Risk identification, evaluation and response of low-carbon technological innovation under the global value chain: A case of the Chinese manufacturing industry

This paper analyzes the risk of low-carbon technological innovation in emerging economies under globalization, by integrating the method of global value chain (GVC) and technological innovation linear progress into a new analytical framework. Based on the proposed framework, this research is conducted from three perspectives — research and development risk, manufacturing risk and marketing risk. Subsequently, on the basis of the constructed risk evaluation index system, using the Analytic Hierarchy Process (AHP) and a comprehensive evaluation method based on triangular fuzzy numbers, this paper evaluates the risk of low-carbon technological innovation under the GVC in the Chinese manufacturing industry. The results show that the global low-carbon manufacturing risk ranged between low and moderate, while the global low-carbon research and development risk, and the global marketing risk ranged between moderate and high. In accordance with these results, this paper puts forward a decision making process of risk response modes and the corresponding risk response strategies for Chinese manufacturers. •We combine the GVC framework with technological innovation linear progress model.•We show the key risks of low-carbon technological innovation under the GVC.•We propose several risk response strategies of low-carbon technological innovation.