THE INTEGRATION MECHANISM BETWEEN CARBON TRADING MARKET AND DUAL-CONTROL OF CARBON EMISSIONS: A CASE STUDY OF SHENZHEN

Global warming and the imperatives of low‐carbon development have driven the implementation of China’s carbon peak and carbon neutrality goals. This paper takes Shenzhen as a case study and constructs an analytical model from the perspectives of institutional economics, policy integration, and multi-level governance. Utilizing policy text analysis and qualitative research methods, it examines the linkage between the carbon trading market and the dual-control mechanism for carbon emissions. The findings indicate that the synergistic effect of market incentives and administrative regulation significantly promotes carbon reduction and provides valuable insights for low-carbon transformation. This study enriches the theoretical framework of carbon governance and offers decision-making guidance for China’s low-carbon transition, with substantial potential for both theoretical advancement and practical application in policy implementation.