Multi-agent based simulation of carbon emissions trading market in China

Author

Hongmei Deng ; Zhimin Chen ; Yanchun Pan ; Ming Zhou ; Meirong Zhou

Author_Institution

Coll. of Manage., Shenzhen Univ., Shenzhen, China

fYear

2013

fDate

17-19 July 2013

Firstpage

686

Lastpage

691

Abstract

With the development of international carbon emissions trading market, the establishment of carbon trading market is an inevitable trend in China. This research aims to analyze a hypothesized carbon emissions trading market by using multi-agent based system simulation. Multi-agent based modeling simulates the behaviors of interacting and autonomous agents and their impact. In our study, the software-Anylogic© is used to build a model which contained 100 agents (enterprises) interacting with one another in an emission-quote trading market as autonomous decision makers. These agents act as buyers or sellers. A market-control agent directs the trading between the buyer and seller agents and enables a market mechanism with dynamic auction.

Keywords

decision making; digital simulation; environmental economics; environmental science computing; multi-agent systems; Anylogic; China; autonomous agents; autonomous decision maker; buyer agents; dynamic auction; emission-quote trading market; interacting agents; international carbon emissions trading market; market-control agent; multiagent based simulation; seller agents; Adaptation models; Carbon; Carbon dioxide; Companies; Global warming; Government; Meteorology; cap-and-trade; carbon trading market; carbon-emission reduction; multi-agent modeling and simulation;

fLanguage

English

Publisher

ieee

Conference_Titel

Service Systems and Service Management (ICSSSM), 2013 10th International Conference on

Conference_Location

Hong Kong

Print_ISBN

978-1-4673-4434-0

Type

conf

DOI

10.1109/ICSSSM.2013.6602584

Filename

6602584