Transformation and Development of the Coal-Based Energy Industry Under the Goals of Carbon Peaking and Carbon Neutrality

Dalin Jiang ()
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Dalin Jiang: Energy Market Analysis and Research Department, Technology and Economics Research Institute, CHN Energy, Weilai Kejicheng, Changping District, Beijing 102209, P. R. China

Chinese Journal of Urban and Environmental Studies (CJUES), 2022, vol. 10, issue 02, 1-12

Abstract: The coal-based energy industry plays a huge role in supporting the development of a national economy. As China pledges to achieve carbon peaking and carbon neutrality goals, how to keep a balance between carbon emission reduction and coal consumption has become a serious problem and daunting challenge facing the industrial chain of coal-based energy for a long time. The prospects for the coal mining industry are increasingly limited under carbon constraints. Faced with serious challenges in its positioning and technological development, the coal-fired power industry is suffering the consequences of negative environmental externalities. Therefore, the low-carbon transformation of China’s coal-based energy industry is necessary and urgent. This paper conducts an in-depth analysis of the development status of China’s coal-based energy industry under the carbon peaking and carbon neutrality goals and the obstacles in the transformation and upgrade of the coal-based energy industry, and comes up with response strategies. The future coal-based energy industry should make full use of emerging low-carbon clean technologies such as carbon capture, utilization, and storage to achieve low-carbon transformation, and upgrade of the entire industrial chain, following the current development trends.

Keywords: Coal-based energy industry; carbon capture; utilization and storage technologies; low-carbon transformation and development (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1142/S2345748122500087

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