Research On The Carbon Emission Trading Institution,the Technology Emission Reduction Of Enterprises And The Carbon Emission Reduction Performance

China’s goals of peaking its greenhouse gas emissions by 2030 and achieving carbon neutrality by 2060 demonstrate its responsibility as a major country.It also points out the direction for China’s efforts to deal with climate change,and puts forward new requirements for promoting the construction of the national carbon emission trading market.The purpose of the carbon emission trading market is to gradually decompose the national emission reduction target into various industries,so as to force enterprises to reduce emission in a more effective way.In the critical period of low-carbon transition,it is helpful for designers of carbon emission trading policies to clarify the impact of carbon emission trading institution on enterprises’ emission reduction behavior and performance;For carbon emission trading market participants,it is beneficial to improve the effectiveness and enthusiasm of low-carbon transformation to clarify the impact of carbon trading institution and technology emission reduction on carbon emission reduction performance.However,carbon emission trading market is still a new thing in China,and due to its complexity,nonlinear characteristics and difficulty in obtaining data,relevant studies are rarely seen.Based on this,this paper aims to clarify the relationship among carbon emission trading system,enterprise technology emission reduction and carbon emission reduction performance,and studies the influence of enterprise technology emission reduction on carbon emission reduction performance under carbon emission trading,the influence of carbon emission trading institution on enterprise technology emission reduction performance,and the influence of carbon emission trading institution on enterprise carbon emission reduction performance.In the section of "The relationship between the technology emission reduction and the carbon emission reduction performance of enterprises under the carbon emission trading system",firstly,according to relevant theories and literatures,the research hypothesis of the influence of the technology emission reduction route and the technology emission reduction strategy of enterprises on the carbon emission reduction performance of enterprises under the background of the carbon emission trading is proposed.Secondly,according to the need of testing the hypothesis,a model of the enterprise technology emission reduction route based on the marginal abatement cost curve is constructed,and an empirical study is conducted on the technology emission reduction route of the thermal power and steel enterprises.By summarizing the literature,the technology emission reduction strategies of enterprises under the carbon emission trading system are classified into active and passive strategies.From the perspective of the environmental performance and economic performance,this thesis constructs carbon emission reduction performance measurement models for enterprises under the carbon emission trading system.Third,since the carbon emission trading system is not yet mature in China,it is difficult to collect the emission reduction data of enterprises at the micro level.This theses mainly builds a carbon trading simulation system based on multi-agent as the experimental platform for data collection.Finally,on the basis of the above researches,the impacts of technology emission reduction routes and technology emission reduction strategies on enterprises’ carbon emission reduction performance are studied respectively.The results show that:(1)in most carbon emission trading scenarios,thermal power enterprises gradually become the demand side in the carbon emission trading market,while steel enterprises become the supply side.Thermal power enterprises have better economic performance in carbon emission reduction,however,steel enterprises are better in terms of the proportion of the trading income to the total emission reduction income.(2)the more stringent the carbon trading system is,the smaller the gap in environmental performance between passive and active enterprises will be.Most passive enterprises can reach the average emission level of the industry through strategic adjustment.Compared with passive strategic enterprises,active strategic enterprises have a significant first-mover advantage in economic performance.In the section of "The relationship between carbon emission trading institution and the technology emission reduction",on the basis of research on the emission reduction technology selection,the emission reduction strategy adjustment and the technical carbon asset value assessment,the differences of technical emission reduction route,technical emission reduction strategy adjustment and technical carbon asset value under different carbon quota allocation,different emission targets,different carbon market structure are compared respectively.The results show that:(1)thermal power enterprises adopt more emission reduction technologies under the grandfather method,while steel enterprises adopt more emission reduction technologies under the industry benchmarking method.Improving the intensity of emission targets will accelerate the process of technical emission reduction.Under the industry benchmarking method,the higher the proportion of active enterprises,the earlier the enterprises will adopt emission reduction technologies.(2)the difference between the fixed base and the rolling base leads to the significant difference in the adjustment rules of technological emission reduction strategies between the grandfather method and the industry benchmarking method in passive enterprises.Increasing the intensity of emission targets will speed up the adjustment of technical emission reduction strategies in passive enterprises.Under the grandfather method,in the market dominated by active enterprises,the adjustment speed of technical emission reduction strategy of passive enterprises is slower,while under the industry benchmarking method,it is the opposite.(3)the carbon emission trading institution has a significant impact on the value of technical carbon assets.In terms of current value,the effect of carbon quota allocation system is dynamic.The influence of the control target on the current value is related to the market supply and demand state.As far as sustainable value is concerned,sustainable value under grandfather method is lower than that under industry benchmarking method.The sustainable value is positively correlated with the intensity of the control target.In terms of irreplaceable value,the technology under the industry benchmarking method is promoted faster,and the irreplaceable value is reduced faster than the grandfather method.The improvement of discharge control intensity will accelerate the speed of technology promotion,expand the scope of promotion,and thus reduce its irreplaceable value.In the section of "The relationship between the carbon emission trading institution and the enterprises’ carbon emission reduction performance",the differences of carbon emission reduction environmental performance and economic performance of enterprises under different carbon quota allocation,different emission control targets and different carbon market structure are compared respectively.The results show that:(1)the impacts of carbon quota allocation and emission control targets on the carbon emission reduction environmental performance of enterprises are related to the market supply and demand state.In the middle and late stage,under most of the carbon emission trading institution scenarios,the allocation of carbon quota by industry benchmarking method and the enhancement of emission control target intensity are effective means to improve the carbon emission reduction environmental performance of enterprises.The influence of the carbon emission market structure on enterprise emission reduction mainly lies in determining the average carbon emission level as a benchmark,the characteristics of the rolling base of the industry benchmarking method make the carbon emission reduction environmental performance show that the low-carbon market is superior to the equilibrium market and the high carbon market.(2)due to the benefits of trading surplus carbon quota and energy cost savings brought by effective cost technologies,enterprises relying on technological emission reduction to realize low-carbon transformation can produce positive economic performance.It’s a strong support for the Porter Hypothesis.In most carbon emission trading scenarios,the strict carbon emission trading institution will weaken the economic performance of enterprises in carbon emission reduction.From the perspective of the intensity change of carbon emission trading institution,the opposing view of Porter Hypothesis is supported: the environmental policy will affect the economic performance of enterprises.On the basis of the above research,typical thermal power enterprises and steel enterprises are selected as the case study objects,and the carbon emission reduction economic performance under different carbon emission trading institution and technology carbon emission reduction is measured and compared.Finally,according to the research conclusions,the management suggestions are put forward for enterprises to improve the carbon emission reduction performance and the government to improve the carbon emission trading market.