Optimization path of China’s energy industry structure under low carbon economy situation

Abstract

The study discusses the main aspects of optimizing the structure of China’s energy industry in a situation with a low-carbon economy. To build a model for forecasting electricity demand, the method of partial least squares regression is used. The basic scenario and the scenario with restrictions are set taking into account the peculiarities of the development of a new normal economy. Based on the baseline scenario and the restricted scenario, the total energy demand, energy consumption structure and CO2 emissions in China are projected. Taking into account energy, economic and environmental factors, a multi-purpose optimization model of the energy consumption structure was built and the structure of China’s energy consumption and the corresponding CO2 emissions under optimization scenarios were obtained. This research describes revise the energy consumption structure in China, should reducing energy consumption and carbon dioxide emissions is very helpful.