The Game Model of Blue Carbon Collaboration along MSR—From the Regret Theory Perspective

Abstract

Ocean pollution and global warming are two pressing environmental problems exacerbated by human economic behavior. Building a blue carbon cooperation platform along the Maritime Silk Road (MSR) to promote sustainable development of countries along the route is of practical value to solving these two problems. Based on the analysis and review of the latest research on blue carbon, cooperative game and MSR, Weber’s law and regret theory are introduced to establish an economic model of blue carbon international cooperation, which proves the economic feasibility of blue carbon cooperation along MSR. The influence of psychological factors on the decision making of blue carbon international cooperation is also discussed. In addition, the measures to promote international cooperation are also discussed according to the current situation of marine blue carbon resources.

A Systematic Review and Global Trends on Blue Carbon and Sustainable Development: A Bibliometric Study from 2012 to 2023

“…By utilizing and investing blue carbon as a source of climate finance, we are able to fill the finance gap associated with ocean sustainability [102,140]. The sequestration of blue carbon must be quantitatively evaluated and exchanged in order to become an economically viable product [256].…”

“…Despite the lack of formal recognition within the climate process, communities of practitioners have served as networked constituencies (such as the Blue Carbon Partnership) [140]. An economic model of blue carbon international cooperation proves the economic feasibility of blue carbon cooperation [256]. There is a high likelihood that not all countries will participate in blue carbon international cooperation, but sub-alliance groups of multiple countries should be considered [256].…”

“…An economic model of blue carbon international cooperation proves the economic feasibility of blue carbon cooperation [256]. There is a high likelihood that not all countries will participate in blue carbon international cooperation, but sub-alliance groups of multiple countries should be considered [256]. According to the IPCC report, the global carbon footprint is increasing [14].…”