The current situation and the driving mechanism of energy consumption in China in the context of the peak of carbon emissions in 2030

Abstract

The Chinese economy is actively switching to the use of gas in the energy sector and in the residential sector. At the same time, with the scale of the Chinese economy, coal will be in demand for a long time, since technological and economic reasons make it difficult to quickly abandon this raw material in favor of less carbon-intensive types of energy resources. China is the world's largest consumer and importer of energy resources, whose structure has long relied on the use of coal for electricity generation. Stable economic growth and the development of industrial production in the country have caused serious environmental problems associated with the emission of carbon dioxide into the atmosphere. The article discusses the main aspects of the current situation of energy consumption in China in the context of the peak of carbon emissions in 2030. The author conducted a meta-regression analysis, the results are shown in Table 1. The framework of China's climate policy is considered in detail, as well as how China will reach a peak in carbon emissions by 2030. The regression results show that all variables are significant for peak CO2 emissions, with the exception of the variable rate of decrease in the intensity of carbon emissions at the peak of carbon emissions (peakCEI), significant for the time of peak carbon emissions, with the exception of the variable paper type (PTY), impact factor (IF), classification of the share of coal at the peak of carbon emissions (yblcal) and the share of coal at the peak of carbon emissions (pnf). According to the author, in the future China should conduct in-depth research in these areas, including studying the optimal path to the carbon peak based on the cost-benefit theory, improve methods of accounting for greenhouse gas inventories, actively promote the progress of clean energy technologies, improving the quality of economic development, etc.