Research On Carbon Emission Market Benefit And Efficiency Based On Double Auction

Carbon emissions trading market is kind of market that view carbon dioxide andother air pollutants as commodities for trading. Recent years, with the enhanced awarenessof environmental protection, many researchers begin to research carbon emission tradingmechanism and proposed numerous market trading models about it. And the traditionalmarket trading research based on single closed system cannot meet the present situationbecause of its openness. With the development of transaction theories, carbon emissionmarket trading that based on multi-system and simulation become possible, more andmore people began to explore the possibility to develop multi-system market tradingmechanism..First, a carbon emission trading market model that based on system benefit andmarket efficiency is established. It discusses the conditions to achieve the objectivefunction in open system and closed system with uniform price mechanism. Then thearticle analyzes the impact that the related factors have on the evaluation index, in order toobtain an optimal trading model.Further, matching market trading mechanism is also applied to the above model, bycomparing the two kinds of trading mechanisms in open system and closed systemthrough numerical analysis, as well as the profit allocation in each system, a better tradingmechanism can be obtained for this market trading model.Finally, a simulation system that based on this model is established using simulationsoftware. By adjusting related parameters like the number of participants, the pricedistribution ranges, the supply and demand distribution ranges and so on in this model, theimpact of income and efficiency can be obtained. Then, by analyzing the graph, thesimulation experiment results show that the carbon emissions trading market model can beused to the realistic trading market.