摘要
选取深圳、上海等五地碳金融试点市场的碳配额交易价格时间序列数据,并对其进行对数差分处理,对我国五地碳金融市场内的交易价格状况以及收益特征进行研究,最后就区域间碳价差异较大、碳配额分配不均、市场总体有效性不足;收益率受外部冲击影响较大;市场交易参与度以及市场流动性不足等问题分别提出完善市场机制、规范监管体系、增强市场活跃度的政策建议。
This paper studied the transaction price status and income characteristics in the carbon finance markets in my country’s five places by selecting the time series data of carbon allowance transaction prices in the carbon finance pilot markets in five places such as Shenzhen and Shanghai,and conducting logarithmic difference processing on them.There were some problems such as large differences in carbon prices between regions,uneven allocation of carbon allowances,and insufficient overall market effectiveness;yields were greatly affected by external shocks;market transaction participation and market liquidity were insufficient.Finally it proposed policies about improvements in market mechanisms and standardizing regulatory systems.
作者
王心悦
杨爱军(指导)
WANG Xin-yue(College of Economics and Management,Nanjing Forestry University,Nanjing 210037,China)
出处
《中国林业经济》
2021年第2期56-60,共5页
China Forestry Economics
关键词
碳金融
价格波动
收益特征
carbon finance
price fluctuations
income characteristics
