The Theoretical and Empirical Research on Pricing of China's Carbon Emission Permits

Carbon emissions permits has its own particularity,and with the development of carbon finance, carbon emissions permits possess the commodity attributes and financial attributes. So its price isn't determined only by the relationship of commodity supply and demand,but also affected by a variety of factors. But because the transaction data is not available,so the pricing of the carbon emissions permits can not really consider from the angle of the influencing factors of price. Therefore, this paper is on the basis of previous studies using mathematical tools and introducing the option pricing mechanism to study th pricing of China's carbon emissions permits basing on carbon emissions,which is designed for providing reference on the pricing of China's carbon emissions,being of both theoretical and practical significance.