Operationalizing Carbon-Neutral Living: A Case Study of A Business Model for Carbon-Negative Products

Yue-Rong Hong, Chien-Ming Lee () and Tsai-Chi Kuo
Additional contact information
Yue-Rong Hong: Department of Information Management, National Taiwan University of Science and Technology, Taipei 106, Taiwan
Chien-Ming Lee: Institute of Natural Resources Management, National Taipei University, Taipei 237, Taiwan
Tsai-Chi Kuo: Department of Industrial Management, National Taiwan University of Science and Technology, Taipei 106, Taiwan

Sustainability, 2023, vol. 15, issue 14, 1-13

Abstract: Behavior change is the last hurdle to achieving net zero emissions by 2050. However, if the public does not take responsibility for emissions that arise from their life activities, low-carbon behavioral changes are unlikely to be adopted. This article introduces personal social responsibility (PSR), and advocates that individuals should make good use of consumer sovereignty and wise consumption power. This study aims to investigate the feasibility of the carbon-negative business model and, accordingly, the opportunity to practice carbon neutrality in personal life. This article uses carbon-negative commodities as a carrier to establish a new model of personal carbon trading (PCT), and introduces behavioral nudge design to encourage the public to adopt low-carbon behavior. Regression analysis shows that the sales volume of carbon-negative products and the cumulative number of members are significantly related (10% and 1% significance). This indicates that attaching 1 kg of carbon credits (costing about TWD 0.5) can stimulate sales of a carbon-negative product to increase by 1.6, making it economically feasible. This verifies that the public can accumulate carbon assets through the consumption of carbon-negative products, offset carbon emissions from daily life, and gain the opportunity to practice carbon-neutral life. Product carbon footprint labeling is the basis of this pilot project; therefore, promoting product carbon footprint labels is needed, and is recommended to ensure a successful carbon-neutral living transition.

Keywords: net zero emissions; carbon-negative products; personal carbon trading; personal social responsibility; carbon footprint (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2071-1050/15/14/11315/pdf (application/pdf)
https://www.mdpi.com/2071-1050/15/14/11315/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:15:y:2023:i:14:p:11315-:d:1198541

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().