TITLE:
The Necessity and Feasibility of the Guangdong-Hong Kong-Macao Greater Bay Area to Achieve the Dual Carbon Target and Practice Path Research
AUTHORS:
Qing Guo, Wenlan You, Keying Hu, Ziyu He
KEYWORDS:
Guangdong, Hong Kong, Macao and the Greater Bay Area, Carbon Peaking, Carbon Neutrality
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.10 No.13,
December
15,
2022
ABSTRACT: In the face of the severe situation of global warming, at the 75th
session of the United Nations General Assembly in 2020, the Chinese government
made a commitment to achieve carbon peaking by 2030 and carbon neutrality by
2060, fully demonstrating its role as a great nation. As one of the regions
with the highest level of economic development and openness to the outside
world, the Guangdong-Hong Kong-Macao Greater Bay Area has a good foundation to
take the lead in achieving the double carbon target. The article first
explained the reasons why the Guangdong-Hong Kong-Macao Greater Bay Area must
promote the achievement of peak carbon and carbon neutrality from the perspective
of necessity. Then we
analyzed the favorable conditions for the Greater Bay Area to achieve the
dual-carbon goal from the perspective of feasibility. Finally, we proposed five
practical paths to achieve peak carbon and carbon neutrality: namely, to continuously
promote the structural reform on the supply side, optimize the industrial
structure system, and vigorously develop the tertiary industry; to make the
best use of local conditions and gather synergies to strengthen the coordinated
development of regional low-carbon; and to optimize the development of the
tertiary industry. The company also proposes to strengthen regional low-carbon
coordinated development; optimize energy production and consumption structure,
improve energy utilization efficiency and conserve energy; build green finance,
learn from advanced experience and empower low-carbon energy-saving industries;
establish a total carbon control mechanism, build a national unified carbon
market and improve the carbon trading market system.