Coping Decisions of Production Enterprises under Low-Carbon Economy

Abstract

It aims to study the production and emission reduction decisions of production enterprises under carbon constraints. In the case of carbon constraints in production, manufacturers have four strategic choices: production within the carbon quota, adopting emission reduction technologies, purchasing carbon emission rights, and using emission reduction technologies and purchasing carbon emission rights. Based on the income model of production enterprises under four different strategies, first, under the condition of maximizing the interests of production enterprises, the optimal profit, optimal production, optimal total carbon emission, and optimal emission reduction rate under different carbon constraints are determined, and summarize its laws. Afterward, in order to further optimize corporate profits, the impact of changes in the carbon reduction scale cost and consumers’ low-carbon preference was studied. Several important conclusions are shown as follows. First, the stricter the carbon constraint policy, the greater the optimal emission reduction rate of enterprises. Second, the adoption of emission reduction technology can effectively reduce the impact of carbon constraint on output. Third, the optimal strategy is to both reduce emissions and purchase carbon emission rights, which can realize environmental economic dividends. Fourth, the lower the cost factor of the carbon reduction scale and the higher the low-carbon preference of consumers, the easier it is for firms to achieve carbon sufficiency in their production.

Does Human Capital Matter for China’s Green Growth?—Examination Based on Econometric Model and Machine Learning Methods

“…Its primary goal is to promote the transformation and upgrading of industrial civilization to ecological civilization [ 8 ]. However, the transition from brown economy to green economy will involve government policies [ 9 , 10 ], economic growth target pressure [ 11 , 12 ], technological progress [ 13 ], socio-cultural contexts [ 14 ], transition costs [ 15 , 16 , 17 ], and many other factors. Among many potential factors affecting green growth, human capital, known as a kind of living capital, refers to the knowledge and skill sets that workers have [ 18 , 19 , 20 ].…”

Research on the relationship between carbon performance and financial performance of electric power enterprises under the background of “dual carbon”

“…Those who exceed the limit buy carbon credits through carbon trading or pay environmental penalties. Yuan believed that the adoption of emission reduction technology could effectively reduce the impact of carbon constraints on output, reduce emissions and purchase carbon emission rights, and realize environmental and economic dividends (Yuan et al, 2022). Enterprises reduce carbon emissions through technological innovation, such as purchasing or updating production equipment.…”

The role of industrial symbiosis on consumer demand under ecological carbon fixation: Evidence from the energy industry

“…In order to strengthen ecological environment construction, raise carbon sink increment, and quickly achieve the objectives of carbon neutrality, the government will expand investment in ecological space. In order to force traditional energy enterprises into the industrial symbiosis system and encourage the transition to clean energy, the government will simultaneously lessen the effect that the traditional energy industry has on the emerging energy industry through policies like environmental taxes, carbon emission trading systems, and bundling systems of land use and environmental remediation (Qiu et al, 2021; Yuan et al, 2022).…”

“…Global climate change has become the greatest nontraditional security challenge to human development, and it is of great significance to realize carbon peaking and carbon neutrality in actively addressing this challenge (Qiu et al, 2023; Ren et al, 2023). In September 2020, the European Union announced that it would become the world's first “carbon‐neutral” continent by 2050, followed by China's commitment to peak carbon by 2030 and become carbon‐neutral by 2060 (Yuan et al, 2022). Carbon neutrality requires a goal of zero net CO 2 emissions through absorption or storage (Zhao et al, 2022).…”