Research on the Impact of Low-carbon Economy on the Development of China’s Foreign Trade

Abstract

Focusing on high energy and low emissions, the low-carbon economic revolution in the fields of industry, energy, technology, and commerce has brought barriers such as carbon tariffs and carbon labels to the international trade process. Based on the data from 2006 to 2021, this paper explores the impact of low-carbon economy on China’s foreign trade development from five levels: low-carbon production technology level, RMB exchange rate, financing capacity, force majeure trade obstacles, and national system. The results show that the improvement of technological level is positively correlated with the export of goods trade, the level of the RMB exchange rate is negatively correlated with the export of goods trade, the financing ability is positively correlated with the export of goods trade, the trade obstacle of force majeure is negatively correlated with the export of goods, and the promotion effect of the national system is not significant.