Title: Development of a low-carbon economy with the dual transformation of economy and energy structure

Authors: Xiang Huang; Huami Yi; Min Liu

Addresses: School of Business Administration, Guangdong University of Finance & Economics, Guangzhou, China ' School of Culture Tourism and Geography, Guangdong University of Finance & Economics, Guangzhou, China ' School of Economics, Guangdong University of Finance & Economics, Guangzhou, China

Abstract: This article investigates the industry 4.0 recent shift toward a more environmentally responsible way of operation. Life Cycle Assessment (LCA) is used in this article to measure carbon emissions throughout the product development life cycle. An accurate accounting of carbon emissions must first be completed for this to work. Consequently, IoT technologies have been used to collect real-time data with confidence to monitor the environmental consequences of products throughout the life cycle. Energy efficiency, energy structure optimisation and market-based economic measures such as energy/carbon taxes have minimised energy consumption and carbon emissions under a long-term low-carbon strategy. The proposed method shows less-energy conservation rate of 15.6%, an emission rate of 11.8%, a high-energy efficiency rate of 94.5%, a production rate of 90.8% and a sensitivity rate of 97.6% compared to other methods.

Keywords: carbon emission; GHG; greenhouse gas emissions; IoT; internet of things; low-carbon economy; LCA; life cycle assessment; GEM; GHG emission monitoring.

DOI: 10.1504/IJGEI.2024.137091

International Journal of Global Energy Issues, 2024 Vol.46 No.3/4, pp.365 - 388

Received: 09 Aug 2022
Accepted: 20 Oct 2022
Published online: 01 Mar 2024 *

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