CO2 emission driving forces and corresponding mitigation strategies under low-carbon economy mode: evidence from China's Beijing-Tianjin-Hebei region

On account of the background of China's new normal characterized by slower economic growth, this paper analyses the low-carbon economy status quo in the Beijing-Tianjin-Hebei region and empirically investigates the relationship between carbon dioxide (CO2) emissions and its various factors for China's Beijing-Tianjin-Hebei region using panel data econometric technique. We find evidence of existence of Environmental Kuznets Curve. Results also show that economic scale, industrial structure, and urbanization rate are crucial factors to promote CO2 emissions. However, technological progress, especially the domestic independent research and development, plays a key role in CO2 emissions abatement. Next, we further analyze the correlation between each subregion and various factors according to Grey Relation Analysis. Thereby, our findings provide important implications for policymakers in air pollution control and CO2 emissions reduction for this region.