排污权二级市场的价格研究

发布时间：2018-03-14 00:44

本文选题：排污权价格　切入点：清洁发展机制　出处：《华中科技大学》2012年硕士论文　论文类型：学位论文

【摘要】：在全球变暖和能源枯竭的背景下，各国都将节能减排当作一项重要课题对待。《京都议定书》的签订和生效是国际气候谈判的重要成果，，促进了排污权交易的迅速崛起。在2005至2012的8年时间内，国际碳成交量增长了十几倍，排污权交易市场呈现欣欣向荣的局面。但是，《京都议定书》的法律效力只能延续到2012年12月，后京都时代的国际减排工作又将如何开展，发达国家是否能够接受发展中国家“共同但有区别责任”的观点。无论是在哥本哈根、坎昆还是塞班，气候大会的主要议题就是《京都议定书》的存续问题和减排责任的分配问题。在2009年的哥本哈根气候大会上，中国主动提出到2020年我国单位国内生产总值二氧化碳排放比2005年下降40%-45%。无论国际气候谈判结果如何，我们都将坚定不移的走节能减排、可持续发展的发展道路。目前，我国已经成为CDM市场最大的供应方，项目注册数量和预计减排量都已超过全球总数的一半以上，但是却没有取得与市场份额相对应的市场话语权，一直扮演着一个没有定价权的“卖炭翁”的角色。因此，研究排污权的价格特征和定价机制显得十分必要，而且刻不容缓，这也是本文的主要任务。本文具体的内容安排如下：第一，介绍了排污权的概念和排污权交易运作原理，系统分析了排污权及其价格的主要特征，排污权与普通商品的共同点和主要区别，指出影响排污权价值的主要因素和排污权价格的形成和调节机制。第二，从市场地位、项目结构以及价格特征的角度，描述了我国排污权交易市场的发展现状，指出我国排污权交易取得的成就并着重指出发展过程中遇到的问题，找出了导致CER价格始终偏低的主要原因。第三，利用EUA价格以及欧洲能源价格的交易数据，结合欧洲工业生产指数，实证分析了能源价格、经济增长与排污权价格的长期均衡和短期波动关系。第四，根据前面各章节的分析，得出本文的主要结论，并针对我国排污权交易市场存在的问题，提出几点建议。
[Abstract]:In the context of global warming and energy depletion, countries treat energy conservation and emission reduction as an important issue. The signing and entry into force of the Kyoto Protocol is an important result of international climate negotiations. Has contributed to the rapid rise of emissions trading. In the eight years between 2005 and 2012, international carbon trading volumes increased more than tenfold. The emissions trading market is thriving. However, the legal effect of the Kyoto Protocol can only continue until December 2012, and how will the post-Kyoto era of international emission reduction work be carried out? Whether developed countries can accept the "common but differentiated responsibilities" of developing countries. Whether in Copenhagen, Canc 煤 n or Symbian, The main topics of the climate conference are the survival of the Kyoto Protocol and the allocation of responsibility for reducing emissions. At the Copenhagen Climate Conference on 2009, China offered to reduce its carbon dioxide emissions per unit of gross domestic product by 2020 compared with 2005. No matter what the outcome of the international climate negotiations, we will unswervingly save energy and reduce emissions. At present, China has become the largest supplier of CDM market, and the number of registered projects and the expected emission reduction have exceeded half of the global total. However, it has not obtained the market right corresponding to market share and has always played the role of "selling carbon Weng" without pricing power. Therefore, it is very necessary and urgent to study the price characteristics and pricing mechanism of emission rights. This is also the main task of this paper. First, the concept of emission rights and the operating principle of emission rights trading are introduced. The main characteristics of emission rights and their prices, the common points and main differences between emission rights and ordinary commodities are systematically analyzed. The main factors affecting the value of emission rights and the formation and regulation mechanism of emission rights price are pointed out. Secondly, from the point of view of market position, project structure and price characteristics, this paper describes the development status of emission trading market in China, points out the achievements of emission trading in China and emphatically points out the problems encountered in the process of development. Find out the main reason that causes CER price to be on the low side all the time. Thirdly, using the data of EUA price and European energy price, combined with European industrial production index, the paper empirically analyzes the long-term equilibrium and short-term fluctuation of energy price, economic growth and emission right price. 4th, based on the analysis of the previous chapters, the main conclusions of this paper are drawn, and some suggestions are put forward in view of the problems existing in China's emission trading market.
【学位授予单位】：华中科技大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：X196;F234

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