Empitical Analysis Of The Relationship Between Energy Consumption Carbon Emissions And Economic Growth In Shanghai

The global warming has taken a serious impact to the developmentof global social economic, and even has begun to threaten human’ssurvival and development. China is the biggest energy producer andconsumer countries in world, is also the biggest CO₂emitters, we willface a more difficult obligations of CO₂emission reduction. Therefore,there has been a great significance in energy saving and emissionreduction, through the studying on relationship between economicgrowth and energy consumption and carbon emissions, and choosingreasonable mode of economic growth and industrialization. Shanghai isat the forefront of economic development in our country, we shouldplay an exemplary role of developing the low carbon economy,reducing carbon emissions as model, and take responsibility ofreducing carbon emissions positively for our country. So we shouldfurther study on the relationship between economic growth and energyconsumption and carbon emissions, and explore the constraintconditions of energy saving and emission reduction, and further foundthe space and direction of energy saving and emission reductionwithout harm economic growth.This paper aims to study the situation of energy consumption,carbon emissions and economic growth from overall, and then analyzethere are relationships between energy consumption, carbon emissionsand economic growth or not in Shanghai from the multiple perspectives,if there are what kind of relationship exists, and put forward somecountermeasures of achieving a low carbon economy and energysaving and emission reduction, in order to promote the sustainabledevelopment of Shanghai economy, and realize modernization targetwith less resource consumption and relatively low carbon emissions, tomake efforts and contributions of slow down global climate change constantly.Firstly, through a simple statistical analysis of energy consumption,carbon dioxide emissions and economic growth in Shanghai, this paperconcluded that the energy consumption and carbon emissions hasmaintained a trend of high speed increments with the economicgrowth since1989. But the structure of the energy consumption is alsodifficult to a significant change in a short time; it is mainly because offocusing on the second industry in the past, and requiring largeamounts of carbon-based energy. Therefore the economic growth inShanghai is at the expense of a huge amount of energy consumptionand carbon emissions.And then this paper constructs a VAR model which contains threevariables of carbon dioxide emissions, energy consumption andeconomic growth, and study the relationships between them. We finallyachieve that they are first-order difference stationary series, and thereare cointegrating relationships between them, GDP and energyconsumption per increased by1%, the carbon dioxide emissions isincreased by0.293657%and1.265701%respectively, also the mainfactors of energy consumption is carbon emissions. And we also getthat energy consumption and economic growth are the cause ofcarbon dioxide emissions from a granger causality test, and energyconsumption is the reasons for the economic growth. Theserelationships are basically in line with our general knowledge ofeconomics but also with the actual situation in Shanghai.Finally, this paper puts forward some policy suggestions on the basisof the above study, hoping to provide a little help for changingeconomic growth mode from extensive to intensive restructuring andimproving the quality of economic growth in Shanghai: adjustingenergy consumption structure, adjusting the industrial structure andimplementing the market mechanism of carbon tax and carbon trading.