Agent-Based Evolutionary Method of Simulation the Co2 Emission Permits Market

Abstract

Abstract This article describes the problem of simulation of the CO2 emission permits market. First, it introduces a CO2 permission market model with transactions and purchase prices, in particular with a separate goal function for each party, transactions with price negotiations between regions and - as a consequence of introducing prices for permits - the possibility of investigating the influence of purchase/sale prices on the market. The behavior of such market model is simulated using a method, which is based on a specialized evolutionary method but introduces independent agents with their own transaction preferences.