IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i14p8513-d860619.html
   My bibliography  Save this article

Analysis of Carbon Emission Reduction in International Civil Aviation through the Lens of Shared Triple Bottom Line Value Creation

Author

Listed:
  • Hong Guan

    (School of Global Governance, Beijing Institute of Technology, Beijing 100081, China)

  • Hao Liu

    (School of Global Governance, Beijing Institute of Technology, Beijing 100081, China)

  • Raafat George Saadé

    (School of Global Governance, Beijing Institute of Technology, Beijing 100081, China)

Abstract

Overall, climate concerns have been on the global agenda for many years now. However, the aviation sector’s impact on climate change has been receiving increased attention recently. This is primarily due to the adoption of the 2016 carbon offsetting and reduction scheme for international civil aviation (CORSIA) which was introduced by the international civil aviation organization (ICAO). The aims of our study are to analyze ICAO’s carbon offsetting reduction scheme through the lens of the triple bottom line (TBL) value creation dimensions and to explore implementation issues relevant to its success and alignment between regulatory and commercial capabilities. Findings from our analysis were presented to a pilot focus group to further our understanding of the area. After cross-examination of the carbon emission reduction implementation issues against the TBL dimensions, we show the gap between regulatory schemes and the realities of the sustainable commercial aviation sector to meet climate goals. By highlighting the regulatory versus commercial social capabilities, our study illuminates the dimensions which need to be considered in regulatory practice, emphasizing the necessity for commercial sustainability. We finally provide recommendations to be considered for the successful implementation of CORSIA.

Suggested Citation

  • Hong Guan & Hao Liu & Raafat George Saadé, 2022. "Analysis of Carbon Emission Reduction in International Civil Aviation through the Lens of Shared Triple Bottom Line Value Creation," Sustainability, MDPI, vol. 14(14), pages 1-21, July.
  • Handle: RePEc:gam:jsusta:v:14:y:2022:i:14:p:8513-:d:860619
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/14/8513/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/14/14/8513/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Scheelhaase, Janina & Maertens, Sven & Grimme, Wolfgang & Jung, Martin, 2018. "EU ETS versus CORSIA – A critical assessment of two approaches to limit air transport's CO2 emissions by market-based measures," Journal of Air Transport Management, Elsevier, vol. 67(C), pages 55-62.
    2. O’Connell, Adrian & Kousoulidou, Marina & Lonza, Laura & Weindorf, Werner, 2019. "Considerations on GHG emissions and energy balances of promising aviation biofuel pathways," Renewable and Sustainable Energy Reviews, Elsevier, vol. 101(C), pages 504-515.
    3. Prussi, Matteo & Lee, Uisung & Wang, Michael & Malina, Robert & Valin, Hugo & Taheripour, Farzad & Velarde, César & Staples, Mark D. & Lonza, Laura & Hileman, James I., 2021. "CORSIA: The first internationally adopted approach to calculate life-cycle GHG emissions for aviation fuels," Renewable and Sustainable Energy Reviews, Elsevier, vol. 150(C).
    4. Jean-Paul Ceron & John Broderick & Paul Upham & Ghislain Dubois & Paul Peeters & Wolfgang Strasdas, 2007. "Voluntary carbon offsetting schemes for aviation : efficiency and dredibility," Post-Print hal-00527632, HAL.
    5. Wendy L. Tate & Lydia Bals, 2018. "Achieving Shared Triple Bottom Line (TBL) Value Creation: Toward a Social Resource-Based View (SRBV) of the Firm," Journal of Business Ethics, Springer, vol. 152(3), pages 803-826, October.
    6. Meredith Fowlie & Mar Reguant & Stephen P. Ryan, 2016. "Market-Based Emissions Regulation and Industry Dynamics," Journal of Political Economy, University of Chicago Press, vol. 124(1), pages 249-302.
    7. Wan, Xiang & Zou, Li & Dresner, Martin, 2009. "Assessing the price effects of airline alliances on parallel routes," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 45(4), pages 627-641, July.
    8. Zheng, Shiyuan & Ge, Ying-En & Fu, Xiaowen & Jiang, Changmin, 2019. "Voluntary carbon offset and airline alliance," Transportation Research Part B: Methodological, Elsevier, vol. 123(C), pages 110-126.
    9. Krzysztof Dembek & Prakash Singh & Vikram Bhakoo, 2016. "Literature Review of Shared Value: A Theoretical Concept or a Management Buzzword?," Journal of Business Ethics, Springer, vol. 137(2), pages 231-267, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Guan, Hong & Saadé, Raafat George & Liu, Hao, 2024. "Empirical analysis of Manager's perceptions towards aviation carbon emissions reduction," Journal of Air Transport Management, Elsevier, vol. 114(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Seber, Gonca & Escobar, Neus & Valin, Hugo & Malina, Robert, 2022. "Uncertainty in life cycle greenhouse gas emissions of sustainable aviation fuels from vegetable oils," Renewable and Sustainable Energy Reviews, Elsevier, vol. 170(C).
    2. Addisu A. Lashitew & Somendra Narayan & Eugenia Rosca & Lydia Bals, 2022. "Creating Social Value for the ‘Base of the Pyramid’: An Integrative Review and Research Agenda," Journal of Business Ethics, Springer, vol. 178(2), pages 445-466, June.
    3. Gray, Nathan & O'Shea, Richard & Smyth, Beatrice & Lens, Piet N.L. & Murphy, Jerry D., 2024. "The role of direct air carbon capture in decarbonising aviation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 199(C).
    4. Kang, Yicheng & Liao, Sha & Jiang, Changmin & D’Alfonso, Tiziana, 2022. "Synthetic control methods for policy analysis: Evaluating the effect of the European Emission Trading System on aviation supply," Transportation Research Part A: Policy and Practice, Elsevier, vol. 162(C), pages 236-252.
    5. Md Arif Hasan & Abdullah Al Mamun & Syed Masiur Rahman & Karim Malik & Md. Iqram Uddin Al Amran & Abu Nasser Khondaker & Omer Reshi & Surya Prakash Tiwari & Fahad Saleh Alismail, 2021. "Climate Change Mitigation Pathways for the Aviation Sector," Sustainability, MDPI, vol. 13(7), pages 1-29, March.
    6. Ambec, Stefan & Esposito, Federico & Pacelli, Antonia, 2024. "The economics of carbon leakage mitigation policies," Journal of Environmental Economics and Management, Elsevier, vol. 125(C).
    7. João P. Pita & Cynthia Barnhart & António P. Antunes, 2013. "Integrated Flight Scheduling and Fleet Assignment Under Airport Congestion," Transportation Science, INFORMS, vol. 47(4), pages 477-492, November.
    8. Md. Rabiul Islam & Syed Zabid Hossain, 2019. "Conceptual mapping of shared value creation by the private commercial banks in Bangladesh," Asian Journal of Sustainability and Social Responsibility, Springer, vol. 4(1), pages 1-20, December.
    9. Jonathan Colmer & Ralf Martin & Mirabelle Muûls & Ulrich J. Wagner, 2020. "Does pricing carbon mitigate climate change? Firm-level evidence from the European Union emissions trading scheme," CEP Discussion Papers dp1728, Centre for Economic Performance, LSE.
    10. C. Lanier Benkard & Przemyslaw Jeziorski & Gabriel Y. Weintraub, 2013. "Oblivious Equilibrium for Concentrated Industries," NBER Working Papers 19307, National Bureau of Economic Research, Inc.
    11. Morlotti, Chiara & Redondi, Renato, 2023. "The impact of COVID-19 on airlines’ price curves," Journal of Air Transport Management, Elsevier, vol. 107(C).
    12. Md. Ahashan Habib & Md. Rezaul Karim & Marzia Dulal & Mohammad Shayekh Munir, 2022. "Impact of Institutional Pressure on Cleaner Production and Sustainable Firm Performance," Sustainability, MDPI, vol. 14(24), pages 1-25, December.
    13. Meunier, Guy & Ponssard, Jean-Pierre & Quirion, Philippe, 2014. "Carbon leakage and capacity-based allocations: Is the EU right?," Journal of Environmental Economics and Management, Elsevier, vol. 68(2), pages 262-279.
    14. Sven Maertens & Wolfgang Grimme & Janina Scheelhaase & Martin Jung, 2019. "Options to Continue the EU ETS for Aviation in a CORSIA-World," Sustainability, MDPI, vol. 11(20), pages 1-19, October.
    15. Marcelo Royo-Vela & Jonathan Cuevas Lizama, 2022. "Creating Shared Value: Exploration in an Entrepreneurial Ecosystem," Sustainability, MDPI, vol. 14(14), pages 1-23, July.
    16. Jonathan T. Hawkins-Pierot & Katherine R. H. Wagner, 2022. "Technology Lock-In and Optimal Carbon Pricing," CESifo Working Paper Series 9762, CESifo.
    17. Martinsson, Gustav & Sajtos, László & Strömberg, Per & Thomann, Christian, 2022. "Carbon Pricing and Firm-Level CO2 Abatement: Evidence from a Quarter of a Century-Long Panel," Misum Working Paper Series 2022-10, Stockholm School of Economics, Mistra Center for Sustainable Markets (Misum).
    18. Jean-Philippe Nicolaï & Jorge Zamorano, 2018. "Windfall Profits Under Pollution Permits and Output-Based Allocation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 69(4), pages 661-691, April.
    19. O'Connell, Martin & Smith, Kate, 2020. "Corrective Tax Design and Market Power," CEPR Discussion Papers 14582, C.E.P.R. Discussion Papers.
    20. Joseph S. Shapiro & Reed Walker, 2018. "Why Is Pollution from US Manufacturing Declining? The Roles of Environmental Regulation, Productivity, and Trade," American Economic Review, American Economic Association, vol. 108(12), pages 3814-3854, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:14:y:2022:i:14:p:8513-:d:860619. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.