首页|Auction mechanism design of the Chinese national carbon market for carbon neutralization

Auction mechanism design of the Chinese national carbon market for carbon neutralization

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The carbon market auction mechanism is an important policy tool for carbon pricing and a key mechanism that supports carbon emission neutralization, especially for China. A few systematic studies exist on China ' s carbon market auction mechanism. This article focuses on the five auction mechanisms in Chinese pilot emis-sion trading schemes (ETS), reviews the structures and bidding situation of the five-pilot auction mechanism, extracts the similarities, and analyzes their different features, such as auction mode, bidding scale, partici-pants, pricing mode, auction frequency, and so on. This study conducts an in-depth analysis of the carbon al-lowance auction mechanism in the Guangdong pilot ETS of China, including its development and the evolu-tion of the key elements, its operational effects, and related disputes. Finally, this study puts forward the trend forecast and suggestions for the Chinese allowance auction mechanism, such as the time window of launching national allowance auctions, the most likely auction mode, carbon pricing, and bidding revenue management. Carbon pricing by auction is the most powerful policy tool for addressing carbon emissions reduction and implementing the Glasgow Climate Pact.

Carbon marketQuota auctionCarbon emission peakCarbon neutralization

Wenjun Wang、Xujie Zhao、Qiaqia Zhang、Chonghui Fu、Pengcheng Xie

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Shenzhen Yuntian Statistical Science Research Institute,Shenzhen,518061,China

Guangzhou Institute of Energy Conversion,Chinese Academy of Sciences,Guangzhou,510640,China

Macau University of science and technology,Macau,999078,China

School of Humanities and management,Guangdong Medical University,Dongguan,523808,China

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Shenzhen Philosophy and Social Sci-ences Planning in 2021Basic Theoreti-cal Research in the 13th Five Year Plan of Guangdong Philosophy and Social Sciences in 2020Char-acteristic Innovation Projects of Guangdong Universities in China

Grant NoSZ2021A006NoGD20 YDXZGL092021WTSCX035

2022

中国人口·资源与环境(英文版)
中国可持续发展研究会等

中国人口·资源与环境(英文版)

CSTPCD
影响因子:0.117
ISSN:1004-2857
年,卷(期):2022.20(2)
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