Macao University of Tourism Scholar participated in National Natural Science Foundation of China Project on Green Transformation



Assistant Professor Dr. Don Wu from the Macao University of Tourism (UTM) has successfully secured funding as a key participant in a project titled "Risk Management and Green Policy Synergy for Manufacturing Green Transformation under Dual Risks," supported by the National Natural Science Foundation of China (NSFC). The project is led by Professor Chiu Chun-Hung from the School of Business at Sun Yat-sen University, with Dr. Wu serving as the co-investigator.

The research focuses on the "dual risks" hindering the green transformation of the manufacturing industry—uncertainty in the performance of carbon reduction technologies and volatility in carbon market pricing. By developing a "government-insurance service-oriented supply chain system," the project aims to investigate the role of carbon insurance in mitigating transition risks, incentivizing emission reduction investments, and systematically examine the synergistic effects and practical applications of integrating carbon insurance with technological subsidies and carbon allowance trading policies. The outcomes are expected to provide theoretical and decision-making support for governments to design efficient and risk-controllable green policy packages, facilitating the low-carbon transition of the manufacturing sector.

Professor Chiu, the principal investigator, highlighted the essential role played by Dr. Wu. "Dr. Wu’s expertise in tourism economics and predictive modeling has provided critical support for complex risk modeling and policy simulation within the project," he stated.

This achievement not only extends the application of supply chain risk management into the intersection of environmental policy and green finance but also demonstrates the active involvement and cross-disciplinary research impact of UTM faculty.

The NSFC is one of China’s most prestigious funding mechanisms for basic and applied research, known for its rigorous and highly competitive review process. The approval of this project marks a significant breakthrough for UTM in the field of green economy and sustainable development policy research, underscoring the university’s capacity to engage in national-level major research initiatives.

UTM has always emphasized the integration of research and teaching, actively encouraging faculty to participate in cutting-edge interdisciplinary collaborations. Moving forward, the university will continue to support high-level research projects, promote academic innovation and community service, and contribute expertise and momentum to the green development of Macao and the nation.
Back