Abstract: To achieve zero net emission as soon as possible and actively mitigate climate change, it is necessary to make more revolutionary breakthroughs in both carbon emission reduction and carbon sink expansion. Climate change mitigation requires a variety of emission reduction measures, but different measures may have large differences in both cost and effectiveness. Existing carbon markets have provided different commodities and incentives for different emission reduction behaviors. However, there is a lack of unified analysis frameworks and decision support methods to answer questions like‘how to achieve differentiated incentives’,‘how to coordinate the trading between different commodities’. This paper re-examines carbon market regulatory mechanism design from the perspective of cyber physical social system in energy. Based on a detailed analysis of the multiple attributes and interaction mechanisms of carbon emission reduction behaviors, the interaction logics among different commodities in carbon market are re-designed. Each commodity market is regulated according to its respective market rules and different commodity markets are coordinated by multiple equivalents. The proposed mechanism focuses on the multiple benefits of carbon emission reduction and carbon offset behaviors to avoid market shocks and disturbances caused by rigid market links, discrete regulation and multi-end regulation. Sandbox derivation based on hybrid simulation can be utilized to provide decision support for market framework design and regulation.