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

作　　者：Wenjun Wang Xujie Zhao Qiaqia Zhang Chonghui Fu Pengcheng Xie 

机构地区：[1]Shenzhen Yuntian Statistical Science Research Institute,Shenzhen,518061,China [2]Guangzhou Institute of Energy Conversion,Chinese Academy of Sciences,Guangzhou,510640,China [3]Macao University of science and technology,Macao,999078,China [4]School of Humanities and management,Guangdong Medical University,Dongguan,523808,China

出　　处：《Chinese Journal of Population,Resources and Environment》2022年第2期115-124,共10页中国人口·资源与环境（英文版）

基　　金：supported by Shenzhen Philosophy and Social Sciences Planning in 2021[Grant No.SZ2021A006];the Basic Theoretical Research in the 13th Five Year Plan of Guangdong Philosophy and Social Sciences in 2020[Grant No.GD20 YDXZGL09];and the Characteristic Innovation Projects of Guangdong Universities in China[Grant No.2021WTSCX035].

摘　　要：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 emission 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,participants,pricing mode,auction frequency,and so on.This study conducts an in-depth analysis of the carbon allowance auction mechanism in the Guangdong pilot ETS of China,including its development and the evolution 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.

关 键 词：Carbon market Quota auction Carbon emission peak Carbon neutralization 

分 类 号：J12[艺术—艺术理论]