The Multi-Period Dynamic Optimization with Carbon Emissions Reduction under Cap-and-Trade
Joint Authors
Xu, Chunming
Yuan, Baiyun
Gu, Bingmei
Source
Discrete Dynamics in Nature and Society
Issue
Vol. 2019, Issue 2019 (31 Dec. 2019), pp.1-12, 12 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2019-03-06
Country of Publication
Egypt
No. of Pages
12
Main Subjects
Abstract EN
Under low carbon environment, a multi-period emissions reduction problem for manufacturer is investigated in the paper, where we assume that the government sets mandatory carbon emissions limit to all the enterprises by free of charge and allows the carbon emission quota to be traded or banked inter-temporally in the carbon trading market.
Using discrete-time optimal control theory, the optimal emission reduction strategies for each period are firstly explored for maximizing the sum of net profit under cap-and-trade.
The optimal carbon emissions, permit trading quantity, and the number of buying Certified Emission Reduction (CER) are obtained in each period.
Furthermore, the effects of carbon price and initial carbon quota given by the government on the firm’s emission reduction strategies are discussed.
Finally, numerical examples are illustrated to verify the proposed model, and some managerial inferences for a multi-period emission reduction are provided in conclusions.
American Psychological Association (APA)
Yuan, Baiyun& Gu, Bingmei& Xu, Chunming. 2019. The Multi-Period Dynamic Optimization with Carbon Emissions Reduction under Cap-and-Trade. Discrete Dynamics in Nature and Society،Vol. 2019, no. 2019, pp.1-12.
https://search.emarefa.net/detail/BIM-1146518
Modern Language Association (MLA)
Yuan, Baiyun…[et al.]. The Multi-Period Dynamic Optimization with Carbon Emissions Reduction under Cap-and-Trade. Discrete Dynamics in Nature and Society No. 2019 (2019), pp.1-12.
https://search.emarefa.net/detail/BIM-1146518
American Medical Association (AMA)
Yuan, Baiyun& Gu, Bingmei& Xu, Chunming. The Multi-Period Dynamic Optimization with Carbon Emissions Reduction under Cap-and-Trade. Discrete Dynamics in Nature and Society. 2019. Vol. 2019, no. 2019, pp.1-12.
https://search.emarefa.net/detail/BIM-1146518
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1146518