Global warming leads to frequent natural disasters,and the level of green technology affects the optimal allocation of social resources.Firstly,a dynamic model considering the level of green technology, carbon emission reduction,climate disasters and so on is established.The Hamilton-Jacobi-Bellman (HJB)equation for the value function is derived using dynamic optimization theory.Through numerical simulation,the optimal resource allocation that maximizes the expected utility of representative family in the social planner problem is found.It is concluded that although the progress of green technology has a slight negative impact on investment and company value and also slows down economic growth,it re-duces the cost of carbon emission reduction and mitigation spending.It also stimulates consumption and total social consumption increases.
维普
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