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Discrete Dynamics in Nature and Society
Volume 2014, Article ID 135818, 7 pages
Research Article

Carbon Market Regulation Mechanism Research Based on Carbon Accumulation Model with Jump Diffusion

1School of Economics, Central University of Finance and Economics, Beijing 100081, China
2School of Management, University of Chinese Academy of Sciences, Beijing 100190, China
3School of Economics and Management, Beihang University, Beijing 100083, China

Received 13 March 2014; Accepted 6 May 2014; Published 22 May 2014

Academic Editor: Chuangxia Huang

Copyright © 2014 Dongmei Guo et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.


In order to explore carbon market regulation mechanism more effectively, based on carbon accumulation model with jump diffusion, this paper studies the carbon price from two perspectives of quantity instrument and price instrument and quantitatively simulates carbon price regulation mechanisms in the light of actual operation of EU carbon market. The results show that quantity instrument and price instrument both have certain effects on carbon market; according to the comparison of the elasticity change of the expected carbon price, comparative advantages of both instruments rely on the price of carbon finance market. Where the carbon price is excessively high, price instrument is superior to quantity instrument; where carbon price is excessively low, quantity instrument is better than price instrument. Therefore, in the case of carbon market regulation based on expected carbon price, if the carbon price is too high, price instrument should prevail; if the carbon price is excessively low, quantity instrument should prevail.