Financial Risk Management for Energy Service Project under the Tokyo Emission Trading System

被引:0
|
作者
Yoshioka, Tsuyoshi [1 ]
Furukawa, Michinobu [2 ]
Yoshizaki, Koji [2 ]
Matsuhashi, Ryuji [1 ]
Yoshida, Yoshikuni [1 ]
机构
[1] Univ Tokyo, Inst Environm Studies, Grad Sch Frontier Sci, Bunkyo Ku, Tokyo 1138656, Japan
[2] Tokyo Gas Co Ltd, Fundamental Technol Dept, Kanagawa 2300045, Japan
关键词
Cogeneration; Energy Service; Risk Management; Financial Engineering;
D O I
10.1016/j.proenv.2010.10.113
中图分类号
Q14 [生态学(生物生态学)];
学科分类号
071012 ; 0713 ;
摘要
Recently, energy service providers ( ESP) have increased due to deregulation in the power market. They install energy supply equipment at their own cost and supply the necessary energy to the client. The Tokyo Metropolitan Government started Asia's first cap-and-trade program in April 2010. This program caps energy-related carbon dioxide emissions from some 1,330 offices and factories in Tokyo. Then, ESPs have to manage the many risks of energy service project directly linked to the profits. In this paper, describes the risk analysis and investment optimization for energy service projects using financial engineering. (C) 2009 Published by Elsevier Ltd
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页码:1012 / 1021
页数:10
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