Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 52 , 01 December 2023
Open
Access | Article
China’s Carbon Neutrality Policies: Economic Impact on Corporations, Challenges, and Recommendations
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Abstract
The This paper delves into China’s ambitious pursuit of carbon neutrality by 2060, aligning with the Paris Agreement’s global climate objectives, while acknowledging its status as the largest greenhouse gas emitter. The comprehensive analysis explores China’s evolving policies aimed at achieving carbon peaking and emission reduction within its industrial and manufacturing sectors, crucial contributors to its emissions profile. These policies emphasize a shift towards green and low-carbon practices, necessitating multifaceted transformations in industrial structure, energy consumption, and technological adoption. The paper underscores the intricate challenges posed by global economic dynamics, technological uncertainties, and potential social impacts in China’s carbon neutrality journey, particularly in establishing effective carbon penalties that strike the right balance between emissions reduction and economic stability. To address these challenges, the paper offers strategic policy recommendations, including talent attraction, research promotion, ESG investing, clean technology investment, and international collaboration, emphasizing interdisciplinary approaches and knowledge-sharing. In conclusion, China’s commitment to carbon neutrality signifies a significant stride towards global climate action, and while challenges persist, the nation's resolute policies and collaborative endeavors hold the promise of a transformative and sustainable future for both its economy and the global environment.
Keywords
carbon neutrality, challenges and recommendations, economic transformation, climate change mitigation
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-151-3
- ISBN (Online)
- 978-1-83558-152-0
- Published Date
- 01 December 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/52/20230712
- Copyright
- 01 December 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited