Can green investors drive the transition to a low emissions economy?

该项目旨在开发一种博弈论方法，通过研究政府、公司和投资者之间的互动，对气候变化对金融市场的影响进行建模。预期结果包括具有不同信念、信息不对称和模型不确定性的随机博弈的新颖解决方案概念，以及气候驱动的经济转型下的最优投资和生产策略。结果将用于验证和改进最近推出的基于澳大利亚的气候过渡指数。该项目应该为金融业和投资者带来显著的好处，因为它为向低排放经济转型期间的金融风险提供了新的见解。

The project aims to develop a game-theoretical approach to model the impact of climate change on financial markets by studying the interactions between the government, companies and investors. Expected outcomes include novel solution concepts for stochastic games with heterogeneous beliefs, asymmetric information, and model uncertainty, as well as optimal investment and production strategies under climate driven economic transitions. Results will be used to validate and improve the recently launched Australian based climate transition index. The project should yield significant benefits for the financial industry and investors by providing novel insights into financial risks during the transition to a low emissions economy.