-way Granger cause of economic growth are regional carbon emissions.By studying and analyzing the pricing of carbon emission rights based on China's economic growth from different regions,the option mechanism is introduced in the transaction to make pricing more effective,and exploit the potential market.This paper describes the development and constraints of China's carbon trading market,points out the shortcomings of China's carbon trading market and potential driving force of development.The price formation of secondary market and the trading of carbon emission rights are studied theoretically.Finally,based on the regional differences of economic growth,this paper constructs a trading mechanism for carbon emission rights in China.The main contents of this mechanism include:total limitation with regional differences of carbon emission rights,penalty mechanism initial allocation and storage and tradable mechanism.These mechanisms are in line with the current situation of C hina.At the same,according to the initial allocation options of carbon emission rights in this mechanism and related constraints,the global optimization model of our country is established.Under the same emission reduction standards and different emission reduction standards adopted by the government in each region,the impacts of these two conditions on each region and the whole country are calculated respectively.On this basis,the analysis and summary are made,and it is proposed that the goal of energy saving and emission reduction should be achieved while taking into account economic growth in our country by enhancing the government's supervision and management,promoting regional development balance and other proposed policies.