基于B-S期权定价模型的碳汇渔业价值评估——以海水养殖藻类为例  

Evaluation of carbon sink fisheries based on B-S option pricing model: take mariculture algae as an example

作　　者：邵桂兰[1] 任肖嫦[1,2] 李晨[1] 

机构地区：[1]中国海洋大学经济学院,山东青岛266100 [2]青岛农业大学经济与管理学院,山东青岛266109

出　　处：《中国渔业经济》2017年第5期76-82,共7页Chinese Fisheries Economics

基　　金：国家社科基金一般项目<我国海洋渔业经济低碳化实现机制研究>(11BJY064);山东省社会科学规划项目<山东省贝类产业现状分析与可持续发展研究>(16CJJJ23)相关研究成果

摘　　要：海洋生物的碳捕获能力非常强大,"蓝碳"已经成为全球碳循环的中坚力量。合理评估海洋渔业碳汇价值可以有效促进海洋碳汇市场交易的发展。论文基于2004-2015年中国海水养殖藻类相关数据,采用B-S期权定价模型,以海水养殖藻类为例,对我国碳汇渔业价值加以评估,结果显示:以1年行权期限来核算的2004-2015年中国海水养殖藻类碳汇期权价值均为正值,它本身受到碳汇量、碳交易价格、固碳投入成本、资产价值变动及无风险利率等多个因素的影响。渔业碳汇期权交易市场的建立可以使碳汇需求者灵活规避不确定性带来的交易风险,使渔业碳汇价值评估更为公允。The ability to an important role in the glob capture carbon of marine organisms is very strong, ＂Blue Carbon＂ plays al carbon cycle. It＇s very significant to assess the value of carbon sink fisheries reasonably and it can promote market transactions of carbon sink fisheries. Based on the mariculture algae data of China during 2004-2015, this paper accounted the option value of carbon sink using B-S option pricing model. The results showed： The option value of mariculture algae carbon sink was positive. The key factors were quantity of carbon sink, price of carbon trading, cost, fluctuation of assets＇ value, risk-free interest ect. The establishment of carbon sink fisheries option market can avoid the uncertainty of transaction risk and make the evaluation results more fairly.

关 键 词：碳汇渔业 价值评估 B-S期权定价模型 海水养殖藻类 

分 类 号：F326.416[经济管理—产业经济]