Can Carbon Trading Promote Low-Carbon Transformation of High Energy Consumption Enterprises?—The Case of China

Chen, Peishu; He, Yan; Yang, Kai; Fang, Guochang

doi:10.3390/en16083438

Cited by 4 publications

(3 citation statements)

References 40 publications

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“…Currently, in the process of energy saving and emission reduction policies research, most of the studies focus on the analysis of the game behavior between the government and enterprises. Some studies also focus on establishing a three-party evolutionary game among enterprises, government, and verification agencies to examine the interactions and constraint mechanisms among these players [ 29 , 30 ]. Few studies have included the public as players in the game model and considered a comprehensive balance of interests in collaborative governance among governing subjects.…”

Section: Literature Reviewmentioning

confidence: 99%

Can energy saving and emission reduction policies promote green transformation of industrial enterprises——The Case of China

Li,

Wang,

et al. 2024

PLoS ONE

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In the context of the continued advancement of the green economy transition, the proactive pursuit of carbon emissions reduction and the early attainment of carbon neutrality goals have emerged as essential components in promoting high-quality economic development. Not only does it contribute to the creation of a community of human destiny, but it is also vital to the realization of sustainable development for human civilization. A dynamic evolutionary game model, which encompasses the interactions among government, enterprises, and the public, was constructed to examine the inherent impact mechanisms of the behavior of three players on the development of a green economy under the context of energy saving and emission reduction subsidies. The results showed that the incentive and punishment mechanisms served as effective tools for harmonizing the interests of system members. Within the mechanisms, the public demonstrated a higher sensitivity to rewards, while enterprises exhibited greater responsiveness to fines. Consequently, the government could influence the behavior of enterprises by incentivizing the public to serve as a third-party inquiry and oversight body. Simultaneously, the government could encourage enterprises to expedite green technology innovation by employing a combination of incentive and punishment mechanisms.

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Section: Literature Reviewmentioning

confidence: 99%

Can energy saving and emission reduction policies promote green transformation of industrial enterprises——The Case of China

Li,

Wang,

et al. 2024

PLoS ONE

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“…The ability of the verification agency to accurately verify a company's carbon emissions and report them truthfully to relevant authorities determines the success of low-carbon transformation efforts (Li Y. et al, 2023). Enterprises and verification agencies might conspire to pursue their benefits, resulting in obstacles to low-carbon transformation initiatives (Chen et al, 2023). Additionally, government oversight may be lacking, which can directly contribute to a decrease in intrinsic motivation for transitioning to low-carbon practices (Zhang et al, 2023).…”

Section: Basic Assumptionsmentioning

confidence: 99%

Can command-and-control policy drive low-carbon transition in energy-intensive enterprises? -a study based on evolutionary game theory

Zhou,

Han,

Zhang

2023

Front. Energy Res.

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There are two views on whether command-and-control policy can promote carbon emission reduction: the “compliance cost” theory and the “innovation compensation” theory. In this paper, we construct an evolutionary game model among energy-intensive enterprises, verification agencies, and local governments from the game theory perspective to explore the impact of command-and-control policy on the low-carbon transition of energy-intensive enterprises. The interaction mechanism of the three actors and the main factors affecting the low-carbon transition of the enterprises are further analyzed with the help of the MATLAB simulation method. The study results show that command-and-control policies can promote the low-carbon transition of enterprises and have a suppressive effect on bribery behavior. In the actual game process, enterprises will compare the cost of low-carbon transition with that of no low-carbon transition. The cost of low-carbon transition is higher when the government’s incentives and penalties are small, so there is a “compliance cost” effect, and the government cannot promote low-carbon transition by increasing the intensity of regulation. On the contrary, when the government’s incentives and penalties are strong enough, enterprises will make a low-carbon transition spontaneously in the face of continuously increasing environmental regulation intensity, which supports the theory of “innovation compensation.” In addition, increasing the profitability of product sales and increasing the cost of bribes are also effective ways to promote low-carbon transition. Finally, relevant policy recommendations were proposed based on the main conclusions. This work opens up a new perspective for environmental regulation theory and provides a theoretical reference and practical basis for developing low-carbon transition.

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“…For example, the usage of different types of coal might result in a range of 15% uncertainty in CO 2 emission calculations in China [12]. China's Ministry of Ecology and Environment has published a series of policies to support the application of EFA measurements; however, there are still plenty of reports about the problems faced by industrial companies regarding their carbon emissions accounting due to the imperfections of current methods or even data falsification [13,14]. Therefore, it remains a challenge to explore a new carbon emission accounting method that can meet the urgent demands of upcoming industrial sectors, such as the cement industry, in a more cost-effective, reliable, and scalable way.…”

Section: Introductionmentioning

confidence: 99%

Accounting CO2 Emissions of the Cement Industry: Based on an Electricity–Carbon Coupling Analysis

et al. 2023

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Since the cement industry acts as a significant contributor to carbon emissions in China, China’s national emission trading system has announced that it should be included in the system soon. However, current cement carbon accounting methods require high-resolution data from various processes on the production line, making it a cumbersome and costly process. To address this issue, this study explores the feasibility and reliability of using machine learning algorithms to develop electricity–carbon models. These models estimate carbon emissions based solely on electricity data, enabling faster and more cost-effective accounting of carbon in cement production. This study investigates the correlations between electricity data and carbon emissions for a large cement manufacturer in southern China. It compares the performance of models based on the supply of electricity (purchased electricity and waste heat electricity) with those based on the consumption of electricity (electricity used on the grinding machines in the production lines) to identify the key factor for carbon emission calculations. The identified best performing model showed high accuracy, with an R2 of 0.96, an RMSPE of 3.88%, and a MAPE of 2.56%. Based on this, the novel electricity–carbon model has the potential to act as one of the optional methods for carbon emissions accounting in the cement industry and to support carbon emissions data promotion within China’s national emission trading systems.

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Can Carbon Trading Promote Low-Carbon Transformation of High Energy Consumption Enterprises?—The Case of China

Cited by 4 publications

References 40 publications

Can energy saving and emission reduction policies promote green transformation of industrial enterprises——The Case of China

Can energy saving and emission reduction policies promote green transformation of industrial enterprises——The Case of China

Can command-and-control policy drive low-carbon transition in energy-intensive enterprises? -a study based on evolutionary game theory

Accounting CO2 Emissions of the Cement Industry: Based on an Electricity–Carbon Coupling Analysis

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