Influencing factors of carbon emissions in China's oil and gas exploitation industry under dual carbon goals

Abstract

Under the context of dual carbon strategic development goal, the petroleum and petrochemical industry is confronting with rigorous challenge from carbon reduction. Especially for the oil & gas exploration with large energy consumption in China, it is of practical importance to study the relation of the development of oil & gas exploitation with carbon emissions and its influencing factors.Herein, a combination of Kaya identity and generalized divisia index method(GDIM) was adopted to decompose various driving factors affecting carbon emissions in the oil & gas exploration industry. Then, the Tapio decoupling index model was established to analyze the decoupling effect of key factors influencing carbon emissions. Besides, the new model was used to analyze the carbon emissions in the oil & gas exploration industry in Xinjiang from 2010 to 2020. On this basis, it is concluded that the investment scale, output scale and energy consumption scale of China's oil and gas exploitation industry are highly positively correlated with carbon emissions, with respective contribution of 61.24%, 20.79% and 17.97% to the emissions. Meanwhile, the investment carbon intensity and output carbon intensity have a strong inhibitory effect on carbon emissions of oil & gas exploitation system, with respective contribution of -58.95% and -20.89% to carbon emission reduction. Moreover, the carbon emissions show the decoupling effect from the investment scale and output scale in most years, but it is still an expansionary negative decoupling at present. Under the new strategy pursuing for energy security, the oil & gas industry is seeking for the increase in reserves and production. Hence, the emphasis on innovation, energy saving and consumption reduction,the optimization of energy consumption structure and the integration of oil & gas and new energy are the most realistic and effective ways to achieve carbon emission reduction in the industry.

Keywords

• dual-carbon goal
• oil & gas extraction industry
• carbon emissions
• influencing factor
• decoupling effect