期刊论文

中文

中国科技论坛

1002-6711

2015

5

128-134

10.3969/j.issn.1002-6711.2015.05.021

国家社科基金青年项目(13CFX095) 湖南省科普计划项目(2014KP0081) 中央高校基本科研业务经费重大项目(CDJKXB14002)

本校为其他机构

本文以北京、天津、上海、广东、深圳五个已完成首次履约的区域碳排放权交易试点市场为研究样本,选取履约窗口期为观察时段,采用定量分析的方法,对履约期试点市场运行特征进行了分析.研究结果表明:①现阶段试点碳市场呈现出清晰的履约驱动型市场特征:履约期内市场成交量环比大幅增长,成交价格波动加剧,协议交易的增幅超过线上交易,政府配额拍卖成为控排企业完成履约的补充方式.②同时,试点碳市场存在诸多结构性缺陷,如,碳市场整体流通性较弱,交投不活跃,不同类型市场参与主体结构性失衡,履约成本与惩罚水平不对称等,亟需通过政策改进予以完善.

This paper examines market characteristics of emission trade system in China based on the data of 5 pilots in the first compliance period. The carbon market in the first compliance period presents a few key characteristics： a steep month-to-month growth in volume, a violent price fluctuation, the faster growth rate of block transaction than online transaction and auction as an additional means to ease the market liquidity. There are some serious structural defects in pilot markets. Firstly, the market is not liquid and active. Secondly, differ...