Impacts of Carbon Emission Trading Markets on Energy Transformation: A Review of the Existing Literature

Abstract

In the current era, carbon emission trading markets seem to be a booster when the global society vigorously advocates energy transformation. Different scholars mainly focus on analyzing the transmission mechanism of carbon emission trading markets on energy transition, the role of carbon emission trading markets on renewable energy, and the impact of carbon emission trading markets with other policies on energy mix. However, the conclusions on whether carbon emission trading markets can indeed contribute to energy transformation vary. Therefore, this article presents research papers on the impact of carbon emission trading markets on energy structure transformation in recent years through literature review and summarizes hot topics to facilitate future scholars to fill the research gap in this field.