Nature Environment and Pollution Technology

Guo Ping ¹

Affiliations
1 School of Economics and Management, Shijiazhuang Tiedao University, Shijiazhuang, 050043, CN

Abstract

After decade years of economic development, the energy industry played an important role in the national economy in China. But also it brought more troublesome problems - the gradual deterioration of the environment and increasing pressure to reduce emissions. We have to face the reality that carbon emission in China has been ranked first in the world. Therefore, the control of carbon emissions will be a top priority, and the progress in this respect will bring advantages in the world. This paper analysed the characteristics of carbon emissions in the energy industry, studied the relationship between Chinese economic growth, energy intensity and energy industrial investment through the multivariate regression model. It concludes that: (1) There is an inverse relation between energy intensity and GDP, which shows that economic growth of China can be achieved in reducing carbon emissions. (2) Energy industrial fixed assets investment to GDP shows a positive correlation, indicating that the energy industry fixed assets investment has a stimulating effect on the Chinese economy. (3) Carbon emissions and investment in the energy industry has been changing in the opposite direction. More investment in energy, the less carbon emissions, indicating that the Chinese energy economy has transformed, invest to low-carbon and efficient energy industry.

Keywords

Energy Industry, Carbon Emissions, Low Carbon Economy, Economic Growth.

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