Environmental regulation, market power and low-carbon development of China's coal power industry chain —Based on both strategy and return perspectives
To study the behavioral strategies of government agencies and the coal power industry chain under environmental regulation, an evolutionary game model has been constructed. Furthermore, a reinforcement learning model has been developed using the payoff matrix. By analyzing the characteristics of dif...
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| Format: | Article |
| Language: | English |
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Elsevier
2025-03-01
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| Series: | Energy Strategy Reviews |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2211467X25000148 |
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| _version_ | 1832573209857228800 |
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| author | Jiaming Gao Li Zhang |
| author_facet | Jiaming Gao Li Zhang |
| author_sort | Jiaming Gao |
| collection | DOAJ |
| description | To study the behavioral strategies of government agencies and the coal power industry chain under environmental regulation, an evolutionary game model has been constructed. Furthermore, a reinforcement learning model has been developed using the payoff matrix. By analyzing the characteristics of different environmental regulatory policies and the future development trends of China's coal power industry chain, we evaluate the impact of various regulatory policies on the game players from both strategy and return perspectives. The results show that (1) Power companies are policy sensitive; (2) In the context of both market-based and voluntary environmental regulation policies, there exists a potential to trigger the '' coal-power paradox ''. (3) Market-based environmental regulation is most effective, whereas command-based environmental regulation offers prompt policy feedback, and voluntary environmental regulation merely serve as a supplementary regulatory tool. |
| format | Article |
| id | doaj-art-4b9e28822917421ebe6a744ce5c348af |
| institution | Kabale University |
| issn | 2211-467X |
| language | English |
| publishDate | 2025-03-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Energy Strategy Reviews |
| spelling | doaj-art-4b9e28822917421ebe6a744ce5c348af2025-02-02T05:27:07ZengElsevierEnergy Strategy Reviews2211-467X2025-03-0158101651Environmental regulation, market power and low-carbon development of China's coal power industry chain —Based on both strategy and return perspectivesJiaming Gao0Li Zhang1School of Information Management, Xinjiang University of Finance and Economics, Urumqi, Xinjiang, 830012, China; Corresponding author.School of Accounting, Xinjiang University of Finance and Economics, Urumqi, Xinjiang, 830012, ChinaTo study the behavioral strategies of government agencies and the coal power industry chain under environmental regulation, an evolutionary game model has been constructed. Furthermore, a reinforcement learning model has been developed using the payoff matrix. By analyzing the characteristics of different environmental regulatory policies and the future development trends of China's coal power industry chain, we evaluate the impact of various regulatory policies on the game players from both strategy and return perspectives. The results show that (1) Power companies are policy sensitive; (2) In the context of both market-based and voluntary environmental regulation policies, there exists a potential to trigger the '' coal-power paradox ''. (3) Market-based environmental regulation is most effective, whereas command-based environmental regulation offers prompt policy feedback, and voluntary environmental regulation merely serve as a supplementary regulatory tool.http://www.sciencedirect.com/science/article/pii/S2211467X25000148JELC61C73L520L78L88 |
| spellingShingle | Jiaming Gao Li Zhang Environmental regulation, market power and low-carbon development of China's coal power industry chain —Based on both strategy and return perspectives Energy Strategy Reviews JEL C61 C73 L520 L78 L88 |
| title | Environmental regulation, market power and low-carbon development of China's coal power industry chain —Based on both strategy and return perspectives |
| title_full | Environmental regulation, market power and low-carbon development of China's coal power industry chain —Based on both strategy and return perspectives |
| title_fullStr | Environmental regulation, market power and low-carbon development of China's coal power industry chain —Based on both strategy and return perspectives |
| title_full_unstemmed | Environmental regulation, market power and low-carbon development of China's coal power industry chain —Based on both strategy and return perspectives |
| title_short | Environmental regulation, market power and low-carbon development of China's coal power industry chain —Based on both strategy and return perspectives |
| title_sort | environmental regulation market power and low carbon development of china s coal power industry chain based on both strategy and return perspectives |
| topic | JEL C61 C73 L520 L78 L88 |
| url | http://www.sciencedirect.com/science/article/pii/S2211467X25000148 |
| work_keys_str_mv | AT jiaminggao environmentalregulationmarketpowerandlowcarbondevelopmentofchinascoalpowerindustrychainbasedonbothstrategyandreturnperspectives AT lizhang environmentalregulationmarketpowerandlowcarbondevelopmentofchinascoalpowerindustrychainbasedonbothstrategyandreturnperspectives |