How Can China Achieve the Emission Reduction Target According to the International Climate Conference?

Abstract

The paper analyzes the relationship among Chinese per-capita emissions, the substitute rate of new energy and per capita of GDP from 1980 to 2018, by using multivariate analysis framework, which the result shows: the three variables can move forward simultaneously with cointegration in a long run. On the premise of constant 8% of economic growth rate, and then for the purpose of achieving the emission reduction targets of 2020, it is essential that the average annual rate of carbon reduction should be maintained between 3.3% and 3.9%, and the average substitute rate of new energy should be maintained 11.56% to 12.45%.