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The impact of coal and electricity markets on the performance of sulfur dioxide emission trading markets of thermal power industry |
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Abstract Taking SO2 emission trading as an example, the influence of input and output market (coal price and electricity price) on power plants’ decision marking in emission trading markets, as well as the market’s performance was examined. The results from the general equilibrium framework showed that the coal and electricity prices had significant impacts on the emission trading market price and performance. In the light of China’s current coal and electricity pricing mechanism, the increase of coal price will decrease the permit price and reduce the market activity significantly.
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Received: 30 July 2009
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