Notice of RetractionThe study on the effect of shadow price in emission trading

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Shadow price reflects the real value of the resource in the specific economic system. It embodies the degree of the scarcity of resource. Emission right refers to the emission permits for firms to discharge pollutants into external environment, which indicates the behavior for firms to occupy environmental resources. Emission trading commercializes environmental resources and promotes the re-allocation of environmental resources in the whole society. The shadow price theory is used to analyze and explore the application of shadow price in the initial allocation and market trading of emission trading. In the end it summarizes the changing characters of the shadow price of emission right and its role in environmental policy.