Research on the Synergistic Optimization Operation Mechanism of the Environmental Rights Trading Market in Chongming District

DOI: https://doi.org/10.62517/jmsd.202512604

Author(s)

Jiayu Zhang*, Tianrun Yu, Shuyi Zhang

Affiliation(s)

State Grid Shanghai Chongming Power Supply Company, Shanghai, China * Corresponding Author

Abstract

Focusing on Chongming District (a typical ecologically sensitive area), this study decomposes environmental rights transaction costs into four key dimensions (carbon cost intensity [CCI], carbon emission intensity [CEI], production efficiency level [PEL], employment scale effect [ESE]) via the Logarithmic Mean Divisia Index (LMDI) method, using enterprise and resident data. It also constructs environmental rights (green certificates, green electricity) potential models and a "mutual recognition ratio model”. Results show CCI and PEL drive cost growth, while CEI and ESE inhibit costs. The multi-market mutual recognition mechanism reduces comprehensive transaction costs and total carbon emissions; the "prioritizing high-value product development" strategy achieves full coverage of photovoltaic grid-connected electricity. The multi-market coordination mechanism cuts enterprises’ transaction costs and supports green, high-quality transformation of ecologically constrained regions.

Keywords

Environmental Rights; Multi-Market Coordination; Carbon Market; Decomposition Analysis; Ecologically Sensitive Region

References

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