Carbon asset remolding and potential benefit measurement of machinery products in the light of lean production and low-carbon investment

Yazhi Song, Yin Li and Tiansen Liu

Technological Forecasting and Social Change, 2023, vol. 186, issue PB

Abstract: For machinery manufacturing firms, a rather concerned barrier to arrive at carbon neutrality is the uncertain benefit of carbon emission reduction. To control the increasing cost triggered by carbon pricing mechanism and transition of carbon emission pattern, this paper restructures the whole production process of machinery products from the perspectives of low-carbon management and revaluation of carbon assets of process-flow to unearth the potential of carbon benefit of machinery products. Our theoretical analysis and case study keeping an eye on engineering machinery and port machinery jointly draw following key findings: First, the process management can effectively reduce carbon emissions as similar as the role of green-tech investment, and can arrive at a rather impressive emission reduction performance with less upfront investment. Second, to enhance carbon benefits sustainably, machinery manufacturing firms should control carbon emissions in the whole life-cycle and integrate carbon assets into production costs. Third, both carbon emission reduction and waste recycling can argument the return on carbon assets. Hence one can see that to create the competitive edge in the low-carbon sphere of machinery products, machinery manufacturing firms should remold the value-added process of carbon emission reduction in products' whole-life at the peak of total costs.

Keywords: Lean production; Low-carbon investment; Carbon asset; Carbon emission reduction; Value remolding; Machinery products (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:186:y:2023:i:pb:s0040162522006874

DOI: 10.1016/j.techfore.2022.122166

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