Interdisciplinary Programs Office Division of Environment and Sustainability 221 Division of Environment and Sustainability Game-theoretic Analysis of Markets Supervisor: CHAN Jin Deng Keith / ENVR Student: CHEUNG Chun Bon / EVMT Course: UROP1000, Summer Ultimately countries want to develop policy frameworks that maximize the ‘impact’ of the financial sector on the fight against climate change (ceteris paribus on financial returns). Governments are making efforts to create policy frameworks to help mobilize finance for climate action. Standardized eligibility criteria for labelling financial instruments as ‘green’ are widely considered as critical for providing credibility and confidence to scale this burgeoning market. Countries with strong enforcement capacity can accomplish this by using a TSC approach, while countries with weaker enforcement oversight are better served by using a white list (WL) approach. This paper show that as countries with weaker enforcement improve their external review capacity, they can shift from a WL to Technical Screening (TSC) approach. Game-theoretic Analysis of Markets Supervisor: CHAN Jin Deng Keith / ENVR Student: LEUNG Man Ting / MAEC Course: UROP1000, Summer In the green bond market, issuers can seek external reviews to validate their green claims. This paper studies the effectiveness of different review types in information provision by comparing their unique characteristics. A review of different categorizations of “greenness” by reviewers is also performed. This could act as an independent variable in a model with ‘effective information provision’ as the dependent variable. Our finding shows that second-party opinions (SPO) and green bond scoring particularly excel in this area relative to other review types. Future analysis would have to identify what constitutes ‘effective information provision’ for investors, and thus identify the remaining independent variables of the model. Interrogating Fintech-Enabled Solar Power as 'Energy Democracy' in Hong Kong Supervisor: DELINA Laurence Laurencio / ENVR Student: LAM Rainbow Yi Hung / EVMT WONG Ka Ying / EVMT Course: UROP4100, Summer UROP1000, Summer In the Summer of 2022, this UROP continued to examine the statuses and potentials of a fintech-enabled renewable energy market and its relationship with energy democracy in Hong Kong. The students completed a journal article template for a Science Talks submission. Science Talks is an open access video journal that publishes original, peer-reviewed scientific talks from experts in the field. The video journal was published in October 2022 as Delina, L. L., Lam, R. Y. H., Tang, W. S., & Wong, K. Y. (2022). Hong Kong's “future” energy transition-digitalization-financialization triangle: Actors and impacts. Science Talks, 4.
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