IDEAS home Printed from https://ideas.repec.org/a/bpj/cferev/v11y2022i4p3-22n2.html
   My bibliography  Save this article

China’s High-Quality Economic Growth in the Process of Carbon Neutrality

Author

Listed:
  • Lin Boqiang

    (China Institute for Studies in Energy Policy, School of Management, Xiamen University. Xiamen, China)

Abstract

China has the largest energy system in the world, with fossil energy accounting for 84%. The carbon neutrality target calls for peaking carbon emissions by 2030 and achieving net zero carbon emissions by 2060. By then, the non-fossil energy will account for over 80% of China’s energy mix. Based on China’s national conditions, this paper makes scenario analysis of carbon peaking in 2030. The results of this paper indicate that the peak values of carbon emission in 2030 depends on both the development of clean energy and the growth of energy power demand. Therefore, the growth rate of the two should be balanced to control the peak carbon emission. High-quality economic growth in China in the context of carbon neutrality requires “double decoupling”, namely, decoupling GDP from the consumption of fossil energy and the growth of energy power demand as much as possible. To this end, this paper proposes a systematic solution considering both the demand and supply sides, with market-oriented measures that are workable for it. Ensuring the safe and stable supply of energy (power) is the basic principle of clean and low-carbon economic transformation, as well as a major challenge for energy system transformation. Therefore, it is necessary to develop a path for coal power decommissioning and low-carbon transformation in line with China’s national conditions.

Suggested Citation

  • Lin Boqiang, 2022. "China’s High-Quality Economic Growth in the Process of Carbon Neutrality," China Finance and Economic Review, De Gruyter, vol. 11(4), pages 3-22, December.
    • Handle: RePEc:bpj:cferev:v:11:y:2022:i:4:p:3-22:n:2
    DOI: 10.1515/cfer-2022-0020
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/cfer-2022-0020
    Download Restriction: no
    File URL: https://libkey.io/10.1515/cfer-2022-0020?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lin, Boqiang & Zhang, Aoxiang, 2023. "Government subsidies, market competition and the TFP of new energy enterprises," Renewable Energy, Elsevier, vol. 216(C).
    2. Yang, Gangqiang & Nie, Yiming & Li, Honggui & Wang, Haisen, 2023. "Digital transformation and low-carbon technology innovation in manufacturing firms: The mediating role of dynamic capabilities," International Journal of Production Economics, Elsevier, vol. 263(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:cferev:v:11:y:2022:i:4:p:3-22:n:2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.