Research On The Coupling Coordination And Policy Support Between Green Certificate Trading Market And Carbon Market In China

The goal of the global energy transition,which is characterized by clean and low carbon,is to reduce carbon dioxide emissions and eventually achieve near zero or zero emissions.In order to build an energy-saving Green Society,China has summarized a set of relatively mature system and goals,which are the renewable energy quota system(RPS)and the goal of "Carbon neutrality,carbon peak".The demand for decarbonisation in the power system has led to policy mechanisms-the Green certificate market(TGC)and the carbon market.When Green certificate trading and carbon trading synergy,how will affect China’s power supply structure and market behavior,and promote the power industry to achieve energy conservation and emission reduction goals,as well as the scenario analysis under the different support policies constitutes the core content of this paper.The paper analyzes and summarizes the historical experience and characteristics of the green certificate market and the Carbon Market,uses the System dynamics method to analyze the complex system,sets up the key equations,and constructs the analysis model of the coupling effect of the two markets,based on the two dimensions of thermal power enterprises and Green Power Enterprises,the System dynamics causality circuit diagram and system framework were drawn,and 28 representative economic and policy indicators were selected,finally,a System dynamics model of green certification market and carbon market coupling and coordination and policy support was constructed,including level,rate,auxiliary and constant variables,three scenarios of slow development,smooth development and fast development are set up to reveal the interaction of two markets and its potential impact on the development of power industry under multi-scenario environment,secondly,it leads to the coordination method of the coupling model between green certificate market and carbon market.Finally,it summarizes the theoretical innovation and practical enlightenment,this paper puts forward some suggestions on how to promote the further development of quota system and the goal of green transition from the perspective of individuals,enterprises and governments.This paper studies how to guide market participants such as enterprises and institutions to adjust their business strategies according to the reality of RPS,step by step promote cleaner production,implement cost reduction and efficiency improvement,and Innovate Green Technology,in the decarbonization at the same time to improve economic returns and for the government and related departments to set incentives and penalties,adjust the proportion of quotas to provide a realistic basis.It provides various ways for us to give full play to the heterogeneity of China’s resource endowment.