Low-Carbon Transformation Strategy for Blockchain-Based Power Supply Chain

Hua Pan, Huimin Zhu () and Minmin Teng
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Hua Pan: School of Economics and Management, Shanghai University of Electric Power, Shanghai 201306, China
Huimin Zhu: School of Economics and Management, Shanghai University of Electric Power, Shanghai 201306, China
Minmin Teng: School of Economics and Management, Shanghai University of Electric Power, Shanghai 201306, China

Sustainability, 2023, vol. 15, issue 16, 1-22

Abstract: Carbon abatement in the power sector is essential to achieving the “double carbon” goal, and blockchain technology, one of the most promising emerging technologies, will assist the power sector in efficiently achieving this goal. In terms of the effectiveness of carbon abatement, comparative studies on coordination mechanisms are absent in the existing literature. On this basis, aiming at the cooperative abatement strategy between power generation generators and sellers under the carbon tax policy, this paper has developed four decision models: the Stackelberg game led by power generation enterprises, the simultaneous Nash bargaining decision by both parties, the vertical integration decision by supply chain enterprises, and the cooperative carbon emission reduction game by supply chain enterprises, to analyze the changes in electricity price, sustainability level, power sales, and profits of supply chain members. The results of the numerical analysis show that user preference for blockchain technology and an increase in the proportion of low-carbon electricity information uploaded to the blockchain can significantly improve the sustainability level of the electricity supply chain. The level of investment in green technologies by electricity producers under cooperative abatement decision-making increases compared to the electricity producer-dominated Stackelberg game model. The sustainability level of the electricity supply chain is higher under the Nash simultaneous decision than under the abatement cost-sharing decision, but the decision-maker’s profit is lower. The values of overall profit and sustainability level of the electricity supply chain are both highest under the vertically integrated decision.

Keywords: power supply chain; carbon tax; blockchain; consumers’ environmental awareness; Stackelberg game; Nash bargaining decision; cooperative carbon reduction (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: View citations in EconPapers (1)

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