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Analysis of CO_2 Kuznets Curve in China Based on VECM

LIU Ying,REN Yan-yan(School of Economics,Shandong University,Jinan 250100,China)  
The influencing factors of per capita emissions can be decomposed as GDP per capita,energy structure and energy intensity based on Kaya identity.The empirical result of VECM shows that CKC,the inverted U-shaped curve between emissions and income,holds for China.Moreover,both proportion of non-fossil energy and energy intensity are significant on emissions reduction.However,the result of variance decomposition displays that their restraining effects are very limited.In addition,the tasks for energy saving and emissions reduction for twelve five-year-plan and in 2020 are still arduous.We must insist on conservative and clean development to accomplish our goal.
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