Carbon leakage perspective: Unveiling policy dilemmas in emission trading and carbon tariffs under insurer green finance
學年 112
學期 1
出版（發表）日期 2024-01-06
作品名稱 Carbon leakage perspective: Unveiling policy dilemmas in emission trading and carbon tariffs under insurer green finance
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 130,　107292
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.
關鍵字 Carbon leakage;Emission trading;Carbon border adjustment mechanism;Carbon tariff;Green finance
語言 en
ISSN 1873-6181
期刊性質 國內
收錄於 SSCI
產學合作
通訊作者 Jyh-Horng Lin
審稿制度 是
國別 GBR
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/987654321/124998 )

SDGS 消除貧窮,良好健康和福祉,永續城市與社區,夥伴關係