ABSTRACT
To deal with climate change, China has pledged to strive to reach a carbon peak by 2030 and realize carbon neutrality by 2060. First, this paper introduces the development and the current situation of China’s carbon trading market and points out that it is necessary to build a national unified carbon market. Secondly, the impact of the carbon trading market on the power market is analyzed based on system dynamics, and the results indicate that the power price shows a positive correlation with the carbon trading price. Finally, based on the analysis of the mechanism of the carbon market’s effect on the power market, the coupling path of the carbon market and power market is explored. Moreover, this paper proposes the synergistic development of the mechanism of the carbon market and power market to promote the consumption of clean energy and contribute to the early achievement of China’s carbon peaking and carbon neutrality targets.
