中国碳排放权交易价格影响因素研究  

Research on the Factors Influencing Transaction Price of Carbon Emission in China

作　　者：张娟[1] 林晓薇[1] ZHANG Juan;LIN Xiao-wei(School of Finance,Fuzhou University of International Studies and Trade,Fuzhou 350000,Fujian,China)

机构地区：[1]福州外语外贸学院财金学院,福州350000

出　　处：《景德镇学院学报》2021年第2期66-71,共6页Journal of JingDeZhen University

基　　金：2018年福建省社会科学规划项目“福建省林业生态补偿资金多元化融资渠道研究”(FJ2018B024)。

摘　　要：对碳排放交易价格影响因素的研究对于加快建立全国统一稳定的碳交易市场、稳定碳交易价格机制具有理论和现实意义。因此,文章以2018年11月到2020年11月间八大试点碳交易市场的每月碳交易平均价格为研究对象,通过构建多元回归模型进行实证分析。研究结果指出上证指数、石油价格、煤炭价格、违约处罚力度、平均气温和空气质量指数与碳排放交易价格正相关,国内控排门槛与碳排放交易价格负相关。其中上证指数对碳排放交易价格的影响最大。在此基础上,文章提出完善碳交易机制设计、探索多样化的碳交易品种和交易方式,鼓励企业转型升级,提高绿色生产技术的政策建议。The research on the factors influencing price of carbon emission has theoretical and practical significance for accelerating the establishment of a unified and stable carbon market place and stabilizing carbon transaction price.Therefore,we take as our research object the average monthly carbon transaction price of 8 pilot carbon transaction markets from November 2018 to November 2020,and conducts an empirical analysis by constructing a multiple regression model.The results show that the transaction price of carbon emission is positively correlated with Shanghai Stock Exchange(SSE)Composite Index,oil price,coal price,penalty for breaching contract,average temperature and air quality index,and is negatively correlated with the domestic emission control threshold,among which SSE Composite Index has the biggest impact.On this basis,we put forward some policy recommendations for improving the design of carbon transaction mechanism,exploring diversified carbon transaction varieties and methods,encouraging enterprises to transform and upgrade,and promoting green production technology.

关 键 词：碳排放交易价格 影响因素 面板数据模型 

分 类 号：F832.5[经济管理—金融学]