A technology-driven way to carbon peak and its impact mechanism

Abstract

Based on Green Slow model, this paper builds a framework to achieve carbon peak driven by manufacturing, energy-conservation and energy substitution technology concurrently.Through a panel dataset from 2000 to 2018 at the province level, we find that the increasing carbon emissions effects from manufacturing technology are primarily due to increased levels of disposable income resulting from technological advances applied in production, which increases the demand for energy consumption and results in the emission of more carbon dioxide. China's carbon emissions have been significantly reduced by energy-conservation and energy-substitution technology, which reduce the amount of fossil energy used in the generation of clean energy while increasing its share. These results suggest that to achieve carbon peak and further improve the carbon reduction effect of energy-conservation and fossil fuel alternatives technologies, local governments should strive to create an enabling environment for technology development.