Barrier analysis for carbon regulatory environmental policies implementation in manufacturing supply chains to achieve zero carbon

Abstract

Many pressing challenges that perennially affect countries today are those related to environmental sustainability. As major entities, business organizations play a primal role in boosting the economy, stakeholders are increasingly under pressure to achieve net zero emissions. However, in emerging economies, these entities are scarcely inclined towards implementation of newer environmental policies as they're oblivious to perils of excessive carbon emissions and its consequences. Therefore, it is essential to look for sustainability measures to secure a system that reduces the carbon footprint and ultimately reaches a zero-carbon future. This research proposes a method to identify and assess the barriers of carbon regulatory policies (CRPs) so that advancements in carbon emission reduction practices can be pursued; we present a specific focus on developing nations. An integrated multi-criteria decision-making approach is proposed to achieve environmental sustainability. Initially, the Best Worst Method is used to determine the relative importance of the barriers in the implementation of regulatory policies. Subsequently, we utilize Decision Making Trial and Evaluation Laboratory to establish interrelationships among the barriers of carbon policies. To elucidate the application of the proposed novel framework, a case considering multiple manufacturing firms with multiple stakeholders in India is examined.