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.