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Peaking Carbon Emissions in a Megacity through Economic Restructuring: A Case Study of Shenzhen, China

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  • Yang Yang

    (School of Economics and Management, Harbin Institute of Technology, Shenzhen, Shenzhen 518055, China
    Shenzhen Humanities & Social Sciences Key Research Base for Carbon Emission Peaking and Carbon Neutral Technology, Policy, and Management, Harbin Institute of Technology, Shenzhen 518055, China)

  • Fan He

    (School of Economics and Management, Harbin Institute of Technology, Shenzhen, Shenzhen 518055, China
    Shenzhen Humanities & Social Sciences Key Research Base for Carbon Emission Peaking and Carbon Neutral Technology, Policy, and Management, Harbin Institute of Technology, Shenzhen 518055, China)

  • Junping Ji

    (School of Economics and Management, Harbin Institute of Technology, Shenzhen, Shenzhen 518055, China
    Shenzhen Humanities & Social Sciences Key Research Base for Carbon Emission Peaking and Carbon Neutral Technology, Policy, and Management, Harbin Institute of Technology, Shenzhen 518055, China)

  • Xin Liu

    (School of Environment and Energy, Peking University Shenzhen Graduate School, University Town, Shenzhen 518055, China)

Abstract

With the growing cost of carbon emissions reduction, the application of industrial restructuring to suppress carbon emissions is becoming more attractive. By constructing an input-output optimization model, this study explored how industrial restructuring helps megacities synergistically achieve carbon peak and high-quality development. The results showed that through contributing 164.4% of the reduction in emissions from 2020 to 2025, industrial structure optimization significantly inhibited the growth of carbon emissions; From 2020 to 2025, the manufacturing structure continued to be high-end, which resulted in a reduction in industrial carbon emissions by 10.3%; through vigorous development of the low-carbon service industry, the carbon emission of the service industry would continue to slow down at an average annual rate of 2.4%. Industrial premiumization and the low-carbonization of the modern service sector are the key driving forces for Shenzhen to achieve low-carbon transformation. The results also showed that the power and retail sectors are the most important for emissions reduction. This study can provide a roadmap for megacities on how to explore potential emission reduction via optimizing their economic structure to help them achieve their carbon emissions peak.

Suggested Citation

  • Yang Yang & Fan He & Junping Ji & Xin Liu, 2022. "Peaking Carbon Emissions in a Megacity through Economic Restructuring: A Case Study of Shenzhen, China," Energies, MDPI, vol. 15(19), pages 1-24, September.
    • Handle: RePEc:gam:jeners:v:15:y:2022:i:19:p:6932-:d:921685
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    Cited by:

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    3. Yuan Zeng & Wengang Zhang & Jingwen Sun & Li’ao Sun & Jun Wu, 2023. "Research on Regional Carbon Emission Reduction in the Beijing–Tianjin–Hebei Urban Agglomeration Based on System Dynamics: Key Factors and Policy Analysis," Energies, MDPI, vol. 16(18), pages 1-20, September.
    4. Caifen Xu & Yu Zhang & Yangmeina Yang & Huiying Gao, 2023. "Carbon Peak Scenario Simulation of Manufacturing Carbon Emissions in Northeast China: Perspective of Structure Optimization," Energies, MDPI, vol. 16(13), pages 1-31, July.
    5. Jinxing Hu & Cuiying Shao & Zhaolong Zhang, 2022. "The Impact of Sustainable Regional Development Policy on Carbon Emissions: Evidence from Yangtze River Delta of China," Energies, MDPI, vol. 15(24), pages 1-25, December.

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