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Research On International Cooperation Mechanism And Policy Of Carbon Finance

Posted on:2021-05-01Degree:MasterType:Thesis
Country:ChinaCandidate:J S MaFull Text:PDF
GTID:2381330614455290Subject:Financial
Abstract/Summary:PDF Full Text Request
In recent years,the global economic recovery has been slow,some countries or regions have gradually relaxed restrictions on carbon emission reductions for development reasons,this has led to the decline of the development of carbon finance.In addition,the 2019-n Co V sweeping the world in 2020 has made international carbon finance cooperation face major risks.In order to protect the achievements of low-carbon development and promote the stable development of international cooperation in carbon finance,the article analyzes existing scholars' research literature and the current changing international political and economic environment,and points out the necessity of research on the evolutionary stability strategy of international carbon finance cooperation,and uses the evolutionary game theory and the prospect theory,constructing income perception matrix and evolutionary game model,after analyzing the perceived value and related parameters,come to five conclusions to maintain stability,that is,the participants' subjective perception of the probability of cooperation and the total return of cooperation should be improved,establish a profit distribution mechanism to promote equilibrium of distribution,increase the cost of default,reduce cooperation costs,and achieve internalization of externalities.Taking the China-Europe carbon finance market as an example,the game model is simulated and analyzed,combined with the analysis conclusions of cooperation stability and the problems of carbon finance market construction,and proposed mechanisms and policy recommendations for international carbon finance cooperation,including exit and penalty mechanisms,carbon price adjustment mechanisms,carbon allowance allocation mechanism,communication and dialogue mechanism,and three policy recommendations: setting thresholds to increase default costs,opening up market links to stabilize carbon prices,and carbon allowance allocation focusing on the principle of fairness.Figure 6;Table 2;Reference 57...
Keywords/Search Tags:Carbon Finance, Carbon Martet, Evolutionary Game Theory, Simulation
PDF Full Text Request
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