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China can peak its energy-related carbon emissions before 2025: Evidence from industry restructuring

Author

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  • Yu, Shiwei
  • Zheng, Shuhong
  • Li, Xia
  • Li, Longxi
Abstract
China has committed to a peak in carbon dioxide emissions circa 2030. However, current policies cannot meet this ambitious goal. Adjusting its energy-intensive, heavy and chemical-based industrial structure is not only the main way China can change its economic growth pattern but also a key policy strategy to achieve its carbon emission peak goal. In addition to carbon emissions goals, economic growth and employment security must be considered for China's development in the context of addressing climate change. Hence, by proposing a new economic-carbon emission-employment multi-objective optimization model, we take a different approach to analyze China's emissions trajectory. The optimized results show that China's energy-related carbon dioxide emissions could peak between 2022 and 2025, most likely in 2023, with CO2 emissions of 11.21–11.56 Gt. When pursuing this peak (from 2013 to 2030), China could still maintain an average growth of approximately 6.1 to 6.4% yr−1 for GDP and approximately 0.24% to 0.51% yr−1 for employment. Furthermore, China's coal consumption has peaked in 2013 while oil would be peaked around 2023 to 2025, based on the optimized industrial structure adjustment trajectory from 2013 to 2030.

Suggested Citation

  • Yu, Shiwei & Zheng, Shuhong & Li, Xia & Li, Longxi, 2018. "China can peak its energy-related carbon emissions before 2025: Evidence from industry restructuring," Energy Economics, Elsevier, vol. 73(C), pages 91-107.
    • Handle: RePEc:eee:eneeco:v:73:y:2018:i:c:p:91-107
    DOI: 10.1016/j.eneco.2018.05.012
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    More about this item

    Keywords

    Carbon emissions; Peak; Industrial structure; Multi-objective optimization;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • L0 - Industrial Organization - - General
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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