期刊論文
| 學年 | 111 |
|---|---|
| 學期 | 1 |
| 出版（發表）日期 | 2022-12-26 |
| 作品名稱 | Green technology choices under the cap-and-trade mechanism with insurer green finance in a dragon-king environment |
| 作品名稱（其他語言） | |
| 著者 | Lin, Jyh-horng |
| 單位 | |
| 出版者 | |
| 著錄名稱、卷期、頁數 | Energy Economics 117, 106490 |
| 摘要 | The article investigates an insurer’s green finance toward sustainability by explicitly capping borrowing-firm credit risk. The borrowing firms participate in the cap-and-trade mechanism and conduct green technology choices in a dragon-king environment due to confluent climate changes. The policy surrender incurs in the insurer’s asset-liability matching management. The model can explore the effects of the borrowing-firm green trades and green technology choices on the insurer’s performance. We show that the dragon-king impact and the policy surrender reduce the optimal guaranteed rate of the life insurance policies and policyholder protection. The stringent regulatory cap of the cap-and-trade mechanism decreases the insurer’s profits and hurts policyholders. Green technology employed by the high‑carbon-emission borrowing firm reduces the insurer’s profits; however, it helps protect policyholders, contributing to insurance stability. One implication is that the government might improve environmental sustainability directly through the borrowing-firm production rather than from the fund-providing perspective. |
| 關鍵字 | Dragon king;Cap-and-trade mechanism;Green technology;Insurer green finance |
| 語言 | en |
| ISSN | 1873-6181 |
| 期刊性質 | 國外 |
| 收錄於 | SSCI Scopus |
| 產學合作 | |
| 通訊作者 | Jyh-Horng Lin |
| 審稿制度 | 是 |
| 國別 | NLD |
| 公開徵稿 | |
| 出版型式 | ,電子版 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/124235 ) |