Does the Development of New Energy Vehicles Promote Carbon Neutralization?: Case Studies in China

Does the Development of New Energy Vehicles Promote Carbon Neutralization?: Case Studies in China

Poshan Yu, Shucai Xu, Ziling Cheng, Michael Sampat
DOI: 10.4018/978-1-6684-4829-8.ch006
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Abstract

This chapter aims to study whether and how current practices based on the development of new energy vehicles can help promote carbon neutrality in China and in turn contribute to the improvement of global issues related to climate change. Meanwhile, this chapter will explore the role of the government in promoting the development of new energy vehicles in the aspect of sustainable development through policies. How do these institutions promote the development of new energy vehicles in various companies and different provinces in China? How will these developments in turn affect stakeholders in various sectors? This chapter will investigate the impact of China's devotion to the field of new energy vehicles on the sustainable development and low-carbon economy issue. Cases from China will be used to illustrate the improvement the new energy vehicle will make to the low-carbon economy. This chapter will provide suggestions for the government to deal with the problems that occur in the field of new energy vehicles and solve the confronted problems in the aspect of climate change.
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Climate Change, Sustainable Development And China Under Citespace Analysis

Considering the current situation, slowing down global warming should be on the top of humanity's agenda. Effective actions must be taken as soon as possible to avoid further damage (1850–1900) (He et al., 2022).

Simultaneously, the global climate report 2020 issued by the World Meteorological Organization points out that the concentration of major global greenhouse gases will continue to rise in 2020, and the global average temperature is about 1.2 centigrade higher than that before industrialization (Ahmad & Hossain, 2015). Due to global warming, risks such as extreme weather disasters and the outbreak of global infectious diseases may occur, which will hinder economic development and exacerbate geopolitical tensions.

With the analysis conducted by CiteSpace, some relevance can be figured out with the keyword Climate change (Figure 1). Air quality, CO2 emission, and CO2 reduction are highly related to the topic. Furthermore, with the combination of the frequency of the terms, energy consumption can be involved. Hence, the following parts will investigate the impact of China's devotion to the field of NEVs on the sustainable development & low-carbon economy issue.

In response to global climate change, 175 countries around the world signed the Paris Agreement in April 2016, committing to limit the rise in global average temperatures to less than 2 degrees Celsius compared to pre-industrial times (Jin, 2021).

Afterwards, at the 75th session of the United Nations General Assembly in September 2020, Chinese President Xi Jinping announced that “carbon dioxide emissions will strive to peak by 2030, and efforts will be made to achieve carbon neutrality by 2060”.

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