Promoting energy conservation in manufacturing through sustainable insurance
學年 113
學期 1
出版（發表）日期 2024-08-09
作品名稱 Promoting energy conservation in manufacturing through sustainable insurance
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 Renewable and Sustainable Energy Reviews 204,　114817
摘要 Motivated by the imperative of advancing environmental sustainability through green financing, this study delves into the transformative impact of technological advancements. Employing a novel, capped call-option model, this study assesses the interplay between financial technology for sustainable insurance and production technology for energy saving. This capped option encompasses lending-borrowing elements, including the financial and production technologies and carbon-allowance transactions within the cap-and-trade mechanism dedicated to environmental improvement. The investigation underscores the far-reaching effects of stringent regulatory caps, revealing substantial implications for manufacturing entities’ equity value and risk. Such regulations may take a toll on borrowing manufacturers, deterring their engagement in energy-saving initiatives for cleaner production. Furthermore, this study sheds light on the dynamics of energy-saving practices, emphasizing that both technology-intensive production and financial technologies contribute to manufacturers’ heightened equity risk. Interestingly, sustainable insurance initiatives, while well-intentioned, might inadvertently hinder progress in energy saving. Despite both fund providers’ and borrowing manufacturers’ engagement in technology-intensive solutions for environmental improvement, the findings suggest that prioritizing progress in technology-intensive production technology for energy saving holds greater promise for advancing cleaner production. This potential replacement is especially significant for low-carbon emitters compared to their highcarbon counterparts, highlighting the nuanced dynamics at play in fostering a sustainable and energy-efficient future.
關鍵字 Production technology;Cap-and-trade;Sustainable insurance;Financial technology;Capped call option
語言 en
ISSN 1879-0690
期刊性質 國外
收錄於 SCI
產學合作
通訊作者
審稿制度 是
國別 USA
公開徵稿
出版型式 ,電子版
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