我国PM2.5排放权初始分配的影子价格分析

The Shadow Price Analyses of the Initial Distribution of PM 2.5 Emission Rights in China

本文以环境金融视角研究我国PM2.5污染治理问题,选择PM2.5排放权初始分配的影子价格作为研究重点,从纵向时间角度以及横向省际角度对我国PM2.5排放权初始分配影子价格进行了实证分析。结果显示:第一,纵向来看,根据影子价格三阶段理论,我国历年PM2.5排放权影子价格经历了前两个阶段:陡坡带和平缓带,这与我国经济发展的环境效率密切相关。第二,横向来看,我国省际PM2.5排放权影子价格相差较大,其中有14个省(市)低于全国平均水平,影子价格高的污染源更有可能成为排放权交易市场上的买方。

This paper focuses on the shadow price analyses of the initial distribution of PM2.5 emissionrights based on Environmental Finance.The empirical analyses are conducted from the longitudinal angle andhorizontal angle,leading to the following results:1) in the longitudinal view,according to three-stage theory ofshadow price,the shadow price in China over the years is going through the first two stages:steep zone andpeaceful zone,which is closely related to China's economic development.2) China's regional development isnot balanced,so the shadow prices of PM2.5 emission rights vary considerably,there are 14 provinces lowerthan the national average,and the higher the shadow price is,the pollution source is more likely to be the buyerof an emission trading market.