The Bidirectional Influence Between Energy and Carbon Emission Prices---- Primarily Studied from Perspective of New Energy and Traditional Energy Sources
DOI:
https://doi.org/10.54097/550s3938Keywords:
Energy prices, carbon emission market, energy structure, bidirectional influence.Abstract
In the context of the ongoing implementation of the Paris Agreement, global climate change issues continue to receive closer attention. As the carbon trading market established to achieve carbon emission targets, it is naturally one of the objects that should be paid most attention to. The Chinese carbon market is still at a very early stages, with its market mechanisms and pricing yet to be perfected. This paper focuses on the bidirectional impact between energy prices and carbon prices. This paper focus on the connection with energy structure, energy prices, and carbon market prices. Furthermore, price characteristics of the carbon emission market has been explored by studding perspectives of both traditional and new energy sources. Drawing insights from research in China and the European Union, it sheds light on the changes of carbon emission prices on energy prices, highlights the current shortcomings in related studies. The aim is to contribute China's carbon emission market mechanisms and to further advance solutions to greenhouse gas emissions reduction and related issues.
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