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Forest and Grassland Resources Research >

2020 , Vol. 0 >Issue 1: 15 - 21

DOI: https://doi.org/10.13466/j.cnki.lyzygl.2020.01.003

Integrated Management and Administration

An In-depth Study on China's Carbon Market Matching

  • Yalu ZHU ,
  • Guangtong GU ,
  • Weiguang WU
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  • 1. School of Economics and Management,Zhejiang A&F University,Hangzhou 311300;
    2. Research Academy for Rural Revitalization of Zhejiang Province,Zhejiang A&F University,Hangzhou 311300;

Received date: 2019-11-29

  Revised date: 2019-12-17

  Online published: 2020-05-18

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Abstract

The article is based on the carbon quota trading data of China's eight pilot carbon markets from formal trading to March 1,2019.Through the use of propensity score matching method,the paper analyzes the matching depth of the carbon market,and on this basis,studies the carbon market compatibility and Cause Analysis.The results show that at present,46% of the two carbon markets in China's carbon market cannot be matched,and another more than 53% of the two carbon markets can be matched,and more than 93% of the carbon market match depth is between 49% and 53%.Shenzhen and Fujian carbon markets have strong compatibility,and the compatibility of different transaction types in Shenzhen carbon market is quite different.The resulting different compatibility may be related to the regionality of institutions such as quota allocation schemes and offset mechanisms,regulatory agencies,laws and regulations.

Key words： carbon market trading; propensity score matching(PSM); matching depth; carbon market compatibility; environment economic

Cite this article

Yalu ZHU , Guangtong GU , Weiguang WU . An In-depth Study on China's Carbon Market Matching[J]. Forest and Grassland Resources Research, 2020 , 0(1) : 15 -21 . DOI: 10.13466/j.cnki.lyzygl.2020.01.003

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