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To accelerate the development of low-carbon industry in Zhaoqing City, transform the mode of economic growth, and promote industrial transformation and upgrading, the SWOT analysis method was applied. From the four aspects of strengths, weaknesses, opportunities and threats, the feasibility of developing a low-carbon economy in Zhaoqing was systematically analyzed. From the adjustment of industrial structure, the optimization of energy structure, the promotion of low-carbon tourism, the development of circular economy, and the enhancement of carbon sink capacity, the development path of low-carbon economy was explored. Based on the above analysis, a low carbon development plan was prepared. From the implementation of low-carbon development strategy, the choice of low-carbon economy pilot, and the low-carbon economic security system, the implementation steps of Zhaoqing's low-carbon economy were discussed in detail. The results showed that the low-carbon economy concept provided some ideas for Zhaoqing's economic development. Therefore, Zhaoqing is still in its infancy. The city's transportation system is not perfect. To develop a low-carbon economy, governments, enterprises, and individuals need to participate actively.

The chapter explores the corporate risks and opportunities in low carbon economy in order to provide references for business to tackle the global warming issue. It first discusses severe consequence of climate change and points out that the low carbon economy is to mitigate climate change. Then different perspectives of low carbon economy and similar connotations are introduced. It is found that companies are driven to practise environmental responsibility by various risks. In particular, these risks come from international policies, investors, national regulations, customers, peers, sub-sectors, and supply chains. Finally, the opportunities and benefits of low carbon responsibility are illustrated. The research shows that if the enterprises actively take low carbon responsibility, they will get the opportunities to develop corporate capabilities, benefits of early movement and advantages of brand effect.

The purpose of this study is to systematically review the state-of-art literature on the net-zero economy in the field of supply chain management.

A systematic literature review of 79 articles published from 2009 to 2021 has been conducted to minimise the researchers' bias and maximise the reliability and replicability of the study.

The thematic analysis reveals that studies in the field of net-zero economy have mostly been done on decarbonisation in the supply chain, emission control and life cycle analysis and environmental and energy management. The findings highlight the strong positive association between digitalisation, circular economy and resources optimization practices with net-zero economy goals. The study also addresses the challenges linked with the net-zero economy at the firm and country levels.

Practitioners in companies and academics might find this review valuable as this study reviews, classifies and analyses the studies, outlines the evolution of literature and offers directions for future studies using the theory, methodology and context (TMC) framework.

This is the first study that uses a structured approach to analyse studies done in the net-zero field by assessing publications from 2009 to 2021.

This paper aims to build a scientific evaluation index system for regional low-carbon circular economic development. Taking Sichuan Province as the empirical research object, the paper evaluates its low-carbon circular economy (LCCE) development level and proposes policy recommendations for climate change improvement based on the evaluation results.

This paper, first, built an evaluation index system with 30 indicators within six subsystems, namely, economic development, social progress, energy consumption, low-carbon emissions, carbon sink capacity and environmental carrying capacity. Second, develop an “entropy weight-grey correlation” evaluation method. Finally, from a practical point of view, measure the development level of LCCE in Sichuan Province, China, from 2008 to 2018.

It was found that Sichuan LCCE development had a general downward trend from 2008 to 2012 and a steady upward trend from 2012 to 2018; however, the overall level was low. The main factors affecting the LCCE development are lagging energy consumption and environmental carrying capacity subsystem developments.

This paper puts forward relevant suggestions for improving the development of a low-carbon economy and climate change for the reference of policymakers.

This paper built an evaluation index system with 30 indicators for regional low carbon circular economic development. The evaluation method of “entropy weight-grey correlation” is used to measure the development level of regional LCCE in Sichuan Province, China.

As the contradiction between economic development, resource and environment has become increasingly prominent, low-carbon competitiveness has received worldwide focus. This study aims to examine low-carbon competitiveness in 31 provinces (cities and regions) of China.

An evaluation index system for low-carbon competitiveness in China has been constructed, which is composed of 25 economic, social, environmental and policy indicators. To study the state of low-carbon competitiveness and resistance to China’ development of low-carbon competitiveness, this study uses a combination of the catastrophe progression model, the spatial autocorrelation model and the barrier method.

China’ low-carbon competitiveness gradually decreases from coastal to inland areas: the Tibet and Ningxia Hui autonomous regions are the least competitive regions, while the Shandong and Jiangsu provinces are the most competitive areas. The spatial correlation of the 31 provinces’ low-carbon competitiveness is very low and lacks regional cooperation. This study finds that the proportion of a region’ wetland area, the proportion of tertiary industries represented in its GDP and afforestation areas are the main factors in the development of low-carbon competitiveness. China should become the leader of carbon competitiveness by playing the leading role in the Eastern Region, optimizing the industrial structure, improving government supervision and strengthening environmental protection.

The paper provides a quantitative reference for evaluating China’ low-carbon competitiveness, which is beneficial for environmental policymaking. In addition, the evaluation and analysis methods offer relevant implications for developing countries.

This study aims to examine the relationship between financial development (FD), financial risk, green finance and innovation related to carbon emissions in the G7 economies.

This quantitative study examines the roles that financial development [FD: Domestic credit to private sector by banks as percentage of gross domestic product (GDP)], economic growth (GDP: Constant US$ 2015), financial risk index (FRI), green finance (GFIN: Renewable energy public research development and demonstration (RD&D) budget as percentage of total RD&D budget), development of environment-related technologies (DERTI: percentage of all technologies) and human capital (HCI: index) have on the environmental quality of developed economies. Based on panel data, the study uses a novel approach method of moments quantile regression as a main method to tackle the issue of cross-sectional dependency, slope heterogeneity and nonnormality of the data.

The study confirms that increasing economic development increases emissions and negatively impacts the environment. However, efficient resource allocation, improved financial systems, and green innovation are likely to contribute to emission mitigation and the overall development of a sustainable viable economy. Furthermore, the study highlights the importance of risk management in financial systems for future emissions prevention.

The study uses a reliable estimation procedure, which extends the discussion on climate policy from a COP-27 perspective and offers practical implications for policymakers in developing more effective emission mitigation strategies.

The study offers policy suggestions for a sustainable economy, focusing on both COP-27 and the G7 countries. Recommendations include implementing carbon pricing, developing carbon capture and storage technologies, investing in renewables and energy efficiency and introducing financial instruments for emission mitigation. From a COP-27 standpoint, the G7 should prioritize transitioning to low-carbon economies and supporting developing nations in their sustainability efforts to address the pressing challenges of climate change and global warming.

In comparison to the literature, this study examines the importance of financial risk for G7 economies in promoting a sustainable environment. More specifically, in the context of FD and national income with carbon emissions, previous researchers have disregarded the importance of green innovation and human capital, so the current study fills the gap in the literature related to G7 economies by exploring the link between the identified variables related to carbon emissions.

Climate and environment-related financial risks could significantly and negatively impact the financial sector in future, particularly its financing to those sectors adversely impacted by the climate-related risks, low-carbon policies and the transition from traditional energy sources-based economy to a more sustainable system with alternative energy sources. The participatory countries of the Paris Agreement agreed to align finance flows with a low-emission, low-carbon and climate-resilient growth, in order to facilitate achieving the long-term climate goals. The financial sector, therefore, needs to play a proactive role in aligning financial flows. It is, therefore, of utmost importance to study low-carbon finance and climate-related financial risks. This chapter examine how climate change can affect the financial sector. It discusses the concept, nature, measurement of climate risks and climate-related financial risks and associated prospects and challenges in the assessment and the measurement of these risks. It also presents the green financing initiatives and role of central banks and supervisory authorities and their monetary and financial policies in enhancing green financing and redirecting finance to low-carbon activities. In the financial sector, the insurance industry is highly vulnerable to such risks. The banking sector is yet to witness the serious impact of these risks. With the slowing of global economic growth, appropriate policies are needed to encourage banks to provide increased green finance with an adequate profitability. Studies recommend that climate-related risk has a strong potential impact on banks’ loan default rate as well as on the financial stability, there is hence a need to incorporate climate-related criteria and the systemic risk arising out of climate change into banks’ decision-making process and risk modelling and management. There is a need for developing an appropriate methodology for assessing and reducing these risks. Moreover, observers also anticipate a need for cooperation between banking regulators and banks to develop and adopt best practices in the management of environmental risks. The environment-related risks will call forth a multi-country, or regional, research office to collect and compile the required data and undertake analysis to enhance the banking sectors’ understanding of, and capacity to address, potential systemic environmental risks. What is needed is to test the feasibility of incorporating forward-looking scenarios for assessing potential impacts of providing credit to environmentally unsustainable or sustainable activities on financial stability.

Although the tasks of managing carbon peaks and achieving carbon neutrality in China are arduous, they are also of great significance, which highlights China’s determination and courage in dealing with climate change. The power industry is not only a major source of carbon emissions but also an important area for carbon emission reduction. Thus, against the backdrop of carbon neutrality, understanding the development status of China’s power industry guided by the carbon neutrality background is important because it largely determines the completeness of China’s carbon reduction promises to the world. This study aims to review China’s achievements in carbon reduction in the electric industry, its causes and future policy highlights.

The methods used in this study include descriptive analyses based on official statistics, government documents and reports.

The research results show that, after years of development, the power industry has achieved positive results in low-carbon provisions and in the electrification of consumption, and carbon emission intensity has continued to decline. Policy initiatives play a key role in this process, including, but not limited to, technology innovations, low-carbon power replacement and supported policies for low-carbon transformation toward low-carbon economies.

This study provides a full picture of China’s power industry against the backdrop of low-carbon development, which could be used as a benchmark for other countries engaging in the same processes. Moreover, a careful review of China’s development status may offer profound implications for policymaking both for China and for other governments across the globe.

Purpose – The net increase in China's urban population in the last 50 years equals the current total population of the European Union. The scale and speed of urbanization in China requires a sustainable solution to unprecedented energy demands and elevated carbon emissions. As low-carbon development emerges in urban China, it offers a unique vantage point to examine some fundamental theoretical questions of the environmental state. How do structural socioeconomic changes affect the environmental state? Does the rise of the environmental state offer a basis for regulatory reform on a broader scale?

Methodology/approach – Case study of five low-carbon cities in China provides the empirical evidence for the analysis. The five cities represent a continuum in their levels of postindustrialization. I compare low-carbon development strategies in postindustrial cities with those strategies in industrial cities. Evidence is collected primarily by way of interviews with planning bureau officials, urban design professionals, involved NGOs, academics, and private sector individuals familiar with the matter.

Findings – First, in cities where the level of postindustrialization is high, state resources support innovative low-carbon development strategies that attempt to achieve emission reductions in a variety of sectors. In industrial cities, however, the environmental state's regulative power is limited to one or two (sub)sectors. Second, and more importantly, a new pattern of governance is emerging in postindustrial cities. Low-carbon development in postindustrial cities is a much less centralized process, having local levels of governments as key players of low-carbon policy making. When the environmental state intersects with the postindustrial city, it gives birth to a new urbanism that has profound implications for political structuring in China.

Research limitations – The analysis in this chapter is based on evidence from a purposefully selected set of Chinese cities, which may render the results biased. Future studies should aim for a more systematic analysis of cities in order to establish more generalizable conclusions. In addition, given the increasing availability of quantitative data at the city level in China, future studies should also seek to incorporate quantitative analyses to better substantiate existing knowledge derived from qualitative sources of evidence.

Originality/value of chapter – First, this chapter challenges the Western bias in the existing literature on the environmental state. The role of the civil society is far from salient in the Chinese context, and yet the environmental state demonstrates a robust level of activity despite the weak civil society. It therefore seems that a general theory of the environmental state can be built from existing literature, but needs to be sensitive to non-Western social conditions that might falsify parts of the theoretical claims. Second, the environmental state literature can be consolidated and further developed when examined in conjunction with other literatures in the modernity tradition. I have demonstrated the connection between the environmental state and the postindustrial city. More studies are needed to examine other facets of the environmental state, as it intersects with a multitude of (post)modern conditions.