Research on the Current Situation and Economic Development Trends of China's Energy Economy Structure: Taking Shandong Province as an Example

Abstract

Shandong Province is a province with strong economic growth and high energy consumption in China. The energy consumption structure is mainly composed of coal and oil. While the regional GDP is increasing with each passing year, carbon emissions are also increasing year by year, and carbon emissions are mainly concentrated in high energy consuming industries. Coal plays a very significant part in the growth of social economy and has become a necessity for people's production and life. The coal based chemical industry is one of the six leading industries of Shandong Energy Group. The coal chemical industry is a significant component of China's energy construction, and how to improve the quality and efficient utilization of coal chemical products is currently the focus of close attention in the coal chemical industry. Promoting economic transformation and upgrading, as well as energy structure adjustment, is a necessary path for China to achieve the objective of "carbon peaking and carbon neutrality". Carbon peaking and carbon neutrality "is the main foundation and new engine for China's economic and social growth in the next 40 years, which will inevitably drive systematic changes such as low-carbon transformation, structural reshaping, and technological innovation in the energy industry. This article takes Shandong Province as an example to study the current situation of China's energy economy structure and economic development trends.