Impact of industrial 4.0 on environment along with correlation between economic growth and carbon emissions

Lei Jiang (), Sachin Rambhau Sakhare () and Mandeep Kaur ()
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Lei Jiang: Shandong Foreign Trade Vocational College
Sachin Rambhau Sakhare: Vishwakarma Institute of Information Technology
Mandeep Kaur: Savitribai Phule Pune University

International Journal of System Assurance Engineering and Management, 2022, vol. 13, issue 1, No 42, 415-423

Abstract: Abstract The German industry originates and uses the concept of industry 4.0 for the effective production. In today’s scenario, the technologies like the Internet of Things (IoT), cyber-physical systems and the emergence of industries have negative impact on environmental sustainability. While continuing to further economic growth, China provokes the dual experiment of reducing utilization of energy. The types of technological and financial opportunities are affected by the improvement in economic growth. In order to deal with the increasingly prominent energy constraints and increasingly serious problems in the economic and social development, this paper uses the grey theory which can contract with the little information and uncertainty in the system, and establishes the GM (1, 1) prediction model for carbon emissions prediction and the added value of various industries in China. All the experiments are done by using MATLAB. It is observed from the results that the carbon emissions under LC and ELC scenarios will decrease by 18.87% and 36.82% respectively as compared with Bau scenario. The conclusion confirmations that the carbon emissions of various industries in China are on the rise, and the carbon emissions will be greatly reduced by 2030.

Keywords: Industry 4.0; Carbon emission; Economic growth; Environmental Kuznets curve; Bau scenario; Financial and energy policy; Environment (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s13198-021-01456-6

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