Abstract
China's power market and carbon market development have been accelerated to achieve the goal of decarbonisation with cost optimization. It is important to design a power market that takes into consideration the interactions with carbon trading. In this paper, the mutual influence of the power market and carbon market is analyzed. The two markets co-ordinately function to reduce carbon emission. Then, the international practices of power market mechanism that facilitate carbon market effectiveness are studied to bring forward suggestions for China's power market design. By strengthening the synergy mechanism between the carbon market and the power market, the role of the market mechanism in optimizing energy allocation and climate governance can be maximized.
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