Green Low-Carbon Extraction Behavior and Realization of Carbon Rebalancing Evolution

Min Fu, Xinyu Ye, Lixin Tian () and Bingyue Wan
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Min Fu: Energy Development and Environmental Protection Strategy Research Center, Jiangsu University, Zhenjiang 212013, China
Xinyu Ye: Energy Development and Environmental Protection Strategy Research Center, Jiangsu University, Zhenjiang 212013, China
Lixin Tian: Energy Development and Environmental Protection Strategy Research Center, Jiangsu University, Zhenjiang 212013, China
Bingyue Wan: Energy Development and Environmental Protection Strategy Research Center, Jiangsu University, Zhenjiang 212013, China

Sustainability, 2023, vol. 15, issue 6, 1-36

Abstract: Within the background of carbon rebalancing, this paper introduces the absorption input of goods and the natural environment rebalancing input to study an endogenous growth model driven by green behavior, divides goods into three different types of green low-carbon goods based on their different absorption proportion of carbon, and introduces the environmental function, the rebalancing capacity of the natural environment, the absorption input of goods, carbon reduction research and development, and scientific and technological progress as special production factors into the endogenous growth model, and then studies a production model driven by special production factors. Through system analysis and optimization, this paper determines effective carbon rebalancing regulations for the economic system and obtains new endogenous growth laws. Empirical analysis based on the China Statistical Yearbook finds that the boundary number of the necessary conditions for absorption input at the economic level is 3.47848. When the absorption input is greater than or equal to the boundary number, regulations promoting carbon rebalancing are fully effective. In order to realize green development, it is important to strengthen the absorption input of goods and the rebalancing input of the natural environment.

Keywords: endogenous economic growth; green low-carbon behavior; carbon rebalancing; absorption input; green premium (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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