Influencing Factors of Companies’ Behavior for Mitigation: A Discussion within the Context of Emission Trading Scheme

Chen, Yidan; Sun, Yuwei; Wang, Can

doi:10.3390/su10020414

Cited by 13 publications

(12 citation statements)

References 30 publications

(23 reference statements)

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“…Furthermore, the perceived uncertainty may be used as justification for delayed corporate responses and may even be reinforced by the companies themselves through political lobbying (Bumpus 2015). • Lack of pressure and incentives can often be attributed to external actors, such as governments and policy makers (e.g., Chen et al 2018;Hrasky 2012). This is the case for Scope 3 emissions in particular, which are often not subject to regulation.…”

Section: External Barriersmentioning

confidence: 99%

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Beyond conventional corporate responses to climate change towards deep decarbonization: a systematic literature review

2023

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Over the past 20 years, the literature on corporate responses to climate change has offered a vast array of theoretical and practical insights into organizational efforts to reduce business-related carbon emissions. However, it remains unclear whether these efforts will result in significant reductions of carbon emissions. Presently, it becomes crucial to understand, if, why, and how companies can effectively respond to the current challenges of deep decarbonization, defined as the process of emission reduction down to, or close to, zero to limit global warming. By means of a systematic literature review with 370 identified papers, we are able to categorize the main findings of the literature according to the four most common areas of investigation, including drivers, actions, barriers, and facilitators. Additionally, we conduct a comparative analysis of the literature along these four areas of investigation according to two categories: conventional responses and deep decarbonization responses. The results show that the literature on conventional responses to climate change (n = 321) extensively covers all four areas of investigation; however, it only touches on the descriptive (i.e., ‘what’) aspects of decarbonization. The recent and emerging literature on deep decarbonization responses (n = 49) provides novel insights on the prescriptive (i.e., ‘why’ and ‘how’) aspects of deep decarbonization. However, this literature is restricted to mostly regional and industrial foci, and it does not connect drivers, barriers, and facilitators in a systematic way. Thus, we highlight key implications for future research and practice in order to effectively address corporate deep decarbonization.

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Section: External Barriersmentioning

confidence: 99%

“…In addition, a lack of market incentives may delay corporate efforts to engage in emission reductions (Chen et al 2018). • Complexity acts as a barrier in two different ways.…”

Section: External Barriersmentioning

confidence: 99%

Beyond conventional corporate responses to climate change towards deep decarbonization: a systematic literature review

2023

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“…CDE separate represents the minimal carbon dioxide emission for burning fuel from the power grid and boiler in the separate system. Hence, CDE cchp and CDE separate can be calculated via Equations (20) and (21), respectively.…”

Section: Environmental Assessmentmentioning

confidence: 99%

“…In particular, carbon emission regulations (e.g., carbon tax policy, carbon trading mechanism, and carbon offset policy) cannot be neglected because government-related policies have been developing rapidly. For example, a carbon trading market for national electricity sectors was established in China in 2017 [21]. The impacts of different carbon regulatory policies have been studied in various optimization problems, such as the biodiesel supply chains manage problem [22], production configuration problem [23], and green supply chain design problem [24].…”

Section: Introductionmentioning

confidence: 99%

Sustainability Assessment of Combined Cooling, Heating, and Power Systems under Carbon Emission Regulations

2019

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The combined cooling, heating, and power (CCHP) system, which is a sustainable distributed energy system, has attracted increasing attention due to the associated economic, environmental, and energy benefits. Currently, the enforcement of carbon emission regulations has become an increasingly concerning issue globally. In this paper, a multi-objective optimization model is established to evaluate the CCHP system under two different carbon emission regulation policies in terms of economic benefit, environmental sustainability, and energy advantage. A nonlinear programming optimization model is formulated and solved by using the particle swarm optimization (PSO) algorithm. The results from the case studies demonstrate that when considering carbon tax regulation, the cost savings of the optimal CCHP system strategy were on average 10.0%, 9.1%, 17.0%, 22.1%, and 20.9% for the office, supermarket, hotel, school, and hospital in China, respectively, compared with the conventional energy supply system. On the other hand, when considering carbon trading regulation, the optimal CCHP system strategy can lead to a 10.0%, 8.9%, 16.8%, 21.6%, and 20.5% cost-saving for the five different building categories, respectively. Furthermore, the optimal CCHP system strategy for the five buildings, i.e., an average of 39.6% carbon dioxide emission (CDE) reduction and 26.5% primary energy consumption (PEC) saving, can be achieved under carbon emission regulations.

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“…The other is the influence of CT policy on the enterprises' market decisions. Chen et al [12] conduct a questionnaire survey of 570 companies in 29 regions nationwide to identify the influencing factors of carbon emission reduction by establishing regression models. Song et al [13] present an optimization model to quantitatively assess carbon reduction strategies at enterprise level in the building sector under CT. Zhu et al [14] study the power generation enterprises' optimization decision support approach for the risk of CT in electric power systems.…”

Section: Introductionmentioning

confidence: 99%

The System Dynamics (SD) Analysis of the Government and Power Producers’ Evolutionary Game Strategies Based on Carbon Trading (CT) Mechanism: A Case of China

Xin-gang

Zhang

2018

Sustainability

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Climate warming caused by carbon emissions is one of the most serious problems faced by human beings, and the carbon trading (CT) mechanism is an effective way to promote carbon emission reduction and achieve green and low-carbon development. Scholars have mainly studied the impact of CT on the energy economy system, and few scholars studied the game process and behavior strategies of government and power producers in the implementation of a CT mechanism. This paper will fill this gap. This paper firstly constructs the evolutionary game model of government and power producers based on CT, and then simulates the evolutionary process of game behavior strategies by establishing a system dynamics (SD) model, and finally studies the influence of government controllable key factors on system stability. The combination of evolutionary game and SD in our study not only clearly reveals the complex and dynamic evolution process of game models under bounded rationality, but also provides a qualitative and quantitative simulation platform for analyzing the dynamic game process between government and power producers. The results show that: (1) There is no evolutionarily stable strategy (ESS) in the game system between government and power producers under CT, and the system evolution is characterized by periodicity; (2) When the government implements dynamic subsidies or punitive measures, the mixed strategy of the game system has ESS; (3) Reducing the unit subsidy and raising the unit fine can both promote the participation of power producers in CT, but the former increases the probability of government supervision; thus, it is best to increase the fines when the government makes strategic adjustments, followed by reducing subsidies.

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Influencing Factors of Companies’ Behavior for Mitigation: A Discussion within the Context of Emission Trading Scheme

Cited by 13 publications

References 30 publications

Beyond conventional corporate responses to climate change towards deep decarbonization: a systematic literature review

Beyond conventional corporate responses to climate change towards deep decarbonization: a systematic literature review

Sustainability Assessment of Combined Cooling, Heating, and Power Systems under Carbon Emission Regulations

The System Dynamics (SD) Analysis of the Government and Power Producers’ Evolutionary Game Strategies Based on Carbon Trading (CT) Mechanism: A Case of China

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