Research On The Impact Of Carbon Trading Mechanism On The Cost Of Power Generation Companies

Global warming and energy supply constraints have become a serious challenge that needs to be addressed by all of humanity.As the world’s largest carbon emitting country,China has been actively taking the responsibility to reduce carbon emissions,and environmental governance policies have been continuously improved and developed.A national carbon market is established in 2021,and the policy of reducing carbon emissions by means of market has been developing in China,therefore,carbon trading have an important impact on the cost of power generation enterprises.Based on the research perspective of cost management,this paper explores the impact of carbon emissions on the cost of power generation enterprises,and the selected topic has important theoretical meaning and practical significance.This paper examines the impact of carbon trading mechanisms on the costs of power generation companies,and is divided into six chapters and three parts:Firstly,this paper combs the relevant literature at home and abroad,summarizes the relevant theoretical studies,and presents the research ideas of this paper;Secondly,this paper analyzes the impact of carbon trading mechanism on the cost of power generation enterprises and constructs a system dynamics model that reflects the interconnection,mutual influence and dynamic change of factors;Finally,we select enterprise G with thermal power,hydropower,wind power and photovoltaic power generation as the case study object and apply the constructed system Finally,the case study of enterprise G is conducted to analyze the interactions and dynamic changes of carbon cost factors and the impact of carbon trading mechanism on the cost of power generation enterprises under different free carbon quota ratios.The conclusions of the case study are as follows:Carbon emission trading volume and carbon emission rights price are the two most important factors of carbon emission rights trading amount,and coal price affects both of them at the same time.The price of coal has fluctuated greatly in recent years,so enterprises should focus on it;The reduction of the proportion of free carbon allowances will increase the demand of enterprises for carbon trading volume,which will be influenced by market supply and demand,and the price of carbon will also increase,and the impact on the cost of enterprises cannot be ignored;The reduction of the total supply of carbon quotas and the proportion of free carbon quotas will increase the demand of enterprises for carbon trading volume,which will be influenced by market supply and demand,and the price of carbon will also increase,which has a nonnegligible impact on the cost of enterprises;Carbon trading mechanism increases the cost of power generation enterprises by setting emission limits,and effectively upgrades the technology of power generation enterprises and restructures the power supply.This paper uses the system dynamics method to clearly and intuitively present the interrelationship of the cost factors of power generation enterprises,which could comprehensively reflect the path and extent of the interaction and influence of the costrelated factors of power generation enterprises.This study helps power generation enterprises to improve their carbon asset and cost management,to effectively guide them to achieve emission reduction at lower costs,to achieve the goal of sustainable development,to help build a beautiful China,and to promote the realization of the dual carbon goal.