Possibilities of Multiagent Simulation Model Application in the Emission Allowances Trading Area

Abstract

This paper is focused on possibilities of simulation of emission allowances trading within the EU emission trading system, using new designed multiagent simulation model, which integrates different original soft computing and decision making methods. Firstly, the paper presents the background of the EU emissions trading system and an overview of different methods used in current research connected with CO2 emission allowances trading. The great contribution of presented paper is the simulation model. This model consists of submodels like model of emission allowances trading of agents – companies and model of ministerial supervision. Each model is described in terms of unconventional modeling methods (like soft computing and decision making methods). In the discussion part, the possibilities of practical usage of created multiagent simulation model in decision making process in companies and public economics are suggested.