Arnaud Z. Dragicevic – Chulalongkorn University, Thailand
The study investigates the efficacy of Payments for Environmental Services (PES) in combatting climate change and biodiversity loss in bioeconomic supply chain management. Using variational inequality methods and a multi-criteria decision-making framework, we validate our claims through numerical simulations driven by an optimized machine learning algorithm. Our results demonstrate potential reductions exceeding 50% in greenhouse gas emissions and biodiversity loss. PES play a pivotal role but are not standalone; success requires a combined strategy involving an economic decoupling effect, heightened environmental awareness, and targeted incentives. Sustainable practices and resource efficiency improvements are equally vital for a substantial ecological footprint reduction.