Abstract

The iron and steel industry is one of the important sources of global greenhouse gas emissions, and carbon emission reduction has become an important challenge for iron and steel enterprises. In order to realize the carbon emission reduction target, many countries and regions have established carbon emission trading markets to guide enterprises to reduce carbon emissions through the carbon emission right trading mechanism. In these trading markets, the price of carbon emission rights is an important influencing factor, which directly affects the emission reduction cost and the economic benefits of enterprises. However, current research on the trading price of iron and steel carbon emission rights is still relatively limited. The special nature of the iron and steel industry, such as high energy consumption and high carbon emission, makes the formation mechanism and influencing factors of carbon emission right trading price different from other industries. Therefore, an in-depth study of the influencing factors and trading mechanism of steel carbon emission right trading price is of great significance in guiding emission reduction decisions of steel enterprises and the policy formulation of the government.