학술논문

Motivation of Climate Change Investment and Risk Exposure
Document Type
Article
Source
International Journal of Energy Science. Vol. 3 Issue 3, p156-160. 5 p.
Subject
Investment
Risk Exposure
Climate Change
Game Model
Language
英文
ISSN
2218-6026
Abstract
The common and individual uncertainties are the main factors influencing the motivation of climate change investment for each country. By distinguishing and involving the three effects of climate change investment on utility, strategic game model with rationality hypothesis is proposed and simulated to evaluate the relationship between the investment motivation and individual risk exposure due to individual uncertainties. The positive correlation between the risk exposure and investment motivations is confirmed. The negative influences of risk exposure on utilities of game equilibriums whatever the dynamic strategies are also tested. Upgrade of the structure of economy and enhancement of the anti‐fluctuation capacity for the economy shock of global warming deserve to be the focus and priority.

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