我国“控碳”趋势下的碳-电市场机制衔接分析

doi:10.3969/j.issn.2097-0706.2025.05.001

摘要/Abstract

摘要：

在“双碳”目标下，低碳市场与电力市场的市场机制和运营状态呈频繁、快速变化的特征，市场价值耦合传导的分析难度增加。从低碳市场所包括的碳排放权交易市场、绿色电力证书市场、绿色电力市场各自的发展历程出发，结合低碳市场近期的运营状况，从静态和动态两个维度深入研究了碳-电市场的关联关系及其价值传导机制。基于对碳-电市场底层价值传导逻辑的理解，探讨了碳-电市场的协同发展路径，指出了市场衔接中存在的问题并提出了相应的改进建议，可为我国碳-电市场的协同发展及价值传导提供有效的分析方法和思路。

关键词: “双碳”目标, 低碳市场, 电力市场, 碳排放权交易市场, 绿色电力证书市场, 绿色电力市场, 碳排放配额

Abstract:

Under the "dual carbon" target， the mechanisms and operating conditions of low-carbon and electricity markets are undergoing frequent and rapid changes， complicating the analysis of market value coupling and transmission. Starting from the development trajectories of the carbon emissions trading market， green certificate market， and green power market， key components of the low-carbon market， and combining these with the recent operational status of the low-carbon market， this study investigates the relationship and value transmission mechanisms between the carbon-electricity markets from both static and dynamic perspectives. By examining the underlying value transmission logic between these markets， this paper explores pathways for their coordinated development， identifies existing issues in market integration， and proposes corresponding improvements. The findings offer effective analytical approaches and insights for promoting synergy and value transmission between China's carbon-electricity markets.

Key words: "dual carbon" target, low-carbon market, electricity market, carbon emissions trading market, green certificate market, green power market, carbon emission allowances

中图分类号:

TK01

吉斌, 李永刚, 昌力, 钱娟, 涂杉杉. 我国“控碳”趋势下的碳-电市场机制衔接分析[J]. 综合智慧能源, 2025, 47(5): 1-11.

JI Bin, LI Yonggang, CHANG Li, QIAN Juan, TU Shanshan. Analysis of the linkage of carbon-electricity market mechanism under China's "carbon control" trend[J]. Integrated Intelligent Energy, 2025, 47(5): 1-11.

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交易形式	交易标的物	交易方式	交易价格	交易范围	交易特点
绿电交易	电能量+环保权益	挂牌、双边协商、集中竞价等	电能量价值+环境价值	省间、省内	电证合一
绿证交易	环保权益	挂牌、双边协商、集中竞价等	环境价值	无范围限制	证电分离
碳交易	碳排放配额+CCER	挂牌、协议转让、集中竞价	碳排放配额价值+CCER价格	无范围限制	总量限定