Rethinking personal carbon trading (PCT) mechanism: A comprehensive review.

The implementation of Personal Carbon Trading (PCT) holds promise in facilitating a noteworthy contribution towards the attainment of emissions reduction predicated on consumption patterns and consequently motivating lifestyle modifications. As individual consumption behaviors usually lead to continuous changes in carbon emissions, it is crucial to rethink PCT from a systematic perspective. This review employed a bibliometric analysis of 1423 papers related to PCT, highlighting the key themes of carbon emissions from energy consumption, climate change, and public opinion on policies in the context of PCT. Most of the existing PCT researches focus on theoretical assumptions and public attitudes, while the quantification of carbon emissions and simulation of PCT require further investigation. Furthermore, the concept of Tan Pu Hui is seldom addressed in PCT studies and case analyses. Moreover, there are limited PCT schemes worldwide that can be directly implemented in practice, leading to a scarcity of large-scale, high-participation case studies. To address these gaps, this review proposes a framework to clarify how PCT can stimulate individual emission reductions on the consumption side, comprising two phases, from motivation to behavior and behavior to target. Future endeavors should prioritize the enhancement of the systematic study of the theoretical foundation of PCT, encompassing carbon emissions accounting and policy design, the incorporation of cutting-edge technology, and the reinforcement of integrated policy practice. This review serves as a valuable reference for future research endeavors and policymaking efforts.

Choosing the right policy: Factors influencing the preferences of consumption-side personal carbon reduction policies.

With the development of the social economy and the improvement of personal income, the government must consider formulating personal carbon reduction policies to reduce carbon emissions from the consumption side. Therefore, it is valuable to understand the public's preferences for different policies and the factors influencing the willingness of policy support, which can help policy selection and promotion. Using data collected from 2801 college students and a multinomial logit model, this study explores the influence of personal and social factors on preferences for three different personal carbon reduction policies (personal carbon trading, carbon tax, and carbon generalized system of preferences). The results show that individuals with higher levels of affluence, social trust, and social norms prefer personal carbon trading; individuals with higher levels of affluence, self-motivation, and social norms prefer carbon tax; individuals with higher levels of low-carbon behavioral attitudes and social trust prefer carbon generalized system of preferences; and low-carbon responsibility, access to low-carbon information, and social equity are beneficial to all three policies. In addition, this study examined the heterogeneity of individuals with different levels of affluence and low-carbon behavioral attitudes. This study compares the differences in influencing factors of policy preferences, clarifies the effects of various personal and social factors, which can help the government to design consumption-side personal carbon reduction policies in the future, and provide a reference for the promotion of corresponding policies.

Uncertainty or trust? Political trust, perceived uncertainty and public acceptance of personal carbon trading policy.

Achieving carbon neutrality has become a global consensus, and plenty of measures and policies have been proposed in various industries to obtain this ambitious goal. As an innovative and radical environmental policy tool, personal carbon trading (PCT) policy which aims to reduce carbon emissions from the private consumption sector has aroused the attention. For a new policy tool, public support and acceptance is critical to obtain policy legitimacy and policy implementation. To implement PCT policy smoothly, the current research aims to explore the antecedents of public acceptance. From the emotional reaction perspective, this research mainly evaluated how political trust, perceived uncertainty and associated emotions matter for public acceptance of PCT policy. Based on the survey data, this research revealed that political trust has a direct positive impact on public acceptance of PCT policy. Meanwhile, political trust also has an indirect impact on public acceptance of PCT policy via emotions. Specifically, political trust is positively associated with positive emotions and negatively associated with negative emotions. Positive emotions promote public to accept PCT policy, while negative emotions inhibit public to accept PCT policy. The negative emotions exert a more powerful impact on public acceptance than positive emotions. Additionally, we found that perceived uncertainty exerts a negative effect on public acceptance and negatively regulates the relationship between political trust and public acceptance. That is, perceived uncertainty has a significant substitution effect on political trust. According to the research findings, policy implications to improve public acceptance of PCT policy were explored.

What drives resident acceptance of personal carbon trading policy in China?

Personal carbon trading (PCT) policy has been considered as an innovative and radical environmental policy tool to achieve carbon neutrality in private sector. For a new policy tool, resident acceptance is extremely vital and should be considered first and put in a vital position. The aim of this research is to understand resident acceptance of PCT policy and examine what drives resident acceptance and opposition of PCT policy. Based on a national survey in China, this research analyzed the level of resident acceptance toward PCT policy and its associated driving factors. Results delineated that residents are more likely to accept the piloting of PCT policy in other city and more positive toward the implementation of PCT policy in the next five years, but less likely to accept the piloting of PCT policy in their city and more negative toward the immediate implementation of PCT policy across the country. Furthermore, this research uncovered that residents from different regions and living areas and with different income level have different acceptable level to PCT policy. Additionally, this research found that resident acceptance of PCT policy is significantly affected by PCT knowledge, perceived benefit, perceived cost, perceived policy effectiveness and environmental awareness. However, compared with other factors, environmental awareness plays a limited role in improving resident acceptance of PCT policy. On the basis of research findings, measures to improve resident acceptance of PCT policy were discussed.

Navigating the personal carbon inclusion scheme: An evolutionary game theory approach to low-carbon behaviors among socio-economic groups.

In response to the challenges posed by climate change, China has launched the Personal Carbon Inclusion (PCI) scheme to encourage individuals to transition towards low-carbon lifestyles. This study investigates the behaviors of participants within the PCI scheme using a tripartite evolutionary game model, encompassing high-income and low-income individuals, as well as the PCI platform itself. The research analyzes participants' strategies, examines the evolutionary stability of different strategies, and assesses the robustness of equilibrium points within the game dynamics. Key findings reveal: (1) High-income participants tend to be less willing to adopt low-carbon behaviors compared to low-income participants. (2) The PCI platform displays limited proactive engagement in promoting low-carbon policies. (3) Factors, particularly the cost and pricing mechanisms of low-carbon actions, significantly impact the evolutionary progression of the system. Moreover, practical recommendations are provided to enhance the effectiveness of PCI schemes.

How does the design of personal carbon trading system affect willingness to participate under carbon neutrality goal?-evidence from a choice experiment.

In order to achieve the emission peak and carbon neutrality ("30·60" goals), personal carbon trading may be included in China's carbon trading market in the future, based on the corporate-level carbon trading that is already in place. It will be an effective solution to reduce carbon emissions from the consumption side and can be used as a supplement to the corporate carbon trading mechanism and carbon tax. This study constructs a personal carbon trading system based on the fundamental realities of China, which includes four attributes: carbon quota acquisition, trading partner selection, low-carbon behavior offset mechanism, and value preservation mode. Through questionnaire survey and choice experiment, the logit model is used to analyze the influence of the four attributes upon the individual willingness to participate in personal carbon trading and the heterogeneity of the public on personal carbon trading in the context of carbon neutrality policy. The study found that the influence of the attributes on the willingness to participate was ranked as follows: carbon quota acquisition > value preservation mode > low-carbon behavior offset mechanism > trading partner selection. The level of knowledge about carbon neutrality and salary will have a significant positive impact on the attribute-level preference of personal carbon trading. Finally, suggestions are made for designing, applying, and promoting personal carbon trading mechanisms to improve the public's willingness to participate in personal carbon trading and perfect the construction of carbon trading systems at the consumption side. The take-home message of the study is that a well-established personal carbon trading mechanism is an effective solution for reducing greenhouse gas emissions.

Determinants of Residents' Approach-Avoidance Responses to the Personal Carbon Trading Scheme: An Empirical Analysis of Urban Residents in Eastern China.

The personal carbon trading (PCT) scheme is a policy instrument for reducing downstream carbon emissions and creating a green lifestyle, and a bottleneck hampering its implementation is the behavioral willingness of residents. Due to a pre-existing stimulus-response association, the willingness of residents can be intuitively reflected by their approach-avoidance responses. This study theoretically analyzed the mechanisms for influencing residents' approach-avoidance responses towards the personal carbon trading scheme based on open-ended interviews, and empirically examined the mechanisms by developing rating scales and conducting questionnaire surveys on urban residents in eastern China. Findings showed that residents' approach-avoidance responses could be negatively affected by their preference for comfort, whereas they were positively impacted by their ecological values, sense of social responsibility, cognition of the behaviors for carbon emission reduction, and cognition of personal carbon trading. In terms of subjective norms, the culture of environmentalism had a positive effect on residents' responses to PCT scheme, while the culture of consumerism caused a negative impact on their responses. Furthermore, the perceived behavioral controls of residents partially mediated the relationships between their psychological characteristics and approach-avoidance responses. Finally, primary and pivotal suggestions were proposed for nudging Chinese urban residents towards approaching the personal carbon trading scheme, which provide theoretical support and practical guidance for its implementation.

Who avoids being involved in personal carbon trading? An investigation based on the urban residents in eastern China.

Personal carbon trading scheme has been pulled into the public eye with the increasing urgency of downstream carbon emission reduction, and its feasibility largely depends on public acceptability. This study established a hierarchical framework for urban residents' approach-avoidance responses to personal carbon trading; adopted Likert scale and manikin task methods to assess the current states of residents' responses by investigating 1892 respondents in eastern China; employed one-way analysis of variance to identify the demographic differences of their responses; and used regression analysis to explore the influences of psychological factors on their responses. The findings showed that urban residents' responses to personal carbon trading scheme and participation could be classified into five response hierarchies: deep avoidance, shallow avoidance, uncertain, shallow approach, and deep approach. The average of residents' responses denoted a shallow approach, with the characteristics of median stability, duration, and noise. Moreover, residents holding deep approach responses to the scheme and participation respectively accounted for 42.365% and 34.275% of the total, which indicated a gap between attitude and behavior. Urban residents' responses exhibited significant differences with respect to demographic characteristics. Most of the residents with the most avoidance response were young males (i.e., 18-20 years old), older first-line employees (i.e., older than 50 years old), and those on subsistence incomes (i.e., annual individual or household income was RMB 30,000-50,000 yuan). Additionally, residents who held egoistic values, had low senses of social responsibility, knew little about carbon reductions, and preferred comfortable life were likely to avoid the scheme and participation. Finally, policy suggestions are proposed for the enhancement of urban residents' attitudes towards personal carbon trading, thereby providing valuable references for its implementation.

What Role Should Government Play in the Personal Carbon Trading Market: Motivator or Punisher?

With increasing downstream carbon emissions, the implementation of a personal carbon trading scheme is urgently required. In order to facilitate the progress, government departments are supposed to adopt a motivating or punitive policy to make guidance for downstream carbon emissions reduction. This study determined and verified the evolutionarily stable strategies (ESSs) of government departments and individuals whose carbon emissions exceeded the initial carbon allowance (CEEICA individuals) by using the evolutionary game and numerical simulation methods, respectively. The findings show that the ESS of government departments is always a punitive policy during the variation of strategies of CEEICA individuals. The ESS of CEEICA individuals is an active plan when the added cost (the difference between emissions reduction cost and trading earning) is less than the carbon tax; otherwise, it is a passive plan. Furthermore, the rate of convergence can be significantly influenced by the probabilistic distances between initial strategies and the ESSs. On the basis of these findings, this study suggested implementing a "punishment first, motivation-supplemented" policy, and developing a stable operational mechanism for a personal carbon trading market.