Carbon Finance and Carbon Market: Models and Empirical Analysis

The carbon dioxide emissions trading market is a cost‑effective instrument for addressing climate change. As global action on climate change deepens, the volume of transactions in the international carbon market has grown rapidly. The development of many high‑emission industries in Europe has been constrained and influenced by the price of CO₂ emission allowances. The international carbon market, represented by the European Union Emissions Trading System (EU ETS), constitutes an effective practical application of the economic theory of emissions trading in the context of climate action, and it encompasses a wealth of management science issues worthy of research. Carbon market and carbon finance issues have become a research hotspot in the international academic community in the fields of energy and climate change.Focusing on the frontiers of international scholarship, this book systematically analyzes issues such as the allowance allocation mechanism of the carbon market, external and internal influencing factors, the price volatility patterns of emission allowances, and carbon market risks. It is hoped that this research will further clarify the intrinsic characteristics and external drivers of the carbon market, deepen understanding of relevant carbon market issues, and provide theoretical knowledge in carbon markets and carbon finance to support China's climate change actions.This book is suitable for government officials in energy economics, management, and climate policy; business managers; university faculty and students; researchers; and related practitioners.