How the Deadline of Reducing Emission Commitment Influence the Low Carbon Industry Finance

In Copenhagen Climate Conference, all the members of this conference didn't reach consensus on the next ducting emission commitment deadline, however, reduction commitment deadline has important effects on the investment of low carbon industry. Our research is based on, Jiang Zhong-yi's optimal control theory model, we Introduce two variables, market basic interest rates and investor's time preferences rate, we use these two variables as the Intermediary variable, and get the following conclusion: investors have different investment choice when they face different reducing emission commitment deadline. Our research will be helpful for the government to make policy.