周远祺：Optimizing energy efficiency investments in steel firms: A real options model considering carbon trading and tax cuts during challenging economic conditions.

我校经济管理学院周远祺老师在T1级别期刊——《Resources Policy》上发表题为“Optimizing energy efficiency investments in steel firms: A real options model considering carbon trading and tax cuts during challenging economic conditions”。论文第一作者周远祺为经济管理学院副教授。

Abstract /摘要：

This study proposes a policy mix of carbon pricing and tax cuts to incentivize firms to invest in energy-efficient technology during economic downturns and periods of low carbon prices. Utilizing a real options model, we determine the optimal timing for companies to make investments in energy efficiency technology, taking into account economic changes, carbon prices, and tax cuts. Our case study in China demonstrates that neglecting adverse economic conditions leads to an underestimation of the investment threshold and option value. We find that tax cuts, implemented within the emissions trading system, serve as an effective tool to encourage steel firms to invest in energy efficiency technology in the short to medium term. This supports carbon mitigation efforts, particularly during challenging economic situations. The flexibility of the model allows for analysis of energy efficiency technology in diverse firms and countries, as parameters can be adjusted to suit individual requirements.

Title/题目:

Optimizing energy efficiency investments in steel firms: A real options model considering carbon trading and tax cuts during challenging economic conditions

Authors/作者:

Zhou Yuanqi; Yang Jinqiang; Jia Zhijie

Keywords /关键词

Climate policy;Tax cuts;Carbon emission trading scheme;Energy efficiency technology;Challenging economic conditions;Real options

Indexed by /核心评价

EI;INSPEC;Scopus;SSCI;WAJCI

DOI:10.1016/J.RESOURPOL.2023.104042

全文链接：

https://libproxy.cug.edu.cn/https/443/com/sciencedirect/www/yitlink/science/article/pii/S0301420723007535?via%3Dihub