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With breakthroughs in big data, communication networks, artificial intelligence, and other next-generation information technologies, intelligent production methods and digital lifestyles have risen rapidly. Digital economy has become a significant force in promoting regional low-carbon development as a new economic form in the important period of the intersection of digitalization and "carbon peaking and carbon neutrality goals." This paper empirically explores the moderating role and threshold role of human capital in digital economy and regional carbon productivity by systematically measuring digital economy indicators. Research shows that China's digital economy development index is rising annually. However, the development of digital economy varies significantly between different regions. The results of moderating effect showed that human capital accumulation could dramatically strengthen the role of digital economy in promoting regional carbon productivity. The results of the threshold effect showed that human capital plays an important threshold role in the relationship between digital economy and regional carbon productivity. This paper provides a practical reference for exploring power sources, policy design, and path selection of low-carbon development. [ABSTRACT FROM AUTHOR]

With breakthroughs in big data, communication networks, artificial intelligence, and other next-generation information technologies, intelligent production methods and digital lifestyles have risen rapidly. Digital economy has become a significant force in promoting regional low-carbon development as a new economic form in the important period of the intersection of digitalization and "carbon peaking and carbon neutrality goals." This paper empirically explores the moderating role and threshold role of human capital in digital economy and regional carbon productivity by systematically measuring digital economy indicators. Research shows that China's digital economy development index is rising annually. However, the development of digital economy varies significantly between different regions. The results of moderating effect showed that human capital accumulation could dramatically strengthen the role of digital economy in promoting regional carbon productivity. The results of the threshold effect showed that human capital plays an important threshold role in the relationship between digital economy and regional carbon productivity. This paper provides a practical reference for exploring power sources, policy design, and path selection of low-carbon development. [ABSTRACT FROM AUTHOR]

With breakthroughs in big data, communication networks, artificial intelligence, and other next-generation information technologies, intelligent production methods and digital lifestyles have risen rapidly. Digital economy has become a significant force in promoting regional low-carbon development as a new economic form in the important period of the intersection of digitalization and "carbon peaking and carbon neutrality goals." This paper empirically explores the moderating role and threshold role of human capital in digital economy and regional carbon productivity by systematically measuring digital economy indicators. Research shows that China's digital economy development index is rising annually. However, the development of digital economy varies significantly between different regions. The results of moderating effect showed that human capital accumulation could dramatically strengthen the role of digital economy in promoting regional carbon productivity. The results of the threshold effect showed that human capital plays an important threshold role in the relationship between digital economy and regional carbon productivity. This paper provides a practical reference for exploring power sources, policy design, and path selection of low-carbon development. [ABSTRACT FROM AUTHOR]

China's rapid economic growth is accompanied by industrial agglomeration (IA) and environmental pollution. Although IA has played an important role in reducing environmental pollution, its effect on carbon emissions is still debatable and deserves further study. In this context, this paper constructs a two-sector general equilibrium model including households and firms to explore the mechanisms of IA on carbon emissions and finds that IA mainly affects carbon emissions through the agglomeration effect and congestion effect. Then, based on the balanced panel data for 30 Chinese provinces from 2003 to 2019, this study employs the dynamic spatial panel model to investigate the nexus between different types of IA and carbon emissions. The empirical results reveal that a significant positive spatial dependence is verified in the regional carbon emissions of China, indicating that carbon emissions exhibit a remarkably spatial spillover effect. Meanwhile, there are significant variations in the influence of different types of IA on carbon emissions. Specifically, specialized agglomeration (SA) positively affects carbon emissions, while the impact of diversified agglomeration (DA) on carbon emissions is negative, implying that China's DA may contribute to carbon emission control. In addition, there is regional heterogeneity in the effect of IA on carbon emissions, with the western region having a significantly greater effect than the eastern and central regions. Therefore, the Chinese government should follow the notion of integrating territory administration and interregional communication and formulate regionally differentiated environmental governance policies to promote carbon emission reduction in the future. [ABSTRACT FROM AUTHOR]

According to China's 14th Five-Year Development Plan, China aims to peak its carbon emissions by 2030 and achieve carbon neutral by 2060, which will be a major strategy for China to implement in the coming period of time. All kinds of industries need to take the industry characteristics into account and gradually form relative carbon reduction targets according to the National Carbon Summit Action Program. Under the constraints of carbon emission reduction, enterprises face trade-off when making emission reduction decisions. How to systematically optimize the profitable and environmentally friendly decisions, under the consideration of carbon emission production, is gradually becoming a main concern of regulated enterprises. In this paper, a Cournot game model is constructed to explore optimal production carbon abatement decisions for two oligopolistic firms, under the governance of a cap-and-trade mechanism. Real case data collected from China's airlines is an example to test the validity of our model. The qualitative analysis shows that, through a reasonable output and emission reduction investment, companies are capable of efficiently minimizing the negative impact brought about by the carbon trading system. A numerical experiment indicates that the companies on one side can reach a decision equilibrium in some circumstances, but on the other side, there exists a lack of incentive to reduce their emissions. Additional government incentives or increased investment in technological improvements will be needed to encourage companies to further reduce carbon emissions. In this paper, while analyzing the choice of emission reduction strategy for enterprises under the carbon trading system, it also provides effective emission reduction approaches for the government and industry managers, hoping to provide some references for the establishment of emission reduction system and policy formulation. [ABSTRACT FROM AUTHOR]

Since China's reform and opening up, the social economy has achieved rapid development, followed by a sharp increase in carbon dioxide (CO2) emissions. Therefore, at the 75th United Nations General Assembly, China proposed to achieve carbon peaking by 2030 and carbon neutrality by 2060. The research work on advance forecasting of CO2 emissions is essential to achieve the above-mentioned carbon peaking and carbon neutrality goals in China. In order to achieve accurate prediction of CO2 emissions, this study establishes a hybrid intelligent algorithm model suitable for CO2 emissions prediction based on China's CO2 emissions and related socioeconomic indicator data from 1971 to 2017. The hyperparameters of Least Squares Support Vector Regression (LSSVR) are optimized by the Adaptive Artificial Bee Colony (AABC) algorithm to build a high-performance hybrid intelligence model. The research results show that the hybrid intelligent algorithm model designed in this paper has stronger robustness and accuracy with relative error almost within ±5% in the advance prediction of CO2 emissions. The modeling scheme proposed in this study can not only provide strong support for the Chinese government and industry departments to formulate policies related to the carbon peaking and carbon neutrality goals, but also can be extended to the research of other socioeconomic-related issues. [ABSTRACT FROM AUTHOR]

This review proposes a performance evaluation system of low-carbon economic development based on multiobjective analysis in low-carbon environment. This is a modeling method combining super efficiency and relaxation-based measurement model (super-SBM model), which can effectively measure green innovation efficiency with unexpected outputs and traditional innovation efficiency without unexpected outputs. Using the Malmquist–Luenberger index method to dynamically analyze the efficiency of green innovation, a multiobjective model is obtained, including economic scheduling target considering wind power cost and low-carbon scheduling target considering carbon trading. The efficiency of green innovation considering unexpected output is obviously lower than that of traditional innovation without considering unexpected output. This phenomenon is more pronounced in some areas of central and western China. Technical efficiency improves the innovation level of environmental protection economy in China and the impact of technological progress is greater than that of technical efficiency. In this review, the output super SBM model is used to study the development of China's low-carbon industry, and the correlation between the prediction model and the performance change of low-carbon economic development is analyzed. The Malmquist–Luenberger (ML) index of environmental protection product development efficiency in China is not less than 1. Due to the improvement of the efficiency of scientific and technological development, the combination of the two will eventually lead to the improvement of the development of green products and environmental economic products in China. Combining with the empirical analysis, this paper puts forward some methods to promote the low-carbon economy in the economic zone. [ABSTRACT FROM AUTHOR]

In China, driven by the national "3060" double carbon targets (i.e., reaching peak carbon emissions by 2030 and carbon neutrality by 2060), green housing has become one of the major fields to reduce carbon emissions, facilitating the achievement of the double carbon targets. Promoting the growth of green housing is an important way for the real estate industry to achieve low-carbon transformation and improve the quality of housing. Meanwhile, the construction industry also can benefit from green housing to achieve its energy conservation and emission reduction targets. Therefore, it is critical to boost and maintain the sustainable growth of the green housing market in China. However, the literature has not focused attention on the market behavior of the green housing market in China. This study proposes a tripartite evolutionary game model to investigate the subject behavior of the green housing market in China. This model consists of three major subjects in a green housing market: developers, consumers, and governments. Based on this model, this study analyzes the stability of the strategy options for each stakeholder and identifies the stable conditions of strategy portfolios to reach the equilibrium points of the game system. The validity of the proposed tripartite evolutionary game model is tested through the simulation of the impacts from various factors on system evolution. According to the impacts of factors and the stable conditions of strategies, this paper puts forward relevant policy suggestions for the healthy and sustainable growth of China's green housing market. [ABSTRACT FROM AUTHOR]

This paper carries out the quasi-natural experiment on China's carbon emissions trading pilot policy to assess the impact of China's carbon emissions trading pilot policy on the export product quality of enterprises in the pilot areas by using the data of listed companies and China Customs, and employing the DDD method. Meanwhile, it analyzes the heterogeneity of the impact under different ownership attributes and energy-intensive attributes of enterprises. The empirical results are as follows. First, due to the implementation of the carbon emissions trading pilot policy, the enterprises in the included industries bear the emission reduction cost. The export product quality of the enterprises in the included industries in the pilot areas is negatively affected compared with that of nonincluded enterprises in the nonpilot areas. Second, the impact of the carbon emissions trading pilot policy on the export product quality of enterprises may be heterogeneous due to the different ownership attributes of enterprises. The carbon emissions trading pilot policy significantly reduces the export product quality of non-state-owned enterprises, but has no significant effect on state-owned enterprises. Third, the impact of the carbon emissions trading pilot policy on the export product quality of enterprises is heterogeneous due to different energy-intensive attributes of enterprises. The carbon emissions trading pilot policy significantly reduces the export product quality of enterprises in energy-intensive industries, but it does not have a significant impact on enterprises in non-energy-intensive industries. [ABSTRACT FROM AUTHOR]

Aiming at the problem of insufficient peak shaving capacity of the power system after large-scale renewable energy such as wind power and photovoltaics is connected to the grid, a new energy-pumped storage combined system low-carbon economic operation strategy is proposed. First, the energy storage characteristics of pumped storage are studied; wind power and photovoltaic output are shifted in time and space; and a new energy-pumped storage combined system model with photovoltaics, wind power, and pumped storage as the main body is established. Second, the carbon trading mechanism was introduced, and the reward and punishment ladder carbon trading cost model was established. Then, via the new energy-pumped storage combined system, the upper optimization target with the smallest investment cost and the lower optimization target with the largest system benefit are established, and a two-layer optimization model solution method based on linearly decreasing inertia weight particle swarm optimization and sequential quadratic programming algorithm is proposed. Finally, via the operating data of a pumped storage power station on an island in northern China, the new energy-pumped storage combined system low-carbon economic operation strategy was simulated and verified. The simulation results show that the low-carbon economic operation strategy of the new energy-pumped storage combined system proposed in this paper can effectively suppress load fluctuations, reduce the impact of wind and wind anti-peak regulation characteristics on the power grid, increase the utilization rate of renewable energy, and improve system economy. [ABSTRACT FROM AUTHOR]

Driven by the emission peak and carbon neutrality targets, traditional cruising taxis are also under pressure to reduce emissions, and reducing taxi vacant time is an effective way to reduce emissions. This paper aims to examine the influence mechanism of built environment characteristics on vacant time of taxi trips from the supply-side perspective. To do so, the study uses a one week of taxi trajectory data of 2019 provided by a taxi company in Chongqing, a megacity in China. We take the divided square grid cell as the study units, calculate the taxi vacant time of 168 (7 × 24) hourly slots for each grid, and then calculate the built environment indicators of the grids with Point of Interest (POI) and vector road network data. A generalized additive model (GAM) based on panel data is constructed to investigate the influence mechanism of built environment on taxi vacant time. The results show that the time-varying trend of taxi vacant time is opposite to the time-varying trend of taxi trips and is similar to taxi trips in spatial distribution with significant spatial dependence. Taxi vacant time is negatively correlated with taxi trips. POI mixture, the number of enterprises, governmental agencies, and shopping services are negatively correlated with vacant time, while the number of sports and leisure services, hotel services, healthcare services, financial and insurance services, and living services are positively correlated with vacant time. An interesting finding is that metro stations significantly increase the vacant taxi time in the region. Average traffic flow speed, road density, the number of bus stops, catering services, residence communities, and motor vehicle services show strong nonlinear relationships with taxi vacant time, and their influence effects are alternately positive and negative. The study provides useful insights for understanding mechanisms of the role of built environment on taxi vacant time and has important implications for driver searching strategy improvement, taxi management measures development, spatial and temporal scheduling of taxi capacity resources, and urban transportation facilities layout planning. [ABSTRACT FROM AUTHOR]

China has already committed to peaking carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060 (referred to as the 30·60 Target), which has brought both daunting challenges and great opportunities to the automobile industry in China. However, there is still a lack of comprehensive and in-depth studies on the challenges, paths, and strategies for reducing carbon emissions to fulfill the 30·60 Target in automobile industries. Therefore, this paper proposes low-carbon development strategies for China's automobile industry. This study's method is to integrate the results from different literature to summarize the status, challenges, opportunities, and refine the coping strategies for carbon emission of the automobile industry. The results indicated that the paths for achieving the 30·60 Target include joint carbon emission reduction by upstream and downstream enterprises inside the industry. It also needs cross-industry and cross-sector coordinated decarbonization outside the industry. Meanwhile, the low-carbon policy and regulation system should be established to provide a direct driving force and fundamental guarantee for the low-carbon development of China's automobile industry. [ABSTRACT FROM AUTHOR]

To achieve the goal of carbon dioxide emission reduction in 2030 promised to the United Nations, China unified the Carbon Trading System (CTS) in 2017 since carbon dioxide quota allocation is one of the core issues of carbon trading. It is imperative to establish a flexible carbon quota allocation system based on the unbalanced characteristics of resource endowment and economic development in different regions. Unlike previous distribution research, this paper considers five principles, which are fairness principle, efficiency principle, feasibility principle, development principle, and innovation principle. The maximum deviation method is used to research the carbon emission quota allocation in 30 provinces of China, and the results are compared with those under the single principle and the information entropy method. The results reveal that the distribution under the single principle is severely unbalanced, making the region have a strong sense of relative deprivation. The maximum deviation method is better than the information entropy method to achieve carbon intensity by 2030. It is also conducive to promote the coordinated development of the regional economy, narrow the poverty gap, and achieve sustainable development. [ABSTRACT FROM AUTHOR]

With the development of carbon market, the complex dynamic relationship between electricity and carbon market has become the focus of energy research area. In this paper, we applied a new developed multifractal detrended cross-correlation analysis method to investigate the cross-correlation and multifractality between electricity and carbon markets. We analyze the daily return of electricity and carbon prices over a period of 6 years to do the research. The results show that, firstly, we find that there is a strong negative correlation between domestic carbon price and electricity price and a significant cross-correlation between the return series of electricity and carbon markets. Secondly, through multifractal detrended fluctuation analysis, it is proven that there are obvious multifractal characteristics in the return series of electricity and carbon markets, and the results of traditional linear analysis are unreliable. We also find that, based on multifractal detrended cross-correlation analysis, the law cross-correlation between electricity and carbon markets exists significantly. The long-range correlation of small fluctuations and large fluctuations and the fat tail distribution of return series are the reasons for the formation of multifractality. [ABSTRACT FROM AUTHOR]

To achieve the emission reduction target in 2020, China plans to establish a nationwide carbon trading market during 2016–2019. It is therefore an important but difficult task for policymakers to set emission allowances and allocate them among entities. There are three alternative allocation rules, which vary from free of charge to full auctioning. For business managers, the question is whether one of these rules meets the emission cap at the minimum cost. Based on China’s emission-abatement target, this paper examines the optimal investment and analyzes its implementation in different allocation rules. A new model is developed to formulate enterprises’ emission reduction pathways and the cost-minimization problem with the emission cap. The results show that the magnitude of enterprises’ emission reduction is positively related to their innovation potential; neither auctioning nor being free of charge can make enterprise’s individual emission-abatement investment in accordance with the optimal level; enterprise’s individual emission-abatement investment is sensitive to efficiency, budget cap, and environmental benefit. This paper discusses simultaneously their policy implications for China. [ABSTRACT FROM AUTHOR]

Climate change is one of the defining challenges facing the planet. Voluntary forest carbon offset project which has the potential to boost forest carbon storage and mitigate global warming has aroused the global concern. The objective of this paper is to model the game situation and analyze the game behaviors of stakeholders of voluntary forest carbon offset projects in China. A stakeholder model and a Power-Benefit Matrix are constructed to analyze the roles, behaviors, and conflicts of stakeholders including farmers, planting entities, communities, government, and China Green Carbon Foundation. The empirical analysis results show that although the stakeholders have diverse interests and different goals, a win-win solution is still possible through their joint participation and compromise in the voluntary forest carbon offset project. A wide governance structure laying emphasis on benefit balance, equality, and information exchanges and being regulated by all stakeholders has been constructed. It facilitates the agreement among the stakeholders with conflicting or different interests. The joint participation of stakeholders in voluntary forest carbon offset projects might change the government-dominated afforestation/reforestation into a market, where all participators including government are encouraged to cooperate with each other to improve the condition of fund shortage and low efficiency. [ABSTRACT FROM AUTHOR]