Arnaud Z. Dragicevic
Chulalongkorn University
Thailand
Dynamic Games and Applications Seminar
Assessing the Impact of Payments for Environmental Services on a Bioeconomic Supply Chain Equilibrium
November 16, 11:00 AM — 12:00 PM (Montreal time)
The study investigates the efficacy of Payments for Environmental Services (PES) in combatting climate change and biodiversity loss in bioeconomic supply chain management. Using variational inequality methods and a multi-criteria decision-making framework, we validate our claims through numerical simulations driven by an optimized machine learning algorithm. Our results demonstrate potential reductions exceeding 50% in greenhouse gas emissions and biodiversity loss. PES play a pivotal role but are not standalone; success requires a combined strategy involving an economic decoupling effect, heightened environmental awareness, and targeted incentives. Sustainable practices and resource efficiency improvements are equally vital for a substantial ecological footprint reduction.