Analysing the Impact of Low-Carbon Economy on International Trade of China

Abstract

Developing a low-carbon economy plays an important role in China. This energy structure that relies too much on coal resources has become an important factor restricting the sustainable development of Chinas economy and society. Therefore, developing a low-carbon economy can effectively avoid the drawbacks of Chinas reliance on high carbon energy. However, there are many adverse effects and difficulties in exploring low-carbon energy. This paper analyzes the multi-dimensional impact of over-reliance on high-carbon energy on the structural adjustment of the energy industry, less developed areas and the transportation industry. Government should realize the requirements of low-carbon technology funds and it needs to deal with the sufferings. The overall impact of low carbon on international economy and trade make issues more prominent. To deal with these problems, the measures suggested in this article are to reduce dependence on multiple levels, improve technical level and capabilities, strengthen international cooperation and exchanges, jointly formulate policies to make carbon emissions more standardized, and optimize research and development costs to reduce unnecessary expenses and government financial support.