Risk Decision Analysis for Power Suppliers under the Carbon Emission Trading Environment

Xiao Jiang Huo; Yu Hong Wan; Hao Cheng; Zhong Jing Liu; Yun Feng Luo

doi:10.4028/www.scientific.net/AMR.869-870.356

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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 869-870Risk Decision Analysis for Power Suppliers under...

Risk Decision Analysis for Power Suppliers under the Carbon Emission Trading Environment

Abstract:

Based on the existing three mechanisms in the Carbon emission trading system, this paper proposes a hybrid carbon trading mechanism which is compatible with the characteristics of all the participants, analyzes the operation modes, benefits and risks of the power suppliers, builds a risk decision model for emission right trading according to the Financial Portfolio Theory, and gives its efficient frontier. This study provides not only theoretical supports for the power supplier’s effective management of emissions risks, but also expands the application scope of the risk management theory. Furthermore, this paper provides a reference for the government to establish an open carbon trading system.

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Periodical:

Advanced Materials Research (Volumes 869-870)

Pages:

356-361

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.869-870.356

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Online since:

December 2013

Authors:

Xiao Jiang Huo*, Yu Hong Wan, Hao Cheng, Zhong Jing Liu, Yun Feng Luo

Keywords:

Carbon Trading, Emission Right, Power Producer, Risk Decision

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