Risk Decision Analysis for Power Suppliers under the Carbon Emission Trading Environment

Autor: Xiao Jiang Huo, Hao Cheng, Yun Feng Luo, Yu Hong Wan, Zhong Jing Liu
Rok vydání: 2013
Předmět:
Zdroj: Advanced Materials Research. :356-361
ISSN: 1662-8985
Popis: Based on the existing three mechanisms in the Carbon emission trading system, this paper proposes a hybrid carbon trading mechanism which is compatible with the characteristics of all the participants, analyzes the operation modes, benefits and risks of the power suppliers, builds a risk decision model for emission right trading according to the Financial Portfolio Theory, and gives its efficient frontier. This study provides not only theoretical supports for the power supplier’s effective management of emissions risks, but also expands the application scope of the risk management theory. Furthermore, this paper provides a reference for the government to establish an open carbon trading system.
Databáze: OpenAIRE