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The economic feasibility of Blue Carbon cooperation in the South China Sea region

The economic feasibility of Blue Carbon cooperation in the South China Sea region
The economic feasibility of Blue Carbon cooperation in the South China Sea region
Coastal Blue Carbon is the carbon stored in mangroves, tidal marshes and seagrass meadows. There is an urgent need to protect the coastal ecosystem by developing Blue Carbon economy. In this paper, we investigate the feasibility and mechanism of the Blue Carbon cooperation in the South China Sea Region (SCSR) from an economic angle. We utilize the paradigm of Cobb-Douglas production to stimulate Blue Carbon development and mathematically prove the feasibility of such a cooperation strategy. The Shapley value in game theory is further applied, which not only confirms the reality of this cooperation but also provides an allocation mechanism of the cooperation benefits. The results suggest that there exists a profitable opportunity for the Blue Carbon cooperation in the SCSR. Further discussion and suggestions are provided in promotion of research focus on the Blue Carbon cooperation.
Blue carbon, South China Sea, Cooperative game, Shapley value
0308-597X
Zhao, Changping
e6cc3fc4-0cbd-4246-a50e-7eae12f718a6
Fang, Chao
7cec793b-e513-4e3f-95b9-13f7bbd43d99
Gong, Yu
86c8d37a-744d-46ab-8b43-18447ccaf39c
Lu, Zudi
4aa7d988-ac2b-4150-a586-ca92b8adda95
Zhao, Changping
e6cc3fc4-0cbd-4246-a50e-7eae12f718a6
Fang, Chao
7cec793b-e513-4e3f-95b9-13f7bbd43d99
Gong, Yu
86c8d37a-744d-46ab-8b43-18447ccaf39c
Lu, Zudi
4aa7d988-ac2b-4150-a586-ca92b8adda95

Zhao, Changping, Fang, Chao, Gong, Yu and Lu, Zudi (2019) The economic feasibility of Blue Carbon cooperation in the South China Sea region. Marine Policy, 113. (doi:10.1016/j.marpol.2019.103788).

Record type: Article

Abstract

Coastal Blue Carbon is the carbon stored in mangroves, tidal marshes and seagrass meadows. There is an urgent need to protect the coastal ecosystem by developing Blue Carbon economy. In this paper, we investigate the feasibility and mechanism of the Blue Carbon cooperation in the South China Sea Region (SCSR) from an economic angle. We utilize the paradigm of Cobb-Douglas production to stimulate Blue Carbon development and mathematically prove the feasibility of such a cooperation strategy. The Shapley value in game theory is further applied, which not only confirms the reality of this cooperation but also provides an allocation mechanism of the cooperation benefits. The results suggest that there exists a profitable opportunity for the Blue Carbon cooperation in the SCSR. Further discussion and suggestions are provided in promotion of research focus on the Blue Carbon cooperation.

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Blue carbon Marine Policy 20191121 - Accepted Manuscript
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Accepted/In Press date: 18 December 2019
e-pub ahead of print date: 28 December 2019
Keywords: Blue carbon, South China Sea, Cooperative game, Shapley value

Identifiers

Local EPrints ID: 437172
URI: http://eprints.soton.ac.uk/id/eprint/437172
ISSN: 0308-597X
PURE UUID: 6ea64127-bf81-4cdb-b1a1-1625d023f7b5
ORCID for Yu Gong: ORCID iD orcid.org/0000-0002-5411-376X
ORCID for Zudi Lu: ORCID iD orcid.org/0000-0003-0893-832X

Catalogue record

Date deposited: 21 Jan 2020 17:31
Last modified: 29 Oct 2023 07:04

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Contributors

Author: Changping Zhao
Author: Chao Fang
Author: Yu Gong ORCID iD
Author: Zudi Lu ORCID iD

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