English 
简体中文 On the morning of July 5, the bidding for major scientific research projects under the State Grid Corporation of China was opened. The research project titled "Research on the Integrated Development Strategy of Electricity and Carbon Markets under the Dual Carbon Goals", led by Assistant Professor Ye Bin from the School of Environment at Southern University of Science and Technology, successfully won the bid. This research project is a concrete measure taken by the State Grid Corporation of China in response to the national "dual carbon" strategic goals within the field of industry innovation. Hundreds of universities, research institutions, and enterprises from across the country participated in the bidding for multiple project segments. After preliminary review by the bidding agency, anonymous expert evaluation, and final review by the State Grid Corporation, the application team led by Professor Ye Bin stood out among more than 10 competing entities and successfully secured the project. This marks an important achievement for the university in applying for research projects under the State Grid Corporation of China, reflecting the significant role of Southern University of Science and Technology in national "dual carbon" policy research and demonstrating the strong research capabilities of the Ye Bin research group in strategic consulting related to the "dual carbon" goals.
The power sector is a key area of carbon emissions in China. Against the backdrop of the "carbon peak and carbon neutrality" strategy, the integrated development of the electricity market and the carbon trading market can help achieve carbon reduction targets in the power industry and represents a market-based policy tool for addressing climate change. However, compared to developed Western countries, China's carbon trading market started relatively late, and relevant data is relatively scarce. At the same time, China's electricity market is in a dual-track pricing phase involving both planning and market mechanisms. During the transition to marketization, it faces issues such as incomplete competition due to monopolies and price opacity caused by government-led pricing.
This project aims to systematically compare the current operation and key mechanisms of domestic and international electricity-carbon markets, and to propose more effective mechanisms and models for the coordinated development of electricity and carbon markets. Starting from key mechanisms, product trading, and coupling indices in the electricity-carbon markets, the project will analyze the main obstacles in China's electricity market reform and the integration of electricity and carbon markets. Finally, it will explore a comprehensive market trading decision-making model under the background of electricity-carbon integration. Focusing on key links such as allowance allocation, trading, and compliance in the electricity-carbon markets, the project will propose an overall design plan, put forward key strategies for grid companies to participate in the construction and operation of electricity-carbon markets, and attempt to conduct a pilot implementation of electricity-carbon market integration in the Hubei power grid to test the theory with empirical results.
With the support of this project, the research group will continue to delve into the integrated development of carbon trading markets and electricity trading markets, and provide policy recommendations for the construction and development of a unified national market in China's energy sector.