Evolutionary game analysis of forestry carbon sink trading model under blockchain technology
As a new balanced economy, the green economy guides the upgrade and transformation of industrial structures based on the original concept of sustainable development. Reducing carbon emissions is indispensable for achieving better and faster green economic development. From a functional perspective,...
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| Format: | Article |
| Language: | English |
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Elsevier
2023-12-01
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| Series: | Heliyon |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2405844023099140 |
| _version_ | 1827577544813051904 |
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| author | Song yukun Wu Haiquan |
| author_facet | Song yukun Wu Haiquan |
| author_sort | Song yukun |
| collection | DOAJ |
| description | As a new balanced economy, the green economy guides the upgrade and transformation of industrial structures based on the original concept of sustainable development. Reducing carbon emissions is indispensable for achieving better and faster green economic development. From a functional perspective, forestry carbon sinks have good carbon sequestration potential and have positive attributes, such as climate regulation and biodiversity maintenance, for the entire ecosystem. To promote the continuous development of forestry carbon sink trading in China, blockchain, a new technology with several advantages such as traceability, supervision, and tamper-proofness, has emerged, which creates a good market trading environment and has made a breakthrough in the trading mode. If forestry carbon sink trading is effectively supported, organic combinations and simultaneous synergistic development can be conducted, which will open new avenues for the carbon sink economy. In this study, a game model of the forest carbon sink trading mode under blockchain technology was constructed from the perspective of traders, and influential factors, such as the carbon sink available for sale by the supply side and the demand side's perspective towards emission reduction, were considered. Subsequently, the MATLAB R2020b software was used to conduct a simulation analysis of the transactions, thereby showing the evolutionary path of the game between the two sides and the influence mechanism of the addition of blockchain technology on the evolution trajectory of the demand-side decision. The findings indicate that, from the perspective of participating traders, the inclusion of blockchain technology in forestry carbon sink trading resulted in positive effects. Moreover, the greater the probability that the carbon sinks available for sale in the market can meet the demand, the more likely the demand side is to participate in the transaction. |
| first_indexed | 2024-03-08T21:28:20Z |
| format | Article |
| id | doaj.art-8970751fd50e4970876c31ed2346aad4 |
| institution | Directory Open Access Journal |
| issn | 2405-8440 |
| language | English |
| last_indexed | 2024-03-08T21:28:20Z |
| publishDate | 2023-12-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Heliyon |
| spelling | doaj.art-8970751fd50e4970876c31ed2346aad42023-12-21T07:34:22ZengElsevierHeliyon2405-84402023-12-01912e22706Evolutionary game analysis of forestry carbon sink trading model under blockchain technologySong yukun0Wu Haiquan1School of Economics and Management, Northeast Forestry University, Harbin, 150040, China; Corresponding author.School of Public Administration, Central South University, Changsha, 410083, ChinaAs a new balanced economy, the green economy guides the upgrade and transformation of industrial structures based on the original concept of sustainable development. Reducing carbon emissions is indispensable for achieving better and faster green economic development. From a functional perspective, forestry carbon sinks have good carbon sequestration potential and have positive attributes, such as climate regulation and biodiversity maintenance, for the entire ecosystem. To promote the continuous development of forestry carbon sink trading in China, blockchain, a new technology with several advantages such as traceability, supervision, and tamper-proofness, has emerged, which creates a good market trading environment and has made a breakthrough in the trading mode. If forestry carbon sink trading is effectively supported, organic combinations and simultaneous synergistic development can be conducted, which will open new avenues for the carbon sink economy. In this study, a game model of the forest carbon sink trading mode under blockchain technology was constructed from the perspective of traders, and influential factors, such as the carbon sink available for sale by the supply side and the demand side's perspective towards emission reduction, were considered. Subsequently, the MATLAB R2020b software was used to conduct a simulation analysis of the transactions, thereby showing the evolutionary path of the game between the two sides and the influence mechanism of the addition of blockchain technology on the evolution trajectory of the demand-side decision. The findings indicate that, from the perspective of participating traders, the inclusion of blockchain technology in forestry carbon sink trading resulted in positive effects. Moreover, the greater the probability that the carbon sinks available for sale in the market can meet the demand, the more likely the demand side is to participate in the transaction.http://www.sciencedirect.com/science/article/pii/S2405844023099140Blockchain technologyForest carbon sinkEvolutionary gameTransaction mode |
| spellingShingle | Song yukun Wu Haiquan Evolutionary game analysis of forestry carbon sink trading model under blockchain technology Heliyon Blockchain technology Forest carbon sink Evolutionary game Transaction mode |
| title | Evolutionary game analysis of forestry carbon sink trading model under blockchain technology |
| title_full | Evolutionary game analysis of forestry carbon sink trading model under blockchain technology |
| title_fullStr | Evolutionary game analysis of forestry carbon sink trading model under blockchain technology |
| title_full_unstemmed | Evolutionary game analysis of forestry carbon sink trading model under blockchain technology |
| title_short | Evolutionary game analysis of forestry carbon sink trading model under blockchain technology |
| title_sort | evolutionary game analysis of forestry carbon sink trading model under blockchain technology |
| topic | Blockchain technology Forest carbon sink Evolutionary game Transaction mode |
| url | http://www.sciencedirect.com/science/article/pii/S2405844023099140 |
| work_keys_str_mv | AT songyukun evolutionarygameanalysisofforestrycarbonsinktradingmodelunderblockchaintechnology AT wuhaiquan evolutionarygameanalysisofforestrycarbonsinktradingmodelunderblockchaintechnology |