Practices of Low Carbon Economy in China: Challenges and Opportunities for Economic Development

Abstract

Global warming is a major concern in the globalized world in the aspect of industrialization. Low carbon practices are the major strategies to control global warming. Low carbon economy is the fundamental pattern of the mainstream economy in the perspective of ecology. The aim of this study is to explore the status of low carbon economy of China through assessing low carbon practices. It also finds out the challenges and opportunities of low carbon practices for sustainable economic development. An extensive literature review with meta-analysis has been done considering various indicators of low carbon practices. The study explores that China already adopted some policy, strategy, and practices regarding low carbon economy. China already set its policy regarding control of carbon emission by 2030. Research and innovation in low carbon practices, low carbon industrial structure, low carbon technology adoption and emphasizes on environmental sustainability are the major initiatives of China for low carbon economy. Major challenges regarding low carbon practices are heavy pressure on carbon emission, heavy industrialization, extensive development stream, resource endowment, unplanned industrial structure and trade, and confusion regarding industrial transformation. This study suggests that vigorous and efficient planning in industrialization, improved technology adoption, ecological consideration in every project and sufficient finance are necessary to obtain better low carbon economy in China.

Control of Material Procurement Cost of Enterprises under the Background of the Low-Carbon Economy

“…Procurement Cost It is understood literally that lower-carbon (greenhouse gas) emissions mean that in the process of economic development, companies must do their best to minimize or stop their reliance on carbon-containing fuels, for example, by improving energy efficiency, strengthening technological self-innovation, and developing new energy. e economy maintains the sustainability of development and the stability of economic growth in the process of implementing the lowcarbon path [8,9]. at is to say, the emerging concept of the low-carbon economy cannot exclude long-term economic growth, and its concept of sustainable development that takes into account social and environmental benefits undoubtedly represents the form of future economic development.…”

The Influence of Low Carbon Economy on the International Competitiveness of the Chinese Automobile Industry

“…The way of change includes two aspects, which are respectively upgrading the traditional energy vehicle-related technologies, and researching and developing new alternative fuels. Table 1 shows Hossin, Anusara, Chanthamith and Kumar's study on the impact of upgrading technologies and innovation of technologies on amount of carbon reduction [8]. This article presented that the upgrade of conventional engine technology could help reduce the amount of carbon by 20 g/km, and advanced automatic transmission and electric power steering could reduce carbon emission by 10 g/km.…”

“…This article presented that the upgrade of conventional engine technology could help reduce the amount of carbon by 20 g/km, and advanced automatic transmission and electric power steering could reduce carbon emission by 10 g/km. The amount of carbon reduction achieved by upgrading the technology related to conventional energy vehicles [8].…”

Exploring the “Green” Transformation Planning of Industrial Parks in the Era of Low Carbon Economy

“…In the era of a low-carbon economy, the green transformation planning of industrial parks is not only an important measure to achieve sustainable and healthy development, but also a necessary measure to support the establishment of a charming China and healthy industrial upgrading and transformation of the country. Relevant personnel should be able to drive the efficient promotion of green transformation planning with technological innovation and optimize the workflow and procedures by using modern information technology [2] [3]. By gradually realizing the modernization of environmental management in industrial parks, the quality and efficiency of pollution control will be continuously improved.…”