Abstract
The overabundance of carbon emissions is widely considered as a serious world problem. This paper focuses on analyzing the influence of economic factors on carbon emissions. Based on the traditional STIRPAT model, in terms of the “pollution haven hypothesis” and “pollution halo hypothesis”, this paper employs the dynamic panel data model to explore the impact of economic elements such as economic growth, population, foreign direct investment and others on carbon emissions. Based on our research, China’s urban carbon emissions do not follow the inverted U-shaped hypothesis of the traditional EKC curve theory and presents an inverted N-type. Moreover, current foreign direct investment increases the carbon emissions of Chinese cities due to the “implicit trade carbon”. However, during the lagging period of one phase, it significantly reduced urban carbon emissions. In addition, the lag of one period of carbon emissions statistically led to carbon emissions at the current stage. According to the empirical analysis results, this paper proposes some reasonable improvements for carbon dioxide emission reduction, which have certain reference values for other developing countries facing similar carbon emission reduction challenges.
Highlights
How the economy sustains development under the dual effects of limited energy resources and environmental pollution is one of the most interesting research areas in macroeconomics and resource energy economics
China’s clean energy data show that the proportion of clean energy and renewable energy production such as hydropower, nuclear power and wind power in total energy production increased from 3.1% in 1978 to 10.3% in 2012 (Data Resources: National Bureau of Statistics of People’s Republic of China)
The purpose of this paper is to sum up a series of exploratory research work, investigating the characteristics of carbon emissions based on urban aspects in China, exploring the specific relationship between carbon emissions and economic growth, and identifying the key factors of emissions to rationalize energy conservation and emission reduction policies for all cities in China and to effectively formulate and implement the necessary empirical support and decision-making basis
Summary
How the economy sustains development under the dual effects of limited energy resources and environmental pollution is one of the most interesting research areas in macroeconomics and resource energy economics. Renewable energy is considered to be an important factor input in future sustainable development. The European Union has set itself the ambitious target of increasing the share of renewable sources in final energy consumption to 20% by 2020 (Data Resources: https://ec.europa.eu/clima/policies/ strategies/2020_en). In the largest energy-consuming countries, China has increasingly paid attention to sustainable development and increased the development and utilization of renewable energy. China’s clean energy data show that the proportion of clean energy and renewable energy production such as hydropower, nuclear power and wind power in total energy production increased from 3.1% in 1978 to 10.3% in 2012 (Data Resources: National Bureau of Statistics of People’s Republic of China). Its power generation energy structure continues to be optimized (Data Resources: National Bureau of Statistics of People’s Republic of China)
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