Carbon Market Design Based on Electricity-Environment Coordinated Regulation
This paper designs a carbon market for generators based on electricity-environment coordinated regulation. It refers to major features of the existing carbon market. And it is improved in (i) electricity-environment coordinated regulation,(ii) adopting the sealed combinatorial auction for allowances allocation,(111) penalty covenng generators all emissions,and (iv) pricing allowances through market bidding process and regulation coordinately. We depict generators decision as a stochastic parameter linear programming model,which provides us its bidding curve. According to market equilibrium,each generator gets its allowances at a market clearing price. We find that,(i) the new market can not only effectively motivate generator to mitigate emission individually,but also can save allowances through market process;(ii) it can be an effective instrument to pricing emission. Finally,we present a numerical simulation for its validity,and results are well fitted to the theoretical conclusions.
carbon market design complexity system modeling computer simulation motivating mitigation
Shijun Fu Yulong Ren
Economy and Business Administration School of Chongqing University,Chongqing,China
国际会议
西安
英文
1082-1088
2011-12-23（万方平台首次上网日期，不代表论文的发表时间）