Dynamic interactions of carbon reduction strategies in the shipping industry considering market cyclicality: a tripartite evolutionary game analysis

Huang, D, Yang, X, Zhang, Y and Wang, J ORCID: 0000-0003-4646-9106 (2025) Dynamic interactions of carbon reduction strategies in the shipping industry considering market cyclicality: a tripartite evolutionary game analysis. Energy, 335. p. 137963. ISSN 0360-5442

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Abstract

The carbon reduction requirement of the International Maritime Organization imposes huge compliance costs to the shipping community. This research explores the interactive mechanism of behavioral strategies among governments, carriers, and shippers based on a tripartite evolutionary game model. Different periods of shipping market fluctuations are discussed in the context of the carbon trading system. When the shipping market is prosperous, implementing low-carbon policies can more effectively enhance the enthusiasm of carriers for emission reduction. Additionally, this research conducts sensitivity analysis on carbon prices, subsidies and transportation costs, providing feasible suggestions for the green transformation of the shipping industry.

Item Type:	Article
Uncontrolled Keywords:	4012 Fluid Mechanics and Thermal Engineering; 40 Engineering; 4008 Electrical Engineering; 4017 Mechanical Engineering; 0913 Mechanical Engineering; 0914 Resources Engineering and Extractive Metallurgy; 0915 Interdisciplinary Engineering; Energy; 4008 Electrical engineering; 4012 Fluid mechanics and thermal engineering; 4017 Mechanical engineering
Subjects:	T Technology > TA Engineering (General). Civil engineering (General) V Naval Science > VM Naval architecture. Shipbuilding. Marine engineering
Divisions:	Engineering
Publisher:	Elsevier
Date of acceptance:	7 August 2025
Date Deposited:	31 Oct 2025 16:13
Last Modified:	31 Oct 2025 16:15
DOI or ID number:	10.1016/j.energy.2025.137963
URI:	https://researchonline.ljmu.ac.uk/id/eprint/27459

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