Technical gazette, Vol. 31 No. 4, 2024.
Original scientific paper
https://doi.org/10.17559/TV-20240110001257
Research on the Path of Energy Economy Transformation under the Goal of Carbon Neutrality
Dongli Yang
; School of Marxism, China University of Geosciences Beijing, Beijing, 100083, China
*
Rongfan Ma
; Teaching and research section of basic principles of Marxism, Party School of the Yuncheng Committee of the Communist Party of China, ShanXi Yuncheng, 044000, China
Renshu Kuang
; Beijing Eeo Education Technology Co., Ltd., Beijing, 100190, China
* Corresponding author.
Abstract
Considering the urgent global issues brought out by climate change, several countries have made "carbon neutrality" the centerpiece of national policies, aiming for a world free of carbon emissions. Environmental laws (R.L.) and breakthroughs in renewable energy technology (RET) are essential to achieving carbon neutrality goals, which are central to this transition. Using pane figures from 30 Chinese provinces between 1998 and 2020, this research adopts a spatial E-Model to explore the interrelated effects of R.I. and RET on green sustainability. It also makes use of theoretical frameworks and empirical data. The results show that if R.I. may not directly improve the local and surrounding environmental quality, it helps reduce CO2 emissions, especially when economic growth is above the key threshold of 9.126, shown by an "inverted U-shaped" connection in the curve. On the other hand, although RET positively impacts the environment, its effectiveness in reducing carbon emissions decreases if economic growth is above the 8.790 threshold. As a result, the research highlights the dependence of R.I. and RET's carbon reduction benefits on area, underscoring the need for a sophisticated policy strategy that considers economic development levels. This study aims to help policymakers develop comprehensive plans for promoting environmental sustainability, especially within the specific circumstances of the Chinese area.
Keywords
carbon neutrality; climate change; economic growth; energy economy; environmental sustainability
Hrčak ID:
318496
URI
Publication date:
27.6.2024.
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