Abstract: The potential problem of excessive carbon price fluctuation in the carbon emission trading schemes is proposed based on the experience of the EU emission trading scheme (EU ETS). Then possible factors leading to excessive carbon price fluctuations and the negative effect of the excessive price fluctuation are analyzed, and the necessity of using carbon price stabilization mechanism is clarified. Several kinds of carbon price stabilization mechanism and the means of implementing them are summarized, and the potential problem of the mechanisms is analyzed. Based on the analysis above, it is proposed that a systematic, flexible, easy-to-operate and low cost carbon price stabilization scheme should be designed at the initial development stage of the China’s carbon market, incorporating mechanisms to prevent the possible carbon price spurt or collapse and mechanisms to minimize price volatility among years over the entire pilot phase, so that the carbon abatement target could be realized at a low cost.
莫建雷 朱磊 范英. 碳市场价格稳定机制探索及对中国碳市场建设的建议[J]. 气候变化研究进展, 2013, 9(5): 368-375.
Mo Jianlei Zhu Lei Fan Ying. Carbon Price Stabilization Mechanism and Its Implication for China. Climate Change Research, 2013, 9(5): 368-375.