1. How to achieve a low-carbon transition in the heavy industry? A nonlinear perspective.
- Author
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Xu, Bin and Chen, Jianbao
- Subjects
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CARBON dioxide , *REAL estate management , *BUSINESS cycles , *CLEAN energy industries , *REAL estate business - Abstract
The heavy industry is the main source of CO 2 emissions. Examining the influencing factors of the heavy industry's CO 2 emissions is essential for this industry to achieve a low-carbon transition. Existing research literature often assumes that the relationship between the influencing factors and CO 2 emissions is linear. In fact, most economic phenomena are characterized by fluctuations, due to the influence of business cycles. This often leads to more likely nonlinear relationships between economic variables. This paper uses nonparametric additive regression model to investigate CO 2 emissions from China's heavy industry. The empirical findings show that economic growth, urbanization, and energy efficiency exert a "first promotion, then restriction" inverted "U-shaped" nonlinear effect on CO 2 emissions. To complicate matters further, energy consumption structure and export dependence have an "N-shaped" nonlinear effect on CO 2 emissions. Therefore, in the early stage, the government should actively optimize the industrial structure, strengthen the management of the real estate industry, and expand R&D investment. In the long run, the government should subsidize the heavy industry to expand clean energy consumption, and provide tax incentives to support the export of high-tech industrial products. • This article examines CO 2 emissions in China's heavy industry. • Economic growth exerts an inverted "U-shaped" effect on CO 2 emissions. • Energy consumption structure has an "N-shaped" effect on CO 2 emissions. • Energy efficiency produces an inverted "U-shaped" effect on CO 2 emissions. [ABSTRACT FROM AUTHOR]
- Published
- 2021
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