Journal Article

How megacities can achieve carbon peak through structural adjustments: an input–output perspective

Ji, Junping, He, Daojing, Wang, Dong, Yang, Yang, Wang, Yiqi, Huang, Qisheng

2024

Overview

There is still a huge gap between the emissions pathways of megacities and the pathways to meeting the targets set by the Paris agreement. Compared with technological emission reductions, structural emission reduction can provide cities with more stable and sustainable carbon-peaking solutions. This study constructs a scenario-based input–output optimization model, adopting a novel carbon emission accounting method for purchased electricity that considers shared responsibility, and systematically evaluates the decarbonization paths of megacities and their impacts on economic growth, energy consumption, and carbon emissions. The results show that (a) through industry substitution and manufacturing restructuring, Shenzhen is projected to peak at 57.68 MtCO2 emissions in 2026, with a 10.57% energy and a 19.55% carbon reduction by 2030. (b) Shenzhen can achieve its carbon emission peak target through the energy transition while accepting a loss of 0.97%–3.23% of GDP, requiring the maximum economic concession of 16.45% from the transportation sector (S10) in the early stage of transformation, while 12.24% from the extractive industry (S2) in the later stage. (c) The comprehensive structure adjustment proved to be more effective than other mitigation approaches, capable of achieving high-quality economic growth of 6.4% during the study period while reaching a peak target of 53.55 million tons of CO2 by 2026. (d) The emission reduction effect of the power sector was the most significant among all the scenarios, with emission reduction rates between 6.26% and 35.63%, and the cumulative emission reduction potential reached 38.1–110.6 MtCO2. The priority for emission reduction in the power sector is the coal phase-out plan, which is essential for achieving these significant reductions. This study provides an important reference for megacities facing similar challenges, especially those in developing countries, to achieve a stable and sustainable carbon peak pathway through structural adjustment.

• Publisher: IOP Publishing
• Subject: accounting / Carbon / Carbon dioxide / CO2 accounting / Decarbonization / Developing countries / Economic development / Economic growth / Economics / Electric industries / Emission analysis / Emissions / Emissions control / Energy consumption / input–output optimization model / LDCs / maximum economic concession / Megacities / Optimization models / Paris Agreement / phased coal retirement / structural reduction strategies / Transportation industry