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Embodied carbon emissions of foreign trade under the global financial crisis: A case study of Jiangsu province, China
China has been world's largest CO2 emitter since 2008 and the export contributes the majority of its CO2 emissions. Global financial crisis impacted China's export and probably the carbon emission. However, there is no systematic study about the impact of global financial crisis on Chinese carbon emission embodied in international trade (EET), especially from the multi-sector perspective. This research used an input–output analysis model to estimate the total embodied carbon emissions, including direct and indirect carbon emissions in foreign trade from 2005 to 2010 in Jiangsu province, one of the most developed provinces in China. In addition, this research assessed the changes of carbon emissions embodied in foreign trade during the global financial crisis and analyzed the drivers to the changes from multi-sectors using a structural decomposition analysis. Jiangsu was a province with net export emission, and the emissions of both production-based and consumption-based increased during the 2008 financial crisis. Emissions embodied in domestic final demands (CD) increased by 139.4%, while emissions embodied in exports (CE) and emissions embodied in imports (CM) decreased by 29.36% and 81.6%, respectively, from 2008 to 2009. Energy-related sectors (electric and heat power, coal mining and dressing industry, and coking and nuclear fuel processing industry) and manufacturing sector (textile industry) were the main contributors to the change the emissions embodied in international trade. The proportion of export's value of key sectors in all sectors increased annually by 60.7%, while the proportion of import's value grew annually by 55.2% during the global financial crisis. Despite the global financial crisis, the consumption demands were the main factors causing the increase of the total EET from 2008 to 2009. This study highlights the importance of reducing EET by adjusting the trade structure in Jiangsu province and other developed areas in China.
Embodied carbon emissions of foreign trade under the global financial crisis: A case study of Jiangsu province, China
China has been world's largest CO2 emitter since 2008 and the export contributes the majority of its CO2 emissions. Global financial crisis impacted China's export and probably the carbon emission. However, there is no systematic study about the impact of global financial crisis on Chinese carbon emission embodied in international trade (EET), especially from the multi-sector perspective. This research used an input–output analysis model to estimate the total embodied carbon emissions, including direct and indirect carbon emissions in foreign trade from 2005 to 2010 in Jiangsu province, one of the most developed provinces in China. In addition, this research assessed the changes of carbon emissions embodied in foreign trade during the global financial crisis and analyzed the drivers to the changes from multi-sectors using a structural decomposition analysis. Jiangsu was a province with net export emission, and the emissions of both production-based and consumption-based increased during the 2008 financial crisis. Emissions embodied in domestic final demands (CD) increased by 139.4%, while emissions embodied in exports (CE) and emissions embodied in imports (CM) decreased by 29.36% and 81.6%, respectively, from 2008 to 2009. Energy-related sectors (electric and heat power, coal mining and dressing industry, and coking and nuclear fuel processing industry) and manufacturing sector (textile industry) were the main contributors to the change the emissions embodied in international trade. The proportion of export's value of key sectors in all sectors increased annually by 60.7%, while the proportion of import's value grew annually by 55.2% during the global financial crisis. Despite the global financial crisis, the consumption demands were the main factors causing the increase of the total EET from 2008 to 2009. This study highlights the importance of reducing EET by adjusting the trade structure in Jiangsu province and other developed areas in China.
Embodied carbon emissions of foreign trade under the global financial crisis: A case study of Jiangsu province, China
Wu, Changyan (author) / Huang, Xianjin (author) / Yang, Hong (author) / Lu, Qinli (author) / Xu, Guoliang (author) / Li, Li (author) / Li, Jianbao (author)
2015-07-01
19 pages
Article (Journal)
Electronic Resource
English
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