本研究探討我國壽險業在綠能產業的投資行為。結果發現，相較於國際保險業者，我國壽險業在推進投資組合脫碳與實現投資組合淨零排放目標過程中顯得較為緩慢。在綠能產業的投資比重方面，我國壽險業與國際保險業相當，顯示出我國壽險業對綠能投資的重視。此外，進一步發現壽險業參與綠能投資的意願與其負債比率、ROA以及企業規模有著明顯的正相關；壽險業對綠能產業的投資額與其前一年的負債比率及資本適足率呈顯著的負相關，指出在財務槓桿較高或資本充足性較低的情況下，壽險公司可能會減少對綠能產業的投資；再者，企業規模較大的壽險公司更傾向成立綠能公司。

This study explores the investment behavior of the life insurance industry in the green energy industry in our country. The results show that, compared to international insurers, our life insurance industry is slower in advancing the decarbonization of investment portfolios and achieving net-zero emission goals. In terms of the proportion of investments in the green energy industry, our life insurance industry is comparable to international insurers, indicating a significant focus on green energy investments. Furthermore, the study finds that the willingness of life insurers to participate in green energy investments is significantly positively correlated with their debt ratio, ROA, and company size. The amount of investment in the green energy industry is significantly negatively correlated with the previous year's debt ratio and capital adequacy ratio, indicating that life insurance companies may reduce their investments in the green energy industry when financial leverage is higher or capital adequacy is lower. Additionally, larger life insurance companies are more inclined to establish green energy companies.

論文審定書 i
摘要 ii
Abstract iii
第一章 研究背景與動機 1
第二章 產業現況 3
第一節 能源定義 3
第二節 綠色金融行動方案趨勢 4
第三節 國內壽險業研究 5
第四節 國外保險業研究 20
第五節 國內外保險業差異比較 25
第三章 文獻回顧與研究方法 27
第一節 文獻回顧 27
第二節 研究方法 28
第四章 實證結果 30
第一節 敘述統計 30
第二節 迴歸分析結果 32
第五章 討論 39
第一節 我國綠能產業投資現況 39
第二節 未來法規限制 40
第六章 結論 42
參考文獻 44
附錄 48

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