How carbon market impacts emission reduction in thermal power: From the perspective of carbon price

被引：0

作者：

Fang D. ^{[1
,2
]}

Xie Q. ^{[1
]}

机构：

[1] School of Economics and Management, Wuhan University, Wuhan

[2] Research Center for Complexity Science and Management, Wuhan University, Wuhan

来源：

Xitong Gongcheng Lilun yu Shijian/System Engineering Theory and Practice | 2024年 / 44卷 / 03期

基金：

中国国家自然科学基金;

关键词：

carbon emission reduction; carbon market; carbon price; electricity market; thermal power industry;

D O I：

10.12011/SETP2023-0688

中图分类号：

学科分类号：

摘要：

The carbon market is an important policy tool for the thermal power industry to achieve carbon emission reduction targets. It is an urgent issue to explore whether carbon market can affect carbon emission reduction in thermal power industry. This study constructs a Stackelberg game model for power generation enterprises to participate the trading in the electricity and carbon markets. And it reveals the theoretical mechanism of the “inverted U” effect of carbon price on carbon emission reduction in thermal power industry. Based on this, considering the effect of carbon price, this study employs differences-in-differences to test the carbon reduction effect of carbon market on thermal power industry by using inter-provincial panel data from 2005–2019. The results show that the carbon market promotes carbon emission reduction in the thermal power industry, but its impact has a lag effect. Moreover, it is robust to the “inverted U” type relationship between carbon price and carbon emission reduction in thermal power industry. This study can offer empirical support for carbon price driving carbon emission reduction in the thermal power industry and provide an important reference for the improvement of the carbon market institutional system. © 2024 Systems Engineering Society of China. All rights reserved.

引用

页码：1003 / 1017

页数：14

共 50 条

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