Research On Energy Conservation And Low-carbon Development Of China’s Extractive Industry

Facing with tighter energy constraint and serious climate problem, energy conservation and low-carbon development has attracted worldwide attention. As a the largest developing country with enormous economic output, China has and will maintain high-speed economic growth, and its energy consumption exhibit strong rigidity characteristics, which is an inevitable phenomenon during urbanization and industrialization. It is controversial that climate changes should be account for the increasing environmental pollution, but under the common awareness that carbon emissions would influence environment directly, it’s pressing and urgent to development in a sustainable low-carbon way. In 2013, the fog and haze was prevailing in China, indicating that the energy and environment problems in China have severely impact people’s living. Therefore, it’s imperative to improvement the environment and the objective of energy conservation and emission reduction should be reasonably schemed.Currently, China is in the stage of urbanization and industrialization, reducing energy consumption and carbon emission, and industrial restructuring have been advocated repeatedly by scholars and experts. However, energy consumption and carbon emission in different industries and sectors should all be taken into account when adjusting industrial structure. Among all industries, the extractive sector is a larger energy consumer by providing key energy and mineral raw materials for other sectors. Thus, it’s of great guiding significance for China’ energy conservation scheme to study the energy efficiency in extractive industry, and forecast its energy conservation potential and carbon emission reduction potentials.In this paper, the author adopts the SFA model to study provincial energy efficiency in extractive industry and founds that the overall efficiency is relatively low, and there is difference in efficiency from regions, which indicates that there’s large space for energy saving. Then the author estimate energy conservation and carbon emission reduction potentials in extractive industry, and the LMDI factor decomposition is employed to decompose carbon emission. The result show that FDI, energy price and labor productivity has significant influences on energy consumption in extractive industry, and extractive industry has considerable potential for energy saving and carbon emission reduction.