Carbon leakage perspective: Unveiling policy dilemmas in emission trading and carbon tariffs under insurer green finance

doi:10.1016/j.eneco.2023.107292

淡江大學機構典藏 > 商管學院 > 國際企業學系暨研究所 > 期刊論文 > Item 987654321/124998

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題名:	Carbon leakage perspective: Unveiling policy dilemmas in emission trading and carbon tariffs under insurer green finance
作者:	Lin, Jyh-horng
關鍵詞:	Carbon leakage;Emission trading;Carbon border adjustment mechanism;Carbon tariff;Green finance
日期:	2024-01-06
上傳時間:	2024-01-25 12:05:14 (UTC+8)
出版者:	Energy Economics
摘要:	This study delves into the intricacies of the policy dilemma surrounding carbon emission trading and carbon tariffs, with a specific focus on the perspective of carbon leakage. Using a capped call option model, we assess the equity of a life insurer, emphasizing the importance of carbon leakage resulting from borrowing by carbonintensive manufacturers. The findings reveal a nuanced scenario: while an increase in green loans positively impacts the guaranteed rate of the insurer, it simultaneously poses a challenge to the equity of carbon-leakage vulnerable manufacturers. Stringent regulatory caps on emissions act as a limiting factor on guaranteed rates for carbon-intensive borrowers. Additionally, higher Carbon Border Adjustment Mechanism tariff rates contribute to a decrease in the guaranteed rate, affecting both the fund-providing insurer and the borrowing manufacturer. This analysis underscores the intricate balance required in policymaking and decision-making, where an understanding of these complex relationships becomes pivotal. Striking the right balance between environmental sustainability and financial stability is essential to navigating the policy dilemma inherent in carbon emission trading and carbon tariffs.
關聯:	Energy Economics 130,　107292
DOI:	10.1016/j.eneco.2023.107292
顯示於類別:	[國際企業學系暨研究所] 期刊論文

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