Abstract: With the acceleration of building a unified national carbon trading market, it is of utmost importance to scientifically assess the risk spillover effect between the carbon trading market and the energy market in the complex and dynamic market environment. This study employs the spillover model proposed by Diebold and the Joint Spillover Model proposed by Lastrapes to assess the static and dynamic risk spillover effect between the carbon trading market and energy market in China. The findings indicate that there is risk spillover effect between the carbon trading market and energy market and the spillover index of them significantly fluctuates. In light of these results, this study provides suggestions for accelerating the construction of the carbon trading market.