Search Results (585)

This study uses financial data from 872 Chinese listed companies (2018–2022). It tests the triple dividend effect and threshold effect of China’s environmental protection tax (EPT) using high-dimensional fixed effects models and panel threshold models. We document that (1) EPT creates an environmental dividend for Chinese listed companies. It significantly reduces pollution emissions. A 1-unit tax increase reduces LnTPPE by 2.5%. (2) EPT creates a significant innovation dividend. It forces enterprises to improve the quality of authorized patents. A 1-unit tax increase raises patent technological complexity by 0.79%. (3) EPT creates an economic dividend. It significantly improves firm performance. A 1-unit tax increase raises relative corporate revenue by 38.1%. (4) EPT exerts significant threshold effects on micro-level triple dividend outcomes among Chinese listed companies. A heterogeneity analysis shows significant differences in threshold effects between non-heavily polluting and heavily polluting industries. This study confirms that China’s EPT generates a micro-level triple dividend effect alongside coexisting threshold effects for listed companies. This provides literature references for China to design and implement differentiated policies and offers a quantitative empirical case for implementing globally sustainable EPT strategies. Full article

Efficient plastic waste end-of-life management is a serious worldwide environmental issue motivated by growing waste production and negative effects of wrongful disposal. This study presents a comparative overview of plastic waste management regimes within the European Union (EU), the United States of America (USA), and Romania, ranked with circular economy goals. By using the United States Environmental Protection Agency (US EPA) Waste Reduction Model (WARM), version 16, the study provides a quantified score to greenhouse gas (GHG) emissions within three large options of management: recycling, energy recovery through combustion, and landfilling. The model setup utilizes region-specific information on legislation, base technology, and recycling efficiency. The outcomes show that recycling always entails net GHG emissions reductions, i.e., −4.49 kg CO_2e/capita/year for EU plastic waste and −20 kg CO_2e/capita/year for USA plastic waste. Combustion and landfilling have positive net emissions from 1.76 to 14.24 kg CO_2e/capita/year. Economic indicators derived from the model also show significant variation: salaries for PET management amounted to USD 2.87 billion in the EU and USD 377 million in the USA, and tax collection was USD 506 million and USD 2.01 billion, respectively. The conclusions highlight the wider environmental and socioeconomic benefits of recycling and reinforce its status as a cornerstone of circular-economy sustainable plastic waste management and a strategic element of national development agendas, with special reference to Romania’s national agenda. Full article

This study aims to explore the factors and mechanisms influencing the low-carbon development of Green Port Collection and Distribution Systems (GPCDSs) and to identify effective pathways and policy approaches to promote such development. Given the limited prior research integrating low-carbon policies, energy structure, and transportation systems, this study combines these three dimensions into a unified analytical framework. A scenario-based system dynamics model of GPCDS low-carbon development is established, incorporating factors such as low-carbon policies, energy structure, and transportation structure. The control variable method is employed to examine system behavior under 13 scenarios. The results indicate that freight subsidy policies and the internalization of carbon emission costs make the most substantial contributions to low-carbon development in GPCDS, yielding CO₂ emission reductions of 14.3% and 15.7%, respectively. Additionally, improvements in port railway infrastructure contribute to a 6.4% reduction in CO₂ emissions. In contrast, carbon taxes and energy structure adjustments have relatively limited effects, likely due to the delayed responsiveness of fossil fuel-dependent transportation sectors to pricing signals and the inherent inertia in transitioning energy systems. Full article

The maritime sector faces urgent decarbonisation pressures due to regulatory instruments, such as the International Maritime Organization’s (IMO) Carbon Intensity Indicator (CII), which mandates reductions in greenhouse gas emissions per transport work. This paper investigates the challenge of identifying CII-compliant strategies that are also financially viable for UK shipowners. To address this, operational and technical data from UK-flagged vessels over 5000 GT are analysed using a capital budgeting framework. This includes scenario-based evaluation of speed reduction, payload limitation, and retrofitting with dual-fuel LNG and methanol engines. The analysis integrates carbon taxation, and pilot fuel use to assess impacts on emissions and profitability. The findings reveal that while the short-term operational measures examined offer modest gains, long-term compliance and financial performance are best achieved through targeted retrofitting supported by carbon taxes and favourable market conditions. The study provides actionable insights for shipowners and policymakers seeking to align commercial viability with regulatory obligations under the evolving CII framework. Full article

As Chinese firms play pivotal roles in global supply chains, multinational corporations face increasing pressure to ensure ESG accountability across their sourcing networks. Current ESG rating systems lack transparency in incorporating China’s unique industrial, economic, and cultural factors, creating reliability concerns for stakeholders managing supply chain sustainability risks. This study develops an explainable artificial intelligence framework using SHAP and permutation feature importance (PFI) methods to predict the ESG performance of Chinese firms. We analyze comprehensive ESG data of 1608 Chinese listed companies over 13 years (2009–2021), integrating financial and non-financial determinants traditionally examined in isolation. Empirical findings demonstrate that random forest algorithms significantly outperform multivariate linear regression in capturing nonlinear ESG relationships. Key non-financial determinants include patent portfolios, CSR training initiatives, pollutant emissions, and charitable donations, while financial factors such as current assets and gearing ratios prove influential. Sectoral analysis reveals that manufacturing firms are evaluated through pollutant emissions and technical capabilities, whereas non-manufacturing firms are assessed on business taxes and intangible assets. These insights provide essential tools for multinational corporations to anticipate supply chain sustainability conditions. Full article

This paper investigates the optimal planning of high-speed rail (HSR) freight operations, pricing strategies, and government carbon tax policies. The primary objective is to enhance the market share of HSR freight, thereby reducing carbon dioxide (CO₂) emissions associated with freight activities. The modal shift problem is formulated as a bi-level multi-objective model and solved using a specifically designed hybrid algorithm. The upper-level model integrates multiple objectives of the government (minimizing tax while maximizing the emission reduction rate) and HSR operators (maximizing profits). The lower-level model represents shippers’ transportation mode choices through network equilibrium modeling, aiming to minimize their costs. Numerical analysis is conducted using a transportation network that includes seven major central cities in China. The results indicate that optimizing HSR freight services with carbon tax policies can achieve a 56.97% reduction in CO₂ emissions compared to air freight only. The effectiveness of the government’s carbon tax policy in reducing CO₂ emissions depends on shippers’ emphasis on carbon reduction and the intensity of the carbon tax. Full article

Energy is at the center of economic growth and environmental sustainability. Increasing energy efficiency and turning to environmentally friendly technologies are indispensable elements not only in reducing carbon emissions but also in supporting the transition to a green future. This study aims to deeply examine the simultaneous dynamic interactions between energy, environmental technologies, and economic growth by focusing on the environment and analyzing the transformative effects of these factors on environmental sustainability from a broad perspective. The models were estimated via simultaneous equation systems with two-stage and three-stage least squares methods with monthly data for Organization for Economic Cooperation and Development (OECD) countries between 1990 and 2021. As a result of the analyses, the estimation results of the two methods generally support each other. Notably, economic growth causes carbon emissions, and when tax revenues on energy are added to the model, the negative effect of economic growth on carbon emissions turns positive. Another significant result shows that energy efficiency does not reduce carbon emissions. Even an increase in energy efficiency causes an increase in carbon emissions, and the rebound effect is valid. Population and energy density do not have a negative impact on carbon emissions. Full article

Considering consumers’ low-carbon preferences, this article analyzes a manufacturer’s price and carbon abatement strategies, as well as a retailer’s price and promotion strategies, in a centralized game, where the manufacturer and the retailer jointly make decisions, and a decentralized game, where the two parties each make decisions simultaneously. This study discusses the impact of the carbon abatement cost coefficient, promotion cost coefficient, sensitivity coefficient of consumer demand to carbon abatement rate or promotion rate, or carbon tax rate on the manufacturer’s carbon abatement rate, commodity’s retail price, and retailer’s promotion rate. This article also discusses the impact of any one of the main parameters on supply chain profit. Through comparisons of the above two games, this article concludes that the former is better than the latter for firms, consumers, and the environment. This article also concludes that a reduction in the carbon abatement cost coefficient, a rise in the sensitivity coefficient of consumer demand to the carbon abatement rate, or a rise in the carbon tax rate increases the manufacturer’s optimal carbon abatement rate. A relatively high carbon abatement rate means relatively low CO₂ emissions, which are environmentally friendly and conducive to sustainable development at the ecological level. The foregoing conclusions provide governments with references for making carbon tax policies and also offer firms references for making decisions. Full article

This study presents an optimization framework for a utility-scale hybrid power plant (HPP) that integrates wind power plants (WPPs), solar power plants (SPPs), and battery energy storage systems (BESS) using historical and probabilistic weather modeling, regulatory incentives, and multi-objective trade-offs. By employing multi-objective particle swarm optimization (MOPSO), the study simultaneously optimizes three key objectives: economic performance (maximizing net present value, NPV), system reliability (minimizing loss of power supply probability, LPSP), and operational efficiency (reducing curtailment). The optimized HPP (283 MW wind, 20 MW solar, and 500 MWh BESS) yields an NPV of $165.2 million, a levelized cost of energy (LCOE) of $0.065/kWh, an internal rate of return (IRR) of 10.24%, and a 9.24-year payback, demonstrating financial viability. Operational efficiency is maintained with <4% curtailment and 8.26% LPSP. Key findings show that grid imports improve reliability (LPSP drops to 1.89%) but reduce economic returns; higher wind speeds (11.6 m/s) allow 27% smaller designs with 54.6% capacity factors; and tax credits (30%) are crucial for viability at low PPA rates (≤$0.07/kWh). Validation via Multi-Objective Genetic Algorithm (MOGA) confirms robustness. The study improves hybrid power plant design by combining weather predictions, policy changes, and optimizing three goals, providing a flexible renewable energy option for reducing carbon emissions. Full article

The implementation of a carbon tax in the transportation sector aims to reduce carbon emissions and encourage the transition to sustainable mobility amid increasing urbanization. The transportation sector is one of the largest contributors of carbon emissions in Indonesia, requiring effective policies to reduce its environmental impacts. Therefore, this study aims to find a more optimal carbon tax formula that is in accordance with Indonesia’s socio-economic conditions. The approach used includes analysis of transportation emission data, the economic impact of different carbon tax schemes, and tax revenue allocation strategies to support green infrastructure and sustainable transportation. The results of the study indicate that an adaptive carbon tax formula in the transportation sector is able to balance the economic burden, emission reduction targets, social justice, behavioral changes, and revenue allocation for green infrastructure, thus ensuring a just and sustainable transition. A progressive carbon tax, based on vehicle emission levels and fuel types, can encourage the transition to low-emission vehicles without excessively burdening low-income communities. With this approach, carbon tax policy functions not only as a fiscal instrument but also as a transformative strategy in creating an environmentally friendly and equitable transportation system. Full article

With the acceleration of global climate warming and agricultural modernization, the energy and carbon emission issues of agricultural parks (APs) have drawn increasing attention. An AP equipped with biogas-based combined heat and power (CHP) generation and photovoltaic systems serves as a prosumer terminal in a distribution network (DN). This paper introduces carbon emission flow (CEF) theory into the coordinated dispatch of APs and DNs. First, a CEF model for APs is established. Then, based on this model, a carbon–energy coordinated dispatch is carried out under bidirectional CEF interaction between the park and DN. A bidirectional carbon tax mechanism is adopted to explore the low-carbon synergy potential between them. Finally, the Stackelberg game approach is employed to address the pricing of electricity purchase/sale and carbon taxes in a DN, and the particle swarm optimization algorithm is used for rapid generating solutions. The case study shows that the proposed CEF model can effectively determine CEF distribution in the park. Moreover, the proposed bidirectional carbon tax mechanism significantly enhances the low-carbon economic benefits of both the AP and the DN. Full article

Environmental sustainability constitutes a strategic priority for Germany, with the circular economy serving a crucial function in its realization. Circular practices foster sustainable development by decreasing reliance on finite resources, minimizing waste, and reducing greenhouse gas (GHG) emissions. The circular economy provides ecological advantages and strengthens economic resilience through the promotion of innovation, enhancement of supply chain efficiency, and creation of green jobs. Complementary measures, including the preservation of natural capital, the enactment of structural economic reforms, and the implementation of environmental taxes, enhance sustainability objectives. Ecosystem conservation enhances carbon absorption, structural changes facilitate low-emission industries, and environmental taxes incorporate environmental costs. In contrast, industrial activity continues to be a significant contributor to GHG emissions, necessitating policy examination. This study analyzes the relationships between the circular economy, natural capital, structural change, environmental taxation, and industrial activities on GHG emissions in Germany from the first quarter of 2010 to the fourth quarter of 2022. The study employs wavelet coherence analysis (WCA), fully modified ordinary least squares (FMOLS), and dynamic ordinary least squares (DOLS), demonstrating that circular economy practices, natural capital, structural changes, and environmental taxes significantly reduce GHG emissions. Conversely, industrial activities continually elevate GHG emissions in Germany. Moreover, WCA further reveals the time–frequency dynamics and co-movement patterns between key variables and GHG emissions, enabling the detection of both short-term and long-term dependencies. The results indicate that enhancing environmental sustainability in Germany could be effectively achieved by mandating the integration of recycled materials within key industrial sectors to improve environmental sustainability, which would help lower resource extraction and related GHG emissions. Full article

The global shift to low-carbon energy systems has significantly increased demand for critical raw materials like lithium, cobalt, nickel, rare earth elements, and copper. These materials are essential for renewable technologies and energy storage. However, their extraction and processing produce significant carbon emissions and face challenges from supply chain vulnerabilities and price volatility. This review examines the complex relationship between carbon pricing mechanisms—such as carbon markets and taxes—and raw material markets. It explores the strategic importance of these materials, recent policy developments, and the transmission of carbon pricing impacts through supply chains. The review also analyzes the systemic risks created by carbon pricing, including regulatory uncertainty, market volatility, and geopolitical tensions. We then discuss financial tools and corporate strategies for managing these risks, such as carbon-linked derivatives and supply chain diversification. Finally, this review identifies key challenges and suggests future research to improve the resilience and sustainability of raw material supply chains. Here, resilience is defined as the capacity to adapt to carbon pricing volatility, geopolitical disruptions, and regulatory shocks, while maintaining operations. The paper concludes that coordinated policies and flexible risk management are urgently needed to support a reliable and sustainable energy transition. Full article

Recently, as carbon emission regulations enforced by the International Maritime Organization (IMO) have become stricter and pressure from the World Trade Organization (WTO) to abolish tax-free fuel subsidies has increased, the demand for electric propulsion systems in the marine sector has grown. Most small domestic fishing vessels rely on tax-free fuel and have limited cruising ranges and constant-speed operation, which makes them well-suited for electric propulsion. This paper proposes replacing the internal combustion engine system of such vessels with an electric propulsion system. Based on real operating conditions, an Interior Permanent Magnet Synchronous Motor (IPMSM) was designed and optimized. The Savitsky method was used to calculate total resistance at a typical cruising speed, from which the required torque and output were determined. To reduce torque ripple, an asymmetric dummy slot structure was proposed, with two dummy slots of different widths and depths placed in each stator slot. These dimensions, along with the magnet angle, were set as optimization parameters, and a metamodel-based optimal design was carried out. As a result, while meeting the design constraints, torque ripple decreased by 2.91% and the total harmonic distortion (THD) of the back-EMF was lowered by 1.32%. Full article

Environmental sustainability is receiving growing global attention, making the development of low-carbon and green transportation increasingly important. Low-carbon policies offer significant advantages in incentivizing energy conservation and reducing emissions in the transportation sector; however, it is vital to consider the impacts of regional differences on the implementation effect of low-carbon policies. This paper explores multimodal transportation route optimization under a carbon tax policy. First, a bi-objective route optimization model is constructed, with the goal of minimizing total transportation cost and time, while accounting for uncertain demand, fixed departure schedules, and regional differences. Trapezoidal fuzzy numbers are used to represent uncertain demand, and a fuzzy adaptive non-dominated sorting genetic algorithm is designed to solve the bi-objective optimization model. The algorithm is then tested on differently sized networks and on real-world transportation networks in eastern and western China to validate its effectiveness and to assess the impacts of regional differences. The experimental results show the following. (1) When considering transportation tasks at different network scales, the proposed fuzzy adaptive non-dominated sorting genetic algorithm outperforms the NSGA-II algorithm, achieving minimum differences in percentages of cost and time of 9.25% and 7.72%, respectively. (2) For transportation tasks assessed using real-world networks in eastern and western China, an increase in the carbon tax rate significantly affects carbon emissions, costs, and time. The degree of carbon emission reduction varies depending on the development of the regional transportation network. In the more developed eastern region, carbon emissions are reduced by up to 44.17% as the carbon tax rate increases. In the less developed western region, the maximum reduction in carbon emissions is 14.37%. The carbon tax policy has a more limited impact in the western region compared to the eastern one. Therefore, formulating differentiated carbon tax policies based on local conditions is an effective way to maximize the economic and environmental benefits of multimodal transportation. Full article