Pollutant-specific scale economies in a supply chain under cap-and-trade regulation within the context of sustainable insurance
學年 113
學期 2
出版（發表）日期 2025-05-31
作品名稱 Pollutant-specific scale economies in a supply chain under cap-and-trade regulation within the context of sustainable insurance
作品名稱（其他語言）
著者 Shi Chen, Hanhan Bai, Ching-Hui Chang, Jeng-Yan Tsai, Chuen-Ping Chang
單位
出版者
著錄名稱、卷期、頁數 Energy Economics, 148 (2025)
摘要 This paper introduces a capped call option within a sustainable insurance model, where the insurer acts as a fund provider and supply chain manufacturers serve as fund borrowers. The risks associated with these borrowing manufacturers are capped through green lending, providing a structured way to manage financial exposure. Both upstream and downstream manufacturers use multiproduct production technology, which inherently produces pollutants. The study investigates how cap-and-trade limits influence pollution in carbon-intensive supply chains under varying cost structures. It reveals that stricter pollution caps enhance the insurer's profit margin when manufacturers adopt subadditive multiproduct technology—where joint production reduces costs—but diminish the margin when superadditive technology is employed, resulting in higher joint production costs. Moreover, tighter cap-and-trade restrictions may inadvertently lead to increased overall pollution, as the incentive to produce more under these multiproduct cost structures can outweigh the intended environmental benefits. These findings emphasize the importance of designing green finance and technology promotion policies that account for the specific cost dynamics within supply chains, ensuring that environmental, public health, and clean energy objectives are effectively balanced.
關鍵字 Pollutant scale; Sustainable Development Goal 3; Sustainable Development Goal 7; Supply chain; Sustainable insurance
語言 en
ISSN
期刊性質 國外
收錄於 SSCI EconLit Scopus NotTSSCI
產學合作
通訊作者 Jeng-Yan Tsai
審稿制度 1
國別 USA
公開徵稿
出版型式 ,電子版,紙本