Low Carbon Economy Development Research And Financial Efficiency Evaluation Based On The Game Theory

In recent years, low-carbon economy has increasingly become the hot issues around the world . As the growing of global population and economy scale, a variety of environmental and resource issues begin to emerge. The excessive emission of carbon dioxide gas led by industrial development is one of them, which lead to global warming . Global warming is a serious challenge to human survival and development. In this context, develop low-carbon economy in our country has become a necessity. Promoting low-carbon economy is not only the inherent requirements of sustainable development but also an important way to achieve economic restructuring and industrial upgrading. In this paper, there is a combination of economics and other disciplines. Low-carbon economy can not do without government policy support, especially financialpolicy. A low-carbon economy conducive to ecological fiscal control strategy is necessary, however, due to information asymmetry, incentive incompatibility, and the existence of collusive rent-seeking and other factors, the financial innovation and low carbon economy must be a gradual process. Different market players in favor of low-carbon development in the process will make the appropriate policy adjustments.The first chapter described the concept of low-carbon economy, introduced the history and development of low-carbon economy. Then discuss the significance and importance from the theoretical and practical perspective, at the theoretical level, there is a intrinsic link between fiscal Policy and low carbon economy. On the one hand, the development of low-carbon economy is inseparable from financial incentives and constraints,the other hand, financial functions is also a strategic adjustment of economic growth and change. In practice,China is facing many problems in the development process, to find a new, sustainable way of economic growth is urgent. Through appropriate fiscal policies to adjust and develop low-carbon economy is necessary. At the end of this chapter , the method of building gameplaying model was determined.The second chapter analyzes the intrinsic link between low carbon economy and fiscal policy at first. On one hand, Fiscal policy incentives and constraints of the low-carbon economy. on the other hand, Low-carbon economic development promote the changes of financial functions . Then introduced the game theory, including the definition and classification of game theory, and some highlights in non-cooperative game concepts.After that, expounded the theory and basic method of environmental economics. Finally, introduced the theory of fiscal decentralization in China to discuss how to allocate the central and local property rights to traditional economic development and low Carbon economic development win-win.The third Chapter constructed corresponding game model from different angles.First, through the game matrix by a simple demonstration model in the low-carbon economy, we can see there is lack of financial efficiency of the case. Then from three different perspectives, the allocation of funds, bargaining and policy oversight to analyze the gameplaying between central government and local governments and seek the appropriate balance of the game.Chapter IV analyzes the reasons of financial efficiency loss in low-carbon model ,then the corresponding countermeasures. First, the root cause is the conflicts of interest between central government and local governments in the development of low-carbon economy.Second, in our current tax system, the green tax system is not complete. Third, there is a imbalance of energy structure and lack of technical innovation.Fourth, absence of laws and regulations also resulted in some efficiency loss. As for the problem-solving and related countermeasures, First,it is necessary to clear the fiscal functions of local government, unified "property"and"powers",second, clear the carbon emission rights, and promote carbon emissions trading,. Third,encourage technological innovation and guide the development of low-carbon economy. Fourth, strengthen the legal and policy support and increase government supervision.