Insight: The Relationship Between Environmental Protection & Economics Growth in China

Research Article
Open access

Insight: The Relationship Between Environmental Protection & Economics Growth in China

Yi-Jhan Hsieh 1* , Houxian Li 2 , Chengqi Ma 3 , Tianren Zhao 4 , Kelulun Bai 5
  • 1 Shanghai Experimental School International Division, Shanghai, China    
  • 2 WLSA Shanghai Academy, Shanghai, China    
  • 3 Shanghai Pinghe School, Shanghai, China    
  • 4 Shanghai Pinghe School, Shanghai, China    
  • 5 Hult International Business School, Shanghai, China    
  • *corresponding author xyz.ethanhsieh@gmail.com
Published on 21 March 2023 | https://doi.org/10.54254/2754-1169/3/2022804
AEMPS Vol.3
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-915371-15-7
ISBN (Online): 978-1-915371-16-4

Abstract

Stepping ahead into the 21st century, one alarming challenge put upon human society is to balance a healthy relationship between protecting mother earth and achieving economic growth. Back in 2017, China, one of the world’s leading superpowers, proposed its answer to the problem with the Dual Control policy package. This passage serves as an explanation of the Chinese Dual Control and as an evaluation of its true effectiveness after 5 years of implementation timespan. The research team considered short-run economic impacts as well as long-run effects of the Dual Control and eventually reached an overall appraisal concerning its rationality. The team then constructed an analytics hierarchy process (AHP) model to consolidate the prior evaluations. Specifically, the research team divided the current status into the economic part and the environmental part. For each part, the team compiled historical statistics and relatable indexes to eventually form the Environmental-Economic Index (EEI). Based on the modeling results, the team also suggested original policy recommendations to further improve the situation. Examples include the woodland preservation policy package, the build-operate-transfer model, and the feasible emission trading system currently in use by several global nations.

Keywords:

Dual Control, Economic Growth, Analytic Hierarchy Process Model, Environmental Economic Index, Environmental Protection

Hsieh,Y.;Li,H.;Ma,C.;Zhao,T.;Bai,K. (2023). Insight: The Relationship Between Environmental Protection & Economics Growth in China. Advances in Economics, Management and Political Sciences,3,345-358.
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References

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[2]. Song, Xuetao. “A Few Questions on Electricity Restrictions and the ‘Dual Control’ Policy.” Xueqiu.com, Tianfeng Securities, 28 Sept. 2021, xueqiu.com/2799399093/198998950?ivk_sa=1024320u.

[3]. Xie, Yunliang. In-Depth Interpretation on the “Dual Control” Policy. Cinda Securities, 29 Sept. 2021.

[4]. Hu, Guopeng, and Daoyu Yuan. In-Depth Interpretation of the “Dual Control” Policy. Sealand Securities, 7 Oct. 2021. International Energy Agency. “Renewables 2021.” Interna-tional Energy Agency, International Energy Agency, 2021, www.iea.org/reports/renewables-2021.

[5]. Deng, Wei. “Dual Control” Policy on the Target, the Confidence Continues to Increase. Zheshang Securities, 12 Dec. 2021.

[6]. Lai, Fuxiang. Great Supply Side Rebuild Chance for “Carbon Neutral” Spawned Products. Kaiyuan Securities, 20 Mar. 2021.

[7]. Zhongshang Information. “2021 Analysis of the Current Situation of the Renewable Energy Industry.” Zhongshang Information, Baidu, 17 Apr. 2021, baijia-hao.baidu.com/s?id=1697290162139440289&wfr=spider&for=pc.

[8]. Slide to Doc. “2 2 AGGREGATE Demand AGGREGATE Supply Macroeconomic Goals.” Slide to Doc, slidetodoc.com/2-2-aggregate-demand-aggregate-supply-macroeconomic-goals/. Accessed 19 Mar. 2022.

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[10]. Ministry of Ecology and Environment of the People's Republic of China. “National Ecosystem and Environment Statistics Report 2016-2019.” Ministry of Ecology and Environment of the People’s Republic of China, 2020, www.mee.gov.cn/hjzl/sthjzk/sthjtjnb/202012/P020201214580320276493.pdf.

[11]. Ministry of Ecology and Environment of the People’s Republic of China. “Regional Infra-structure Program Environmental Impact Evaluation.” Ministry of Ecology and Environment of the People’s Republic of China, 2016, www.mee.gov.cn/hjzl/sthjzk/sthjtjnb/202012/P020201214580320276493.pdf.

[12]. Statista. “China: GDP at Current Prices 2013-2023 | Statistic.” Statista, Statista, 2013, www.statista.com/statistics/263770/gross-domestic-product-gdp-of-china/.

[13]. Sun, Fu, and Ziyang Li. “Dual Control” Policy Interpretation. Huaxi Securities, 20 Sept. 2021.

[14]. National Bureau of Statistics. “2015 National Economics and Social Development Statistics Report.” National Bureau of Statistics, 29 Feb. 2016, www.stats.gov.cn/tjsj/zxfb/201602/t20160229_1323991.html.

[15]. Yue, Shan. “Output of the Renewable Energy Industry up to ￥110 Billion at the End of the 14th Five Year Plan.” Sohu, JinWan Newspaper, 31 July 2021, www.sohu.com/a/480574360_571524.

[16]. Ban, Juanjuan. “Green Industry Targeted Output at ￥1,100 Billion.” Economics Reference News, Economics Reference News, 6 Jan. 2022, dz.jjckb.cn/www/pages/webpage2009/html/2022-01/06/content_80583.htm.

[17]. Atasu, Atalay, et al. “The Circular Business Model.” Harvard Business Review, 1 July 2021, hbr.org/2021/07/the-circular-business-model.

[18]. Amos, Jonathon. “Climate Change: China’s Forest Carbon Uptake ‘Underestimated.’” BBC News, 28 Oct. 2020, www.bbc.com/news/science-environment-54714692.

[19]. Abdallah, Moatassem, and Abdullah Alshahri. “Optimizing Planning of Build–Operate–Transfer Projects to Maximize Investor Profit.” Canadian Journal of Civil Engineering, vol. 46, no. 1, Jan. 2019, pp. 26–37, https://doi.org/10.1139/cjce-2017-0327.

[20]. BBC. “Carbon Trading: How Does It Work?” BBC News, 25 Sept. 2015, www.bbc.com/news/science-environment-34356604.

[21]. Zhang, Yue-Jun, et al. “The Impact of Carbon Trading on Economic Output and Carbon Emissions Reduction in China’s Industrial Sectors.” Applied Energy, vol. 260, Feb. 2020, p. 114290, https://doi.org/10.1016/j.apenergy.2019.114290.

Cite this article

Hsieh,Y.;Li,H.;Ma,C.;Zhao,T.;Bai,K. (2023). Insight: The Relationship Between Environmental Protection & Economics Growth in China. Advances in Economics, Management and Political Sciences,3,345-358.

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The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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About volume

Volume title: Proceedings of the 6th International Conference on Economic Management and Green Development (ICEMGD 2022), Part Ⅰ

ISBN：978-1-915371-15-7(Print) / 978-1-915371-16-4(Online)
Editor：Javier Cifuentes-Faura, Canh Thien Dang
Conference website: https://www.icemgd.org/
Conference date: 6 August 2022
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.3
ISSN：2754-1169(Print) / 2754-1177(Online)

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References

[1]. Ritchie, Hannah, and Max Roser. “CO2 Emissions.” Our World in Data, 2020, ourworldinda-ta.org/co2-emissions#co2-emissions-by-region.

[2]. Song, Xuetao. “A Few Questions on Electricity Restrictions and the ‘Dual Control’ Policy.” Xueqiu.com, Tianfeng Securities, 28 Sept. 2021, xueqiu.com/2799399093/198998950?ivk_sa=1024320u.

[3]. Xie, Yunliang. In-Depth Interpretation on the “Dual Control” Policy. Cinda Securities, 29 Sept. 2021.

[4]. Hu, Guopeng, and Daoyu Yuan. In-Depth Interpretation of the “Dual Control” Policy. Sealand Securities, 7 Oct. 2021. International Energy Agency. “Renewables 2021.” Interna-tional Energy Agency, International Energy Agency, 2021, www.iea.org/reports/renewables-2021.

[5]. Deng, Wei. “Dual Control” Policy on the Target, the Confidence Continues to Increase. Zheshang Securities, 12 Dec. 2021.

[6]. Lai, Fuxiang. Great Supply Side Rebuild Chance for “Carbon Neutral” Spawned Products. Kaiyuan Securities, 20 Mar. 2021.

[7]. Zhongshang Information. “2021 Analysis of the Current Situation of the Renewable Energy Industry.” Zhongshang Information, Baidu, 17 Apr. 2021, baijia-hao.baidu.com/s?id=1697290162139440289&wfr=spider&for=pc.

[8]. Slide to Doc. “2 2 AGGREGATE Demand AGGREGATE Supply Macroeconomic Goals.” Slide to Doc, slidetodoc.com/2-2-aggregate-demand-aggregate-supply-macroeconomic-goals/. Accessed 19 Mar. 2022.

[9]. ChinaPower. “Is Air Quality in China a Social Problem?” ChinaPower Project, 16 Oct. 2018, chinapower.csis.org/air-quality/.

[10]. Ministry of Ecology and Environment of the People's Republic of China. “National Ecosystem and Environment Statistics Report 2016-2019.” Ministry of Ecology and Environment of the People’s Republic of China, 2020, www.mee.gov.cn/hjzl/sthjzk/sthjtjnb/202012/P020201214580320276493.pdf.

[11]. Ministry of Ecology and Environment of the People’s Republic of China. “Regional Infra-structure Program Environmental Impact Evaluation.” Ministry of Ecology and Environment of the People’s Republic of China, 2016, www.mee.gov.cn/hjzl/sthjzk/sthjtjnb/202012/P020201214580320276493.pdf.

[12]. Statista. “China: GDP at Current Prices 2013-2023 | Statistic.” Statista, Statista, 2013, www.statista.com/statistics/263770/gross-domestic-product-gdp-of-china/.

[13]. Sun, Fu, and Ziyang Li. “Dual Control” Policy Interpretation. Huaxi Securities, 20 Sept. 2021.

[14]. National Bureau of Statistics. “2015 National Economics and Social Development Statistics Report.” National Bureau of Statistics, 29 Feb. 2016, www.stats.gov.cn/tjsj/zxfb/201602/t20160229_1323991.html.

[15]. Yue, Shan. “Output of the Renewable Energy Industry up to ￥110 Billion at the End of the 14th Five Year Plan.” Sohu, JinWan Newspaper, 31 July 2021, www.sohu.com/a/480574360_571524.

[16]. Ban, Juanjuan. “Green Industry Targeted Output at ￥1,100 Billion.” Economics Reference News, Economics Reference News, 6 Jan. 2022, dz.jjckb.cn/www/pages/webpage2009/html/2022-01/06/content_80583.htm.

[17]. Atasu, Atalay, et al. “The Circular Business Model.” Harvard Business Review, 1 July 2021, hbr.org/2021/07/the-circular-business-model.

[18]. Amos, Jonathon. “Climate Change: China’s Forest Carbon Uptake ‘Underestimated.’” BBC News, 28 Oct. 2020, www.bbc.com/news/science-environment-54714692.

[19]. Abdallah, Moatassem, and Abdullah Alshahri. “Optimizing Planning of Build–Operate–Transfer Projects to Maximize Investor Profit.” Canadian Journal of Civil Engineering, vol. 46, no. 1, Jan. 2019, pp. 26–37, https://doi.org/10.1139/cjce-2017-0327.

[20]. BBC. “Carbon Trading: How Does It Work?” BBC News, 25 Sept. 2015, www.bbc.com/news/science-environment-34356604.

[21]. Zhang, Yue-Jun, et al. “The Impact of Carbon Trading on Economic Output and Carbon Emissions Reduction in China’s Industrial Sectors.” Applied Energy, vol. 260, Feb. 2020, p. 114290, https://doi.org/10.1016/j.apenergy.2019.114290.

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