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Analysis of the Impact of China's Carbon Neutrality Policy on the Environment and Economy at Home and Abroad
- 1 Zhejiang University, Yuhangtang Road, Hangzhou, China Department of Environmental Science
* Author to whom correspondence should be addressed.
Abstract
China has made remarkable achievements in reducing greenhouse gas emissions, especially in achieving the emission reduction targets set for 2020. This progress is mainly due to China's reduced dependence on coal and other fossil fuels, which not only promotes significant improvements in air quality but also lays the foundation for the transformation of China's economic structure. Especially in the energy and industrial fields, carbon neutrality policies are driving companies to transform into greener and more sustainable operating models. Facing the economic challenges brought about by the COVID-19 epidemic, China is actively seeking a path to low-carbon economic recovery by increasing public investment in renewable energy and other fields. From an international perspective, China's carbon neutrality commitment has the potential to inspire other large carbon-emitting countries, especially countries along the Belt and Road and neighboring countries, to strengthen their emission reduction efforts. At the same time, Southeast Asian countries face shortages of technology, equipment, and raw materials, as well as insufficient investment when developing renewable energy. In this regard, China’s experience and investment have a significant impact on Southeast Asian countries’ carbon neutrality policies and renewable energy development. China can use its technological and manufacturing advantages to share resources with neighboring countries in renewable energy technology and equipment manufacturing, and provide support for ASEAN countries to achieve their renewable energy goals.
Keywords
China, carbon neutrality, climate, economy, Southeast Asia
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Cite this article
Zang,Z. (2024). Analysis of the Impact of China's Carbon Neutrality Policy on the Environment and Economy at Home and Abroad. Advances in Economics, Management and Political Sciences,112,38-46.
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