CAJ | 학술논문

发展低碳经济，提升碳交易与清洁发展能力已是大势所趋。文章通过对CDM项目进展、经济基础与资源禀赋等方面对江苏省内企业发展碳交易市场进行潜力分析后发现，该地区存在巨大的节能减排空间。实证研究中将实物期权理论引入碳交易机制，借助B-S模型及欧盟碳交易市场相关数据构造出碳排放期权定价模型，根据欧盟与江苏经济发展的相似性折扣给出江苏地区碳交易的市场定价，同时，围绕技术、管理及政策三个层面提出该地区CDM机制的新型思路建议，旨在为江苏企业在清洁发展机制下逐步开发完善碳交易市场提供有利依据与参考。
발전저탄경제，제승탄교역여청길발전능력이시대세소추。문장통과대CDM항목진전、경제기출여자원품부등방면대강소성내기업발전탄교역시장진행잠력분석후발현，해지구존재거대적절능감배공간。실증연구중장실물기권이론인입탄교역궤제，차조B-S모형급구맹탄교역시장상관수거구조출탄배방기권정개모형，근거구맹여강소경제발전적상사성절구급출강소지구탄교역적시장정개，동시，위요기술、관리급정책삼개층면제출해지구CDM궤제적신형사로건의，지재위강소기업재청길발전궤제하축보개발완선탄교역시장제공유리의거여삼고。
It is a tendency to develop low-carbon economy and lift the ability of carbon trade and clean development. Through potential analysis of CDM project progress, economy foundation and resource endowment to developing the carbon trade market of Jiangsu companies, we can find that this district possesses huge space for energy conservation and emissions reduction. Besides, we have introduced real option theory to study of the carbon trading mechanism of empirical research, by using the B-S pricing model and European carbon option trade market data, constructed a carbon option pricing model, then based on the similarity economy comparison between European Union and Jiangsu province, obtained the discounted carbon trading market price of Jiangsu area. at last, around technology, management and policies levels to putting forward some relevant suggestions and measures on CDM mechanism provided beneficial basis and references to Jiangsu companies in stepwise development of carbon trading market under CDM mechanism.