Carbon emissions trading is an effective instrument in reducing greenhouse gas emissions. There is a notable scarcity of comprehensive reviews on the modelling techniques within carbon trading research in construction.
This paper reviews 68 relevant articles published in 19 peer-reviewed journals using systematic search. Scientometric analysis and content analysis are undertaken.
Generally, China was the largest contributor to carbon trading research using quantitative models (representing 36% of the total articles). From the results, the modelling techniques identified were multi-objective grasshopper optimisation algorithm; system dynamics; interpretive structural modelling; multi-agent-based model; decision-support model; multi-objective chaotic sine cosine algorithm; optimised backpropagation neural network; sequential panel selection method; Granger causality test; and impulse response analysis. Moreover, the advantages and disadvantages of these techniques were identified. System dynamics was recommended as the most suitable modelling technique for carbon trading in construction.
This study is significant, and through this review paper, practitioners can easily be more familiar with the significant modelling techniques, and this will motivate them to better understand their uses.
