Research On The Pricing Mechanism Of Carbon Emission Trading In My Country And Its Impact On Green Innovatio

In recent years,with the frequent occurrence of extreme climate events,the increase of greenhouse gas emissions such as carbon dioxide will have a serious negative impact on the realization of the "double carbon" goal.In this context,the establishment of a carbon Emissions trading market and the promotion of green innovation by enterprises have increasingly attracted the attention of scholars at home and abroad.As one of the market-oriented environmental regulation tools,the carbon Emissions trading market can use the market price guidance mechanism to reduce the emissions of greenhouse gases such as carbon dioxide.However,what is the pricing mechanism of the carbon Emissions trading market? What kind of impact will it have on green innovation in enterprises? Conducting in-depth research on this issue has strong theoretical and practical significance.This dissertation first describes the development status and impact effects of carbon Emissions trading and green innovation in China,then analyzes the pricing mechanism of carbon Emissions trading using Game theory,B-S pricing model and other methods,and regards the implementation of carbon Emissions trading pilot policy as a quasi Natural experiment.According to the data of domestic listed enterprises from 2008 to 2020,we use the multi period double difference model and the super efficiency EBM-GML model to measure the level of green innovation of enterprises,This paper empirically tests the impact of the implementation of carbon Emissions trading pilot policies on green innovation of enterprises.Next,this paper constructs a spatial Durbin model(SDM)to empirically analyze the impact of carbon Emissions trading on the spatial spillover of green innovation,and degenerates the spatial Durbin model(SDM)into a spatial lag model(SLM)and a spatial error model(SEM),respectively,to empirically test the relationship between the two.After that,this paper analyzes the experience of carbon Emissions trading and green innovation in the United States,Europe,Japan and emerging market countries,hoping to provide reference for China’s actual development.Specifically,the innovations of this article mainly include:1.From the perspective of theoretical innovation,this paper uses Game theory,B-S pricing model and other methods to analyze the pricing mechanism of carbon Emissions trading,and clarifies the allocation mechanism and pricing mechanism of carbon emissions quota from a theoretical perspective,which has certain innovation.Specifically,this article explores the allocation mechanism of carbon emission rights quotas from the perspectives of the game between different enterprises after the carbon emission rights trading policy is determined,as well as the evolutionary game between the central government,local governments,and high energy consuming enterprises.The B-S pricing model is used to analyze the pricing of carbon emission rights.Finally,the B-S pricing model is empirically tested using Shenzhen carbon emission rights trading data.In the empirical model,we first measured the parameters in the model,then calculated the values of,and finally analyzed and calculated the price of carbon emission rights options.2.From the perspective of research methods,this paper comprehensively uses multi period double difference model,propensity score matching method,placebo test,spatial Durbin model(SDM)and other methods to analyze the impact of carbon Emissions trading on green innovation of enterprises,and tests the transmission mechanism by taking the effects of economic incentives and reverse technology spillovers as intermediary variables.The above empirical analysis methods provide a new research perspective for carbon emission trading and green innovation in enterprises.3.From the perspective of academic thought,this paper uses a combination of quantitative and qualitative methods,and summarizes the advanced experience of carbon Emissions trading and enterprise green innovation in the United States,Europe,Japan and other countries,and finally puts forward policy recommendations from promoting carbon Emissions trading and promoting enterprise green innovation.From an academic point of view,this paper proposes that the construction of carbon Emissions trading mechanism in different regions should be based on the city,adopt local development strategies,actively explore the market construction of "zero carbon finance",and carry out dislocation pilot and other policy recommendations.