Coupling Mechanism of U.S. Carbon Market and Electricity Market: A Case Study of Regional Greenhouse Gas Initiative

doi:10.3969/j.issn.1000-7229.2018.07.005

Abstract

Abstract: The U.S. Regional Greenhouse Gas Initiative （RGGI） is a mandatory CO2 cap-and-trade program which targets at the power industry and has been running since 2009. As the electricity market is restructuring in this period, there is a close connection between the carbon market and electricity market. In this study we first analyze the quota allocation mechanism and market efficiency of the RGGI regional carbon market and then examine the electricity operating mechanism and energy structure. We focus on the coupling mechanism between the carbon market and electricity market. It will provide valuable experience for China's carbon market and electricity market.

Key words: regional greenhouse gas initiative （RGGI）, carbon market, electricity market, coupling mechanism, power generation structure reconstruction

CLC Number:

TM 9

SHUAI Yunfeng, ZHOU Chunlei, LI Meng, HU Junfeng, WANG Peng. Coupling Mechanism of U.S. Carbon Market and Electricity Market: A Case Study of Regional Greenhouse Gas Initiative[J]. Electric Power Construction, 2018, 39(7): 41-47.

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Coupling Mechanism of U.S. Carbon Market and Electricity Market: A Case Study of Regional Greenhouse Gas Initiative

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