| The 20 th National Congress of the Communist Party of China has pointed out the direction for the development of China’s carbon emission reduction cause and believes that we should base ourselves on the basic national conditions,adhere to the principle of "build first and then break",plan and promote relevant work systematically.With the continuous publication of carbon peak action plans in various regions and industries in China,the timetable and roadmap for carbon peak are becoming increasingly clear,and a vast green and low-carbon revolution is beginning.As the carbon emissions of the power industry exceed more than 40% of the entire society,achieving a carbon peak in the power industry on schedule is crucial to achieving the national carbon peak goal.Therefore,the power industry has also become the first high-emission industry covered by the national carbon market.The first performance cycle of the national carbon emission trading market has successfully ended,and positive results have been achieved in promoting carbon emission reduction in the power industry through market mechanisms.However,due to the initial establishment of the national carbon market,relevant market policies still need to be further improved.Reasonably assessing the value of carbon emission rights of thermal power enterprises,and then effectively determining the value of carbon emission rights of the thermal power industry,is of great significance for the carbon trading market to reasonably price,better play the carbon emission reduction governance function of the market,and ensure that China’s carbon peak and carbon neutrality goals will be achieved on schedule.First of all,this paper introduces the relevant research background and significance and reviews the domestic and foreign literature related to carbon emission rights,expounds on the main research contents,methods,and technical routes of this paper,and points out the possible innovations.Secondly,this paper defines and introduces the core concepts and methods,and arranges the basic theories related to the valuation of carbon emission rights,which lays a theoretical foundation for the subsequent post.Thirdly,this paper analyzes the power supply/demand situation and the carbon emissions of China’s power industry,introduces the current situation of China’s carbon trading system,and summarizes the problems of China’s carbon trading system.Subsequently,this paper analyzes the applicability of the carbon emission value assessment methods according to the current situation and problems of the carbon trading system and selects to build the evaluation model based on the PCV carbon trading production function.Finally,this paper selects Bao Li Hua New Energy,Hua Yin Electric Power,and Chang Yuan Electric Power as the appropriate thermal power enterprises from the listed companies in China’s thermal power industry for case analysis.The final evaluation results are obtained by calculating the parameters of the model.And we can get the data we need from the companies’ annual reports,professional websites,and other channels,and the rationality of the evaluation results is analyzed.The conclusions of this paper are as follows:(1)The power industry has achieved positive results in carbon emission reduction,but more efforts are still needed to achieve the industry’s carbon peak target.(2)The operation framework of the national carbon market has been basically established,and it has effectively improved the emission reduction awareness and capacity of high-emission enterprises.However,there are also problems such as low carbon prices and inactive transactions in the national carbon market,so it is necessary to improve the relevant market system mechanism.(3)The carbon emission allowance value evaluation model based on the PCV carbon trading production function has good applicability for evaluating the value of carbon emission allowances in the thermal power industry. |
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