Abstract: Science Set Journal of Economics Research

Abstract:
As global climate change intensifies, carbon trading markets have become an important mechanism to address greenhouse gas emissions. For China, one of the largest carbon emitters, exploring the impact of different types of energy production on carbon prices holds significant importance. Based on monthly data from December 2021 to August 2024, this study employs the entropy weight method to analyze the effects of electricity generation, crude oil processing, gas production, and natural gas production on carbon prices. The results show that electricity generation has the greatest impact on carbon prices, especially after April 2023, when the increase in clean energy generation further influenced carbon price fluctuations. The findings suggest that advancing clean energy policiesis crucial for the development of China’s carbon market and the achievement of its carbon neutrality goals.