The social cost of carbon in regions and industries from ESG perspective - a case study of eight economic regions in China
Zihao Tian, Lixin Tian, Yixiang Zhao
TL;DR
This paper estimates carbon social costs in eight Chinese regions and key industries using ESG principles and game theory to guide climate policy.
Contribution
The study introduces a novel integrated model combining ESG principles and game theory to estimate regional and sectoral carbon social costs.
Findings
Northern, southern, and eastern coastal regions have higher carbon social costs than other regions.
Industrial and power sectors have higher carbon social costs than construction and transportation sectors.
Stricter temperature limits increase carbon social costs across economic regions.
Abstract
As a core metric for climate policy, the scientific estimation of carbon social costs is crucial for formulating mitigation strategies. However, traditional integrated assessment models predominantly focus on the global aggregate, failing to adequately account for regional heterogeneity, sectoral characteristics, and strategic interactions between regions. They also lack systematic integration of ESG principles. To address this, this paper examines regional and sectoral carbon social costs driven by ESG development. Through cooperative and non-cooperative games, we improve the integrated economic-environmental-climate development model, take the eight economic regions in China as an example, get the carbon social cost of each economic region and typical important industries, and obtain the key parameters and the evolution law of carbon social cost. The model categorizes the carbon…
Genes, proteins, chemicals, diseases, species, mutations and cell lines named across the full text — each resolved to its canonical identifier and authoritative record.
Click any figure to enlarge with its caption.
Figure 10
Figure 11
Figure 12
Figure 13
Figure 14
Figure 15
Figure 16
Figure 17
Figure 18
Figure 19
Figure 1
Figure 20
Figure 21
Figure 22
Figure 23
Figure 24
Figure 25
Figure 26
Figure 27
Figure 28
Figure 29
Figure 2
Figure 30
Figure 31
Figure 32
Figure 33
Figure 34
Figure 35
Figure 36
Figure 37
Figure 38
Figure 3
Figure 4
Figure 5
Figure 6
Figure 7
Figure 8
Figure 9Peer Reviews
No public reviews on file for this paper yet. If you reviewed it on a platform where reviews are public (OpenReview, ICLR, NeurIPS, ICML), you can paste yours below so the community can read it here.
Videos
No videos yet. Explain this paper in a talk, walkthrough, or lecture? Add one.
Taxonomy
TopicsEnvironmental Impact and Sustainability · Climate Change Policy and Economics · Energy, Environment, Economic Growth