LAPSE:2023.28581
Published Article
LAPSE:2023.28581
Analysis of the Gravity Movement and Decoupling State of China’s CO2 Emission Embodied in Fixed Capital Formation
April 12, 2023
Abstract
Investment is an essential engine of economic growth and a major source of China’s CO2 emission. It is therefore crucial to explore the gravity movement and decoupling state of China’s CO2 emission embodied in fixed capital formation (FCF). This study aims to estimate China’s CO2 emissions embodied in various categories of FCF by using input−output tables. The gravity model and Shapley decomposition method are used to explore the gravity movement and regional contributions for China’s CO2 emissions embodied in FCF. Then, the Tapio decoupling model and logarithmic mean Divisia index (LMDI) method are combined to uncover the decoupling relationship between CO2 emissions and economic growth embodied in FCF and the corresponding driving factors. The results show that China’s CO2 emissions embodied in FCF experienced a rapid increase during 2002−2012 and remained almost stable during 2012−2017. The gravity center for CO2 emissions embodied in FCF moved toward northwest during 2002−2015, with the northwestern region and middle Yellow River region being the main engine regions. The relations between CO2 emissions and added values embodied in various categories of FCF were weak decoupling during 2002−2017. Investment scale was the major factor inhibiting the decoupling, while embodied energy intensity was the major factor promoting the decoupling. Finally, several policy recommendations are proposed based on these findings.
Investment is an essential engine of economic growth and a major source of China’s CO2 emission. It is therefore crucial to explore the gravity movement and decoupling state of China’s CO2 emission embodied in fixed capital formation (FCF). This study aims to estimate China’s CO2 emissions embodied in various categories of FCF by using input−output tables. The gravity model and Shapley decomposition method are used to explore the gravity movement and regional contributions for China’s CO2 emissions embodied in FCF. Then, the Tapio decoupling model and logarithmic mean Divisia index (LMDI) method are combined to uncover the decoupling relationship between CO2 emissions and economic growth embodied in FCF and the corresponding driving factors. The results show that China’s CO2 emissions embodied in FCF experienced a rapid increase during 2002−2012 and remained almost stable during 2012−2017. The gravity center for CO2 emissions embodied in FCF moved toward northwest during 2002−2015, with the northwestern region and middle Yellow River region being the main engine regions. The relations between CO2 emissions and added values embodied in various categories of FCF were weak decoupling during 2002−2017. Investment scale was the major factor inhibiting the decoupling, while embodied energy intensity was the major factor promoting the decoupling. Finally, several policy recommendations are proposed based on these findings.
Record ID
Keywords
China, CO2 emissions, decoupling state, fixed capital formation, gravity movement
Subject
Suggested Citation
Zhang X, Gao Z, Geng Y, Tong YW, Kua HW, Song X, Xu Y, Wu F. Analysis of the Gravity Movement and Decoupling State of China’s CO2 Emission Embodied in Fixed Capital Formation. (2023). LAPSE:2023.28581
Author Affiliations
Zhang X: School of Environmental Science and Engineering, Shanghai Jiao Tong University, Shanghai 200240, China; Department of Chemical and Biomolecular Engineering, National University of Singapore, Singapore 119077, Singapore
Gao Z: SJTU-UNIDO Joint Institute of Inclusive and Sustainable Industrial Development, School of International and Public Affairs, Shanghai Jiao Tong University, Shanghai 200240, China [ORCID]
Geng Y: School of Environmental Science and Engineering, Shanghai Jiao Tong University, Shanghai 200240, China; SJTU-UNIDO Joint Institute of Inclusive and Sustainable Industrial Development, School of International and Public Affairs, Shanghai Jiao Tong Universi
Tong YW: Department of Chemical and Biomolecular Engineering, National University of Singapore, Singapore 119077, Singapore
Kua HW: Department of Building, School of Design and Environment, National University of Singapore, Singapore 117566, Singapore
Song X: SJTU-UNIDO Joint Institute of Inclusive and Sustainable Industrial Development, School of International and Public Affairs, Shanghai Jiao Tong University, Shanghai 200240, China; China Institute for Urban Governance, Shanghai Jiao Tong University, Shangha [ORCID]
Xu Y: School of Management and Economics, Beijing Institute of Technology, Beijing 100083, China; Center for Japanese Studies, Shanghai Jiao Tong University, Shanghai 200240, China
Wu F: Climate Policy Group, Institute for Environmental Decisions, ETH Zürich, 8006 Zürich, Switzerland
Gao Z: SJTU-UNIDO Joint Institute of Inclusive and Sustainable Industrial Development, School of International and Public Affairs, Shanghai Jiao Tong University, Shanghai 200240, China [ORCID]
Geng Y: School of Environmental Science and Engineering, Shanghai Jiao Tong University, Shanghai 200240, China; SJTU-UNIDO Joint Institute of Inclusive and Sustainable Industrial Development, School of International and Public Affairs, Shanghai Jiao Tong Universi
Tong YW: Department of Chemical and Biomolecular Engineering, National University of Singapore, Singapore 119077, Singapore
Kua HW: Department of Building, School of Design and Environment, National University of Singapore, Singapore 117566, Singapore
Song X: SJTU-UNIDO Joint Institute of Inclusive and Sustainable Industrial Development, School of International and Public Affairs, Shanghai Jiao Tong University, Shanghai 200240, China; China Institute for Urban Governance, Shanghai Jiao Tong University, Shangha [ORCID]
Xu Y: School of Management and Economics, Beijing Institute of Technology, Beijing 100083, China; Center for Japanese Studies, Shanghai Jiao Tong University, Shanghai 200240, China
Wu F: Climate Policy Group, Institute for Environmental Decisions, ETH Zürich, 8006 Zürich, Switzerland
Journal Name
Energies
Volume
13
Issue
24
Article Number
E6655
Year
2020
Publication Date
2020-12-17
ISSN
1996-1073
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PII: en13246655, Publication Type: Journal Article
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LAPSE:2023.28581
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https://doi.org/10.3390/en13246655
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