TITLE:
Practices of Low Carbon Economy in China: Challenges and Opportunities for Economic Development
AUTHORS:
Md. Nazirul Islam Sarker, Md. Altab Hossin, Jhensanam Anusara, Bouasone Chanthamith, Nitin Kumar
KEYWORDS:
Global Warming, Climate Change, Low Carbon Economy, Sustainable
JOURNAL NAME:
Low Carbon Economy,
Vol.9 No.1,
March
13,
2018
ABSTRACT: Global warming is a major concern in the globalized
world in the aspect of industrialization. Low carbon practices are the major
strategies to control global warming. Low carbon economy is the fundamental
pattern of the mainstream economy in the perspective of ecology. The aim of
this study is to explore the status of low carbon economy of China through
assessing low carbon practices. It also finds out the challenges and
opportunities of low carbon practices for sustainable economic development. An
extensive literature review with meta-analysis has been done considering
various indicators of low carbon practices. The study explores that China
already adopted some policy, strategy, and practices regarding low carbon
economy. China already set its policy regarding control of carbon emission by
2030. Research and innovation in low carbon practices, low carbon industrial
structure, low carbon technology adoption and emphasizes on environmental
sustainability are the major initiatives of China for low carbon economy. Major challenges regarding low carbon practices are
heavy pressure on carbon emission, heavy industrialization, extensive
development stream, resource endowment, unplanned industrial structure and
trade, and confusion regarding industrial transformation. This study suggests
that vigorous and efficient planning in industrialization, improved
technology adoption, ecological consideration in every project and sufficient
finance are necessary to obtain better low carbon economy in China.