中文摘要：

企业违约风险制约着中国区域碳市场的可持续发展，亟需寻求风险阻断策略．本文从系统动力学视角出发，运用元胞自动机模型定量化度量了中国区域碳市场内不同类型企业违约风险，然后引入信誉水平和奖惩分担的信任治理规则，构建了违约风险阻断决策模型，探讨了有效控制中国区域碳市场事后违约风险暴露的价格调整幅度和奖惩额度区间．研究表明：基于信任治理的奖惩分担和价格调整策略是控制中国区域碳市场违约风险传染的有效手段，进一步印证了Carson等人关于信任治理的相关结论，也为中国碳市场稳定发展提供了理论和决策专持．

英文摘要：

Enterprise default risk restricts the sustainable development of China＇s regional carbon markets, it is urgent to seek risk blocking strategy. From the perspective of system dynamics, this paper measures the default risk of different types of enterprises in China＇s regional carbon market by cellular automata, and employs a default risk blocking decision model based on trust governance to achieve the price adjustment and rewards and punishments range, which can block the default risk effectively. The result shows that the trust governance is effective in controlling China＇s regional carbon market default risk, further confirms Carson＇s views in trust governance, and also provides theory and decision support for the development of China＇s carbon market stability.