Can Chinese outward foreign direct investment help the belt and road low-carbon development? Evolutionary game in China’s environmental responsibility

Xiangyu Mao (), Ying Wang (), Hashim Zameer () and Haohao Song ()
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Xiangyu Mao: Nanjing University of Aeronautics and Astronautics
Ying Wang: Nanjing University of Aeronautics and Astronautics
Hashim Zameer: Nanjing University of Aeronautics and Astronautics
Haohao Song: Nanjing University of Aeronautics and Astronautics

Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, 2024, vol. 26, issue 5, No 7, 11049-11088

Abstract: Abstract Carrying out low-carbon economic cooperation under the belt and road initiative (BRI) is an important measure to actively respond to climate change and maintain global ecological security. With the continuous development of national strength, the Chinese government should actively fulfill environmental responsibility in the BRI economic cooperation. Existing studies have pointed out that the Chinese government can promote low-carbon economic cooperation in BRI through outward foreign direct investment (OFDI), and emphasized the significance of the Chinese government's participation. However, they have not revealed the relationship between China's environmental responsibility and the construction of a green BRI. To fill this gap, this paper analyzes the strategic choices and relevant influencing factors of the Chinese government, governments of countries along the BRI, and Chinese OFDI enterprises in the BRI low-carbon economic cooperation. Through parameter assignment and simulation, this paper draws the following conclusions: (1) The Chinese government should decide whether to take the initiative to fulfill environmental responsibility according to the economic development level of countries along the BRI; (2) The Chinese government fulfilling environmental responsibility is positive and effective for the responsible investment of Chinese OFDI enterprises; (3) The Chinese government fulfilling environmental responsibility can enhance the initiative of countries along the BRI to positive governance, but this enhancement is not last. More importantly, the environmental responsibility of the Chinese government is not simply to provide subsidies to countries along the BRI. Various measures must be taken by the Chinese government to fulfill its environmental responsibility in the BRI economic cooperation.

Keywords: The Chinese government; Environmental responsibility; The belt and road initiative; Low-carbon economic cooperation; Evolutionary game theory (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s10668-023-03207-y

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