Building a large unified market of energy-power-carbon interaction is an inevitable requirement for promoting carbon peaking and carbon neutrality. It has great signifcance for our country to discuss the role and influence of market mechanism under the background of EU energy crisis. Therefore, on the basis of clarifying the mechanism design of the EU carbon trading market and its cross-market linkage relationship, this paper quantitatively analyzes the energy price volatility and macroeconomic volatility of China and the EU in recent years, and in - depth understands the reasons for the energy crisis and derived social and economic risks in the EU through comparison. The paper summarizes relevant experiences and lessons, and puts forward policy suggestions for the construction of a unified large market in the field of energy in China.
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