In　2013,　China　opened　pilot　carbon　emission　trading　markets　in　seven　provinces,　where　carbon　emission　allowances　have　now　been　traded　for　more　than　two　years.　In　this　paper,　we　employ　a　structural　VAR　model　and　the　price　of　the　Beijing　carbon　emission　allowance　to　study　the　dynamic　relationships　among　the　price　of　the　carbon　emission　allowance,　economic　development　and　the　price　of　energy.　This　paper＇s　data　cover　the　period　from　April　2,　2014　to　November　6,　2015.　This　paper　provides　information　that　will　be　helpful　to　both　investors　and　governmental　policy　makers.　The　results　show　that　(1)　an　increase　of　one　standard　deviation　in　the　coal　price　leads　to　an　initial　increase　of　approximately　0.1%　in　the　Beijing　carbon　price.　After　2　days,　there　is　a　decrease　of　less　than　0.1%,　and　the　price　gradually　increases　by　approximately　0.1%　after　30　days;　(2)　the　price　of　the　Beijing　carbon　emission　allowance　is　mainly　affected　by　its　own　historical　price;　(3)　the　Beijing　carbon　emission　allowance　price,　crude　oil　price,　natural　gas　price　and　economic　development　have　positive　-　albeit　non-significant　-　correlations.