Carbon emission reduction investment in sustainable supply chains under cap-and-trade regulation: An evolutionary game-theoretical perspective

Accenture. (2009). Only One in 10 Companies Actively Manage Their Supply Chain Carbon Footprints, Accenture Study Finds. Retrieved from https://newsroom.accenture.com/article_display.cfm?article_id=4801. Accessed March 20, 2023. Adhikari, 2020, Collaboration, bargaining, and fairness concern for a green apparel supply chain: An emerging economy perspective, Transportation Research Part E: Logistics and Transportation Review, 135, 10.1016/j.tre.2020.101863 Ahi, 2013, A comparative literature analysis of definitions for green and sustainable supply chain management, Journal of Cleaner Production, 52, 329, 10.1016/j.jclepro.2013.02.018 Bai, 2022, The distributionally robust optimization model for a remanufacturing system under cap-and-trade policy: A newsvendor approach, Annals of Operations Research, 309, 731, 10.1007/s10479-020-03642-4 Baumol, 2004 Carbon Trust. (2011). Consumer demand for lower-carbon lifestyles is putting pressure on business. Retrieved from https://www.carbontrust.com/news-and-insights/insights/consumer-demand-for-lower-carbon-lifestyles-is-putting-pressure-on#:∼:text=Share-,Consumer%20demand%20for%20lower%2Dcarbon%20products%20and%20services%20is%20growing,emissions%20across%20the%20supply%20chain. Accessed March 20, 2023. Chen, 2018, Using evolutionary game theory to study governments and manufacturers’ behavioral strategies under various carbon taxes and subsidies, Journal of Cleaner Production, 201, 123, 10.1016/j.jclepro.2018.08.007 Cheng, 2020, Equilibrium analysis of general N-population multi-strategy games for generation-side long-term bidding: An evolutionary game perspective, Journal of Cleaner Production, 276, 10.1016/j.jclepro.2020.124123 Costello, 2009, Managing the health effects of climate change: Lancet and University College London Institute for Global Health Commission, The lancet, 373, 1693, 10.1016/S0140-6736(09)60935-1 Dal Mas, 2022, Corporate social responsibility in the retail business: A case study, Corporate Social Responsibility and Environmental Management, 29, 223, 10.1002/csr.2198 Dong, 2016, Sustainability investment under cap-and-trade regulation, Annals of Operations Research, 240, 509, 10.1007/s10479-013-1514-1 Ebrahimi, 2022, Coordinating double-level sustainability effort in a sustainable supply chain under cap-and-trade regulation, Expert Systems with Applications, 207, 10.1016/j.eswa.2022.117872 Elhedhli, 2012, Green supply chain network design to reduce carbon emissions, Transportation Research Part D-Transport and Environment, 17, 370, 10.1016/j.trd.2012.02.002 European Commission. (2020). European Green Deal. Retrieved from https://ec.europa.eu/clima/eu-action/european-green-deal/2030-climate-target-plan_en. Accessed September 18, 2022. Fan, 2018, The dynamic analysis and simulation of government subsidy strategies in low-carbon diffusion considering the behavior of heterogeneous agents, Energy Policy, 117, 252, 10.1016/j.enpol.2017.12.003 Frey, 2010, Evolutionary game theory: Theoretical concepts and applications to microbial communities, Physica A: Statistical Mechanics and its Applications, 389, 4265, 10.1016/j.physa.2010.02.047 Friedman, 1991, Evolutionary games in economics, Econometrica: Journal of the Econometric Society, 59, 637, 10.2307/2938222 Fu, 2016, Evolutionary game of carbon-emission-reduction investment in supply chains under a contract with punishment mechanism, Journal of Management Sciences in China, 19, 56 Giri, 2022, Pythagorean fuzzy DEMATEL method for supplier selection in sustainable supply chain management, Expert Systems with Applications, 193, 10.1016/j.eswa.2021.116396 Govindan, 2014, Barriers analysis for green supply chain management implementation in Indian industries using analytic hierarchy process, International Journal of Production Economics, 147, 555, 10.1016/j.ijpe.2013.08.018 Gunasekaran, 2015, Green supply chain collaboration and incentives: Current trends and future directions, Transportation Research Part E-Logistics and Transportation Review, 74, 1, 10.1016/j.tre.2015.01.002 Hodgson, C., & Sheppard, D. (2023). EU carbon price tops €100 a tonne for first time. Retrieved from https://www.ft.com/content/7a0dd553-fa5b-4a58-81d1-e500f8ce3d2a. Accessed March 20, 2023. Homayouni, 2021, A robust-heuristic optimization approach to a green supply chain design with consideration of assorted vehicle types and carbon policies under uncertainty, Annals of Operations Research Hosseini-Motlagh, 2022, A profit surplus distribution mechanism for supply chain coordination: An evolutionary game-theoretic analysis, European Journal of Operational Research, 301, 561, 10.1016/j.ejor.2021.10.059 Hua, 2011, Managing carbon footprints in inventory management, International Journal of Production Economics, 132, 178, 10.1016/j.ijpe.2011.03.024 IKEA. (2020). IKEA Sustainability strategy. Retrieved from https://gbl-sc9u2-prd-cdn.azureedge.net/-/media/aboutikea/newsroom/documents/ikea-sustainability-strategy-people-planet-positive-2020-511938_v3.pdf?rev=23e23d34738d4f678ef51e30bc0d79fe&hash=D6260594B415E4A77AFFED93C44EED0A. Accessed September 18, 2022. Kang, 2019, Evolutionary game theoretic analysis on low-carbon strategy for supply chain enterprises, Journal of Cleaner Production, 230, 981, 10.1016/j.jclepro.2019.05.118 Lee, 2008, Drivers for the participation of small and medium-sized suppliers in green supply chain initiatives, Supply Chain Management-an International Journal, 13, 185, 10.1108/13598540810871235 Li, 2021, Contracting green product supply chains considering marketing efforts in the circular economy era, International Journal of Production Economics, 234, 10.1016/j.ijpe.2021.108041 Li, 2018, Price and carbon emission reduction decisions and revenue-sharing contract considering fairness concerns, Journal of Cleaner Production, 190, 303, 10.1016/j.jclepro.2018.04.032 Li, 2021, Effects of government subsidies on green technology investment and green marketing coordination of supply chain under the cap-and-trade mechanism, Energy Economics, 101, 10.1016/j.eneco.2021.105426 Liu, 2022, Government regulation to promote coordinated emission reduction among enterprises in the green supply chain based on evolutionary game analysis, Resources, Conservation and Recycling, 182, 10.1016/j.resconrec.2022.106290 Ma, 2020, Optimization of a three-echelon cold chain considering freshness-keeping efforts under cap-and-trade regulation in Industry 4.0, International Journal of Production Economics, 220, 10.1016/j.ijpe.2019.07.030 Mahmoudi, 2018, Sustainable supply chains under government intervention with a real-world case study: An evolutionary game theoretic approach, Computers & Industrial Engineering, 116, 130, 10.1016/j.cie.2017.12.028 METI. (2021). The 6th Strategic Energy Plan. Retrieved from https://www.enecho.meti.go.jp/en/category/others/basic_plan/pdf/6th_outline.pdf. Accessed March 6, 2023. Microsoft. (2020). Climate Innovation Fund. Retrieved from https://www.microsoft.com/en-us/corporate-responsibility/sustainability/climate-innovation-fund?SilentAuth=1&wa=wsignin1.0&activetab=pivot1%3aprimaryr6. Accessed September 18, 2022. NDRC. (2021a). Action Plan For Carbon Dioxide Peaking Before 2030. Retrieved from https://en.ndrc.gov.cn/policies/202110/t20211027_1301020.html#:∼:text=By%202030%2C%20the%20share%20of,carbon%20dioxide%20peaking%20before%202030. Accessed March 6, 2023. NDRC. (2021b). Working Guidance for Carbon Dioxide Peaking and Carbon Neutrality in Full and Faithful Implementation of the New Development Philosophy. Retrieved from https://en.ndrc.gov.cn/policies/202110/t20211024_1300725.html. Accessed March 6, 2023. Parsaeifar, 2019, A game theoretical for coordination of pricing, recycling, and green product decisions in the supply chain, Journal of Cleaner Production, 226, 37, 10.1016/j.jclepro.2019.03.343 Ritchie, H., Roser, M., & Rosado, P. (2020). CO₂ and greenhouse gas emissions. Retrieved from https://ourworldindata.org/co2-and-other-greenhouse-gas-emissions. Accessed September 18, 2022. Rodgers, 2010, Sustainable entrepreneurship in SMEs: A case study analysis, Corporate Social Responsibility and Environmental Management, 17, 125, 10.1002/csr.223 Shaw, 2012, Supplier selection using fuzzy AHP and fuzzy multi-objective linear programming for developing low carbon supply chain, Expert Systems with Applications, 39, 8182, 10.1016/j.eswa.2012.01.149 Shekarian, 2021, Dual-channel remanufacturing closed-loop supply chains under carbon footprint and collection competition, Sustainable Production and Consumption, 28, 1050, 10.1016/j.spc.2021.06.028 Shi, 2020, Value of Bargaining Contract in a Supply Chain System With Sustainability Investment: An Incentive Analysis, IEEE Transactions on Systems, Man, and Cybernetics: Systems, 50, 1622, 10.1109/TSMC.2018.2880795 Sikhar, 2012, A decision framework for the analysis of green supply chain contracts: An evolutionary game approach, Expert Systems with Applications, 39, 2965, 10.1016/j.eswa.2011.08.158 Smith, 1982 Swami, 2013, Channel coordination in green supply chain management, Journal of the Operational Research Society, 64, 336, 10.1057/jors.2012.44 United Nations. (2016). The Paris Agreement. Retrieved from https://unfccc.int/process-and-meetings/the-paris-agreement/the-paris-agreement. Accessed September 18, 2022. United States. (2021). The Long-Term Strategy of the United States: Pathways to Net-Zero Greenhouse Gas Emissions by 2050. Retrieved from https://www.whitehouse.gov/wp-content/uploads/2021/10/US-Long-Term-Strategy.pdf. Accessed March 6, 2023. Wang, 2010, Evolutionary cooperative spectrum sensing game: How to collaborate?, IEEE Transactions on Communications, 58, 890, 10.1109/TCOMM.2010.03.090084 Xia, 2018, Carbon emission reduction and promotion policies considering social preferences and consumers' low-carbon awareness in the cap-and-trade system, Journal of Cleaner Production, 195, 1105, 10.1016/j.jclepro.2018.05.255 Xia, 2021, The role of cross-shareholding in the green supply chain: Green contribution, power structure and coordination, International Journal of Production Economics, 234, 10.1016/j.ijpe.2021.108037 Xiao, 2009, Wholesale pricing and evolutionarily stable strategies of retailers with imperfectly observable objective, European Journal of Operational Research, 196, 1190, 10.1016/j.ejor.2008.04.009 Xiao, 2006, Supply chain disruption management and evolutionarily stable strategies of retailers in the quantity-setting duopoly situation with homogeneous goods, European Journal of Operational Research, 173, 648, 10.1016/j.ejor.2005.02.076 Xu, 2017, Production and pricing problems in make-to-order supply chain with cap-and-trade regulation, Omega, 66, 248, 10.1016/j.omega.2015.08.006 Xu, 2023, FinTech regulation: Evolutionary game model, numerical simulation, and recommendations, Expert Systems with Applications, 211, 10.1016/j.eswa.2022.118327 Yang, 2017, Pricing and carbon emission reduction decisions in supply chains with vertical and horizontal cooperation, International Journal of Production Economics, 191, 286, 10.1016/j.ijpe.2017.06.021 Yi, 2017, Wholesale pricing and evolutionary stable strategies of retailers under network externality, European Journal of Operational Research, 259, 37, 10.1016/j.ejor.2016.09.014 Yu, 2020, Information sharing or not across the supply chain: The role of carbon emission reduction, Transportation Research Part E: Logistics and Transportation Review, 137, 10.1016/j.tre.2020.101915 Zhang, 2019, How do low-carbon policies promote green diffusion among alliance-based firms in China? An evolutionary-game model of complex networks, Journal of Cleaner Production, 210, 518, 10.1016/j.jclepro.2018.11.028