based on the dynamic simulation platform for macro energy systems(DSMES)
this paper constructs a carbon market model which can simulate micro-trading behavior
according to the European Union Emissions Trading System(EU ETS)and relevant specific data. Based on this model
the dynamic impacts of the global financial crisis and the European debt crisis on carbon prices in the second phase(from 2008 to 2012)of EU ETS are simulated. Furthermore
taking allowance adjustments as the major control measure
this sand-table simulates the risk reducing effects of the preventive control
emergency control and coordinated control under different disturbance scenarios
which verifies the proposed carbon market risk defense framework and the concept of sand-table simulation can support the regulatory to coordinate and optimize their strategies.