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Optimal Control Strategy of Companies: Inheriting Period and Carbon Emission Reduction

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  • Jin Liang
  • Wenlin Huang

Abstract

In this paper, we develop an optimal control model of companies for the inheriting period, during which interphase banking and borrowing of allowances are allowable. By considering the emission reduction policy and the initial auction amount, we optimize the problem in two steps. The model is then converted into a two-dimensional Hamilton–Jacobi–Bellman equation. The numerical results, analysis, and comparisons are presented. Finally, we highlight several policy implications from the perspectives of companies and governments.

Suggested Citation

  • Jin Liang & Wenlin Huang, 2020. "Optimal Control Strategy of Companies: Inheriting Period and Carbon Emission Reduction," Mathematical Problems in Engineering, Hindawi, vol. 2020, pages 1-11, November.
    • Handle: RePEc:hin:jnlmpe:3461747
    DOI: 10.1155/2020/3461747
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    Cited by:

    1. Xinfu Chen & Yuchao Dong & Wenlin Huang & Jin Liang, 2024. "Optimal Carbon Emission Control With Allowances Purchasing," Papers 2407.08477, arXiv.org.
    2. Jiaojiao Sun & Feng Dong, 2023. "Optimal reduction and equilibrium carbon allowance price for the thermal power industry under China’s peak carbon emissions target," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-27, December.

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