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Study on Energy Efficiency of Manufacturing Industry in Shandong Province in the Context of Carbon Neutrality

In: Proceedings of the 2023 5th International Conference on Economic Management and Cultural Industry (ICEMCI 2023)

Author

Listed:
  • Jing Xue

    (Linyi Qingyuan Environmental Protection Equipment Co)

  • Fumei Xue

    (Linyi Fortieth Middle School)

  • Zhen Jiang

    (Linyi Qingyuan Environmental Protection Equipment Co)

Abstract

Using the Data Envelopment Analysis (DEA) model, this article establishes an input-output indicator system to study the energy efficiency of 25 subsectors of manufacturing industries in Shandong Province. Subsequently, k-means algorithm is used for cluster analysis to classify the industry into four categories. The article finds that the overall energy use efficiency of manufacturing industries in Shandong Province is not high in 2021. Nearly two-thirds of the manufacturing industries is in the stage of increasing returns to scale, and should increase investment to obtain greater benefits. Most of the manufacturing industries in Shandong Province are of the type of low energy efficiency and low energy consumption. In the future, in order to reduce the amount of energy consumption, realize the efficient use of energy and promote the economic development, the government can take measures to improve the level of technology, optimize the industrial structure and so on.

Suggested Citation

  • Jing Xue & Fumei Xue & Zhen Jiang, 2024. "Study on Energy Efficiency of Manufacturing Industry in Shandong Province in the Context of Carbon Neutrality," Advances in Economics, Business and Management Research, in: Feng-xia Cao & Satya Narayan Singh & Ahmad Jusoh & Deepanjali Mishra (ed.), Proceedings of the 2023 5th International Conference on Economic Management and Cultural Industry (ICEMCI 2023), pages 582-589, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-368-9_69
    DOI: 10.2991/978-94-6463-368-9_69
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