Abstract：Firstly,by applying real options theory,this paper discusses the real option’s characteristics and sources of enterprise low-carbon intangible asset.Secondly,through a comparative analysis of several common real option evaluation methods,the paper talks over the possibility and applicability of enterprise low-carbon intangible assets’ evaluation on Black-Scholes model.Thirdly,the paper evaluates a case of company’s low-carbon intangible assets on the open carbon trading market’s price data,and studies the evaluated value impacts of the result of traditional asset evaluation method.And then the calculation results are analyzed by the expansion.The research shows real option value of enterprise low-carbon intangible assets comes mainly from flexible management of managers,rather than the assets itself;Certified emissions reduction and other reduction low-carbon intangible assets significantly affect the result of traditional asset evaluation method;Compared with traditional asset evaluation method,real option evaluation method can be used to calculate the value more accurately;However emission allocation and other quota low-carbon intangible assets’ real option value close to zero. Key words:Enterprise low-carbon intangible assets;Emission allocation;Certified emissions reduction;Real option;Black-Scholes model 参考文献: [1]TWEET.MEGTEC acquires certain Calgon carbon assets[J].JCT coatingstech,2006,3(7):19-21
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