Research on Hebei Province’s Iron and Steel Industry Transformation from the Perspective of Low-Carbon Economy

Abstract

With the gradual rise of a low-carbon economy, the continuous expansion of Hebei’s steel industry and the extensive development of enterprises have brought about a series of serious environmental problems. In this context, the transformation of Hebei’s steel industry is imperative. This article takes the perspective of low-carbon economy as an entry point to study the development of the iron and steel industry in Hebei Province. Based on the theory of low-carbon economy, by drawing on the research results of predecessors and searching for relevant industry data, it restores the development of the iron and steel industry in Hebei Province. The author builds an econometric model to analyze the reasons for the high energy consumption, high pollution, high emission and low benefit development characteristics of Hebei iron and steel industry, finds out the problems that hinder Hebei iron and steel industry from low-carbon transformation, and puts forward scientific suggestions for the development of Hebei iron and steel industry.