Advances in Economics, Management and Political Sciences

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Proceedings of the 7th International Conference on Economic Management and Green Development

Series Vol. 35 , 10 November 2023


Open Access | Article

The Impact of Carbon-neutral Planning on China's Economy

Yingjie Zheng * 1
1 Syracuse University

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 35, 55-62
Published 10 November 2023. © 2023 The Author(s). Published by EWA Publishing
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.
Citation Yingjie Zheng. The Impact of Carbon-neutral Planning on China's Economy. AEMPS (2023) Vol. 35: 55-62. DOI: 10.54254/2754-1169/35/20231724.

Abstract

After China put forward the development goal of carbon neutralization and peak carbon, new energy power such as wind power, hydroelectric power, and solar power are undergoing booming development. The plan of carbon neutrality not only has environmental values but also has great economic values for China’s economy. This paper will study the topic from the following aspects: Literature review, carbon neutrality development in China, potential impacts of carbon neutrality on the Chinese economy, and the economic impact outlook. The transition to carbon neutrality brings great benefits for China despite its challenges. This study focuses especially on new energy resources by analyzing the real changes that took place in China in recent years on the way to achieve carbon neutrality. Given the fact that China is still in a critical stage of development, energy storage is of great importance to China. It is no doubt that China’s transition to new energy resources is a huge driver for its economic growth and economic boom.

Keywords

China, carbon-neutrality, new energy, economic

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 7th International Conference on Economic Management and Green Development
ISBN (Print)
978-1-83558-091-2
ISBN (Online)
978-1-83558-092-9
Published Date
10 November 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/35/20231724
Copyright
© 2023 The Author(s)
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

Copyright © 2023 EWA Publishing. Unless Otherwise Stated