Emission-reduction investment strategies in competitive shipping supply chains under carbon cap-and-trade mechanisms

IF 2.8 2区 生物学 Q1 MARINE & FRESHWATER BIOLOGY
Guangsheng Zhang, Zhaomin Zhang, Hao Yuan, Weijie Chen
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Abstract

Market-based carbon cap-and-trade mechanisms play a pivotal role in reducing the carbon emissions of shipping logistics companies. Focusing on the issue of emission reduction investment in the competitive shipping logistics service supply chain (SLSSCs) under carbon cap-and-trade, this paper constructs a game theory model for emission reduction investment decision-making in the SLSSC, which comprises two participants-a shipping logistics service provider (SLSP) and a shipping logistics service integrator (SLSI)-discusses the equilibrium strategy of emission reduction investment based on optimization theory, and further explores the benefits of participating entities, consumer surplus, and social welfare under different emission reduction strategies. The findings indicate that: (1) a no-reduction investment strategy, a single-chain investment strategy, and a dual-chain investment strategy can each serve as equilibrium strategies, which are influenced by the interplay among the unit carbon emission trading price, the spillover effect of emission reduction investments, and the associated cost coefficient. (2) Both single-chain and dual-chain emission reduction strategies in the SLSSCs contribute to consumer surplus; however, their impact on social welfare is contingent on the SLSI’s cost coefficient for emission reductionn investments. (3) Under the single-chain equilibrium strategy, the spillover effect from the SLSI’s emission reduction investment has a favorable impact on returns for participants in the non-investing chain, consumer surplus, and social welfare, but adversely affectts returns for participants in the investing chain. Under the dual-chain equilibrium strategy, the spillover effect benefits both chains’ participants’ returns, consumer surplus, and social welfare. In addition, the SLSP’s altruistic inclination enhances participants’ returns, consumer surplus, and social welfare across all strategies.
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来源期刊
Frontiers in Marine Science
Frontiers in Marine Science Agricultural and Biological Sciences-Aquatic Science
CiteScore
5.10
自引率
16.20%
发文量
2443
审稿时长
14 weeks
期刊介绍: Frontiers in Marine Science publishes rigorously peer-reviewed research that advances our understanding of all aspects of the environment, biology, ecosystem functioning and human interactions with the oceans. Field Chief Editor Carlos M. Duarte at King Abdullah University of Science and Technology Thuwal is supported by an outstanding Editorial Board of international researchers. This multidisciplinary open-access journal is at the forefront of disseminating and communicating scientific knowledge and impactful discoveries to researchers, academics, policy makers and the public worldwide. With the human population predicted to reach 9 billion people by 2050, it is clear that traditional land resources will not suffice to meet the demand for food or energy, required to support high-quality livelihoods. As a result, the oceans are emerging as a source of untapped assets, with new innovative industries, such as aquaculture, marine biotechnology, marine energy and deep-sea mining growing rapidly under a new era characterized by rapid growth of a blue, ocean-based economy. The sustainability of the blue economy is closely dependent on our knowledge about how to mitigate the impacts of the multiple pressures on the ocean ecosystem associated with the increased scale and diversification of industry operations in the ocean and global human pressures on the environment. Therefore, Frontiers in Marine Science particularly welcomes the communication of research outcomes addressing ocean-based solutions for the emerging challenges, including improved forecasting and observational capacities, understanding biodiversity and ecosystem problems, locally and globally, effective management strategies to maintain ocean health, and an improved capacity to sustainably derive resources from the oceans.
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