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Development of carbon finance in China based on the hybrid MCDM method

Business

Development of carbon finance in China based on the hybrid MCDM method

S. Wu and R. Niu

This study by Shiyi Wu and Rui Niu presents a groundbreaking hybrid MCDM method that blends TOPSIS and VIKOR to rank China's carbon finance pilot cities and provinces. Discover why Guangdong and Beijing are emerging as prime investment hotspots driven by technological innovation and dynamic ETS markets, while gaining novel insights into environmental and economic development assessment.

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Playback language: English
Abstract
This paper proposes a hybrid MCDM method combining TOPSIS and VIKOR to rank Chinese carbon finance pilot cities and provinces. The study finds Guangdong and Beijing as top investment locations, highlighting the roles of technological innovation, financial development, and active ETS markets in driving carbon finance. The MCDM methodology offers new insights into environmental and economic development assessment.
Publisher
Humanities & Social Sciences Communications
Published On
Jan 01, 2024
Authors
Shiyi Wu, Rui Niu
Tags
MCDM
TOPSIS
VIKOR
carbon finance
pilot cities
investment
China
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