• CSCD核心库收录期刊
  • 中文核心期刊
  • 中国科技核心期刊

ELECTRIC POWER CONSTRUCTION ›› 2023, Vol. 44 ›› Issue (12): 1-13.doi: 10.12204/j.issn.1000-7229.2023.12.001

• Analysis of the Coupling Mechanism of the Electricity Market and the Carbon Market ?Hosted by Professor ZHAO Junhua and Research Fellow LIANG Gaoqi? • Previous Articles     Next Articles

Review and Prospect of Coupled Electricity-Carbon-Renewable Portfolios Trading

JIANG Yuewen1,2,3(), CHEN Wei1()   

  1. 1. College of Electrical Engineering and Automation, Fuzhou University, Fuzhou 350108, China
    2. Fujian Province University Engineering Research Center of Smart Distribution Grid Equipment, Fuzhou 350108, China
    3. Research Center of Integrated Energy Planning and Optimal Operation, Fuzhou University, Fuzhou 350108, China
  • Received:2023-06-15 Published:2023-12-01 Online:2023-11-29
  • Supported by:
    National Natural Science Foundation of China(51707040)


Recently, in the face of global climate problems and challenges posed by the scarcity of conventional fossil energy sources, governments have successively proposed strategic goals for energy conservation, emission reduction, and support for renewable energy development. The carbon emissions market and renewable portfolio standards are important market tools for reducing carbon emissions and promoting renewable energy consumption. As the main responsible body of CO2 emission, the low-carbon green transformation of power system is the key link to help the “carbon peak, carbon neutral” target, and the coupling of electricity-carbon-renewable portfolio standard will help to promote CO2 emission reduction and renewable energy consumption to a greater extent. First, it analyzes the interaction mechanism between the electricity and carbon markets and the electricity and renewable portfolio standards. Second, it summarizes the current research status of coupled electricity-carbon-renewable portfolio trading from the perspectives of trading mechanism design, trading optimization, and market trading technology. Furthermore, this study describes the current status and mechanisms of the domestic and international implementation of carbon markets and renewable portfolio standards to reflect the policy environment for emissions reduction in different countries. Finally, the challenges and limitations faced by the construction of China’s electricity-carbon-renewable portfolio-coupling mechanism are sorted out. In addition, the prospect of the synergistic development of the electricity market, carbon market, and renewable portfolio standards is proposed to provide a reference for constructing China’s coupling trading mechanism and help achieve the goal of “carbon peak and carbon neutrality.”

Key words: carbon emission market, renewable portfolio standard, electricity market, coupled trading mechanism

CLC Number: