Table 6 Formation mechanisms of low-carbon policies and their impact on market dynamics.

From: Stability analysis of carbon emission trading mechanism in China based on a tripartite evolutionary game

Equilibrium Point

Government Strategy

Enterprise Strategy

Consumer Preference

Formation Mechanism

E8(1,1,1)

Implements low-carbon policy

Actively reduces emissions

Preference for low-carbon products

The government reduces enterprise emission reduction costs through subsidies and discourages non-compliant behavior with penalties. Enterprises benefit from low-carbon policies and are driven by consumer preferences to adopt green transformations. High consumer preference reinforces market dynamics

E3(0,1,0)

No low-carbon policy

Actively reduces emissions

No preference for low-carbon products

The government refrains from implementing low-carbon policies due to high regulatory costs. Enterprises, driven by market pressure or carbon prices, choose to reduce emissions. Consumers show negligible demand for low-carbon products

E4(1,1,0)

Implements low-carbon policy

Actively reduces emissions

No preference for low-carbon products

The government incentivizes enterprises through subsidies and penalties to engage in emission reduction, but insufficient consumer demand prevents full market alignment

E6(0,1,1)

No low-carbon policy

Actively reduces emissions

Preference for low-carbon products

The government avoids intervention due to high regulatory costs. Consumer preferences and the herd effect drive enterprises to adopt green transformations. Enterprises profit from low-carbon technologies and market-driven mechanisms