Abstract
Global warming is a major concern in the globalized world in the aspect of industrialization. Low carbon practices are the major strategies to control global warming. Low carbon economy is the fundamental pattern of the mainstream economy in the perspective of ecology. The aim of this study is to explore the status of low carbon economy of China through assessing low carbon practices. It also finds out the challenges and opportunities of low carbon practices for sustainable economic development. An extensive literature review with meta-analysis has been done considering various indicators of low carbon practices. The study explores that China already adopted some policy, strategy, and practices regarding low carbon economy. China already set its policy regarding control of carbon emission by 2030. Research and innovation in low carbon practices, low carbon industrial structure, low carbon technology adoption and emphasizes on environmental sustainability are the major initiatives of China for low carbon economy. Major challenges regarding low carbon practices are heavy pressure on carbon emission, heavy industrialization, extensive development stream, resource endowment, unplanned industrial structure and trade, and confusion regarding industrial transformation. This study suggests that vigorous and efficient planning in industrialization, improved technology adoption, ecological consideration in every project and sufficient finance are necessary to obtain better low carbon economy in China.
Highlights
Carbon dioxide (CO2) emission control is the top priority issue for civilization
Fossil fuels are the main source of Green House Gas (GHG) emission which covers more than 80% global energy consumption
The article reveals that China already adopted policies, strategies and practices related to low carbon economic development
Summary
Carbon dioxide (CO2) emission control is the top priority issue for civilization. Climate change is the result of excessive CO2 emission. Green House Gas (GHG) and CO2 emission are mattered for climate change and effects on the social, political and economic matters. This issue is undoubtedly a great concern in the globalized world. Low carbon economy achievement is a global challenge which can protect climate change effects. This study contributes to discipline in items of theory and practices by exploring practices, challenges and opportunities of LCE for China as well as other developing and developed countries It is beneficial for the practitioners, policymakers, and researcher to design future low carbon strategy plan and program for achieving low carbon economy
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