Research on the Value Evaluation Method of Carbon Emission Rights Under the Background of"Dual Carbon"
Carbon emissions trading,as an important part of green finance,is an important economic tool to promote the realisation of the"double carbon"goal.The construction of a scientific and effective carbon trading mechanism and the promotion of the healthy and sustainable development of the carbon trading market have become the focus of the industry's attention,and the evaluation of the value of carbon emission rights is one of the important fundamental work.The article takes the carbon emission right as the research object,and assesses the value of carbon emission right in Fujian Province by identifying the option char-acteristics of carbon emission right and comprehensively applying the shadow price model and B-S real option model.The shadow price mainly expresses the marginal abatement cost of carbon emission rights,which can be used as the basis for initial quota setting,and the option price of carbon emission rights is measured by using the shadow price as the basis and the B-S real option model.The assessment results show that the shadow price of carbon emission rights in Fujian Province is RMB 47.88/tonne,a value significantly higher than the current market trading value,which is not conducive to the implementation of emission reduction policies,and the option value is RMB 27.86/tonne,which results in the assessed price of car-bon emission rights in Fujian Province of RMB 75.74/tonne.This assessment result is similar to the current value of carbon emission rights in the national carbon emission rights market,which verifies the rationality of this study and the feasibility of the value assessment method.
carbon emission rightsvalue evaluationB-S modelshadow price model
NETL
NSTL
万方数据
