Influencing Factors and Driving Paths of China's Pilot Carbon Market Trading Price
The carbon price represents a core issue in the operation of the carbon market.Clarifying the internal logic of the carbon market trading price mechanism is the premise and key to promote the for-mation of effective price signals and give full play to the resource allocation and price discovery func-tions of the carbon market.Drawing on sample data from eight carbon trading pilot markets in China,this paper focuses on the demand side and employs a"scale-structure-technology"analytical frame-work.It utilizes fuzzy-set qualitative comparative analysis(fsQCA)to comprehensively evaluate the influence mechanism on pilot carbon market prices.The study finds that due to the rebound effect,the technological effect induced by capital investment can influence carbon emissions through scale and structural effects,thereby affecting carbon prices.After excluding the potential carbon rebound effect arising from capital-biased technological progress,a lower level of economic development and labor-bi-ased technological progress are important forces leading to low carbon prices.Under certain condi-tions,there exists a substitution effect between the level of economic development and energy-biased technological progress,which together with other factors can lead to low carbon prices.
万方数据
维普
