The Research Of Initial Allocation Of Emission Trading

With the rapid development of society and economy, the deepening and development of industrialization, industrialization brings us with serious enviroment pollution, which is an obstacle to economic development and social progress. The reason why enviroment is widespread is the externality of enviroment pollution. Emmision right is a new enviroment economy policy, characterized by developing market mechanism. It is now gradually emphysized by economists and the policy makers.Initial allocation is the basis of building emission trade regulations. Presently, our country mostly adopted the emission pattern of free allocation in practice. However, free allocation didn’t reflect the value of environment resource. It is unfair to those potential manufacturers and it is hard to give considerations to fairness and efficiency simultaneously. Paid allocation is still on the exploring way in our country and it is mainly depending on the pricing of government. This method didn’t give considerations to the actural situations of every manufacturer, which is easy and practicable but is not the optimal because of asymmetric imformation.On the background and basis of this, my paper studies the initial allocation of emission right in the market trade. On the basis of theoretical analysis and reasons of the the initial allocation of emission right, my paper puts forward an pricing and allocation model of emission right, which is suit to the current economic situation of china and combines free allocation and paid allocation. The model firstly puts forward how to fix the ratio of free allocation and paid allocation according to the society welfare provided by the industry which the pollution factory belongs to in the pollution restriction area. Then, it puts forward the conception of fair factor and the method of free allocation according to the benefit and fair principle. Thirdly, this paper works out a paid allocation model, which include industry adjustment coefficient and distriction difference adjustment coefficient in gradation analysis way and it puts forward the view of paid allocation of emission right in the industry in the idea of progression tax.