Evolutionary Game Analysis of Enterprise's Behavior of Carbon Reduction

Low-carbon society results from the behaviors of carbon reduction that all the companies take in the long time. This paper proposes the enterprise's evolutionary model of behavior on carbon emission and studies its evolutionary path. The results show that the evolutionary result of behavior on carbon emission depends on the initial status, assets return and the return on emission rights, and the essential difference between the institution that enforces the enterprises to join in the market on emission rights and the one in which whether to join depends the companies' willings is that the former needs the rate of return on investment in carbon reduction.