The Relationship between Service Economy and Carbon Emissions in Jiangsu Province China and the Influencing Factors

Aims: G20 leaders Riyadh put forward the approval of the carbon reduction, reuse, recycling and elimination (4R) framework at the 2020 Summit. In order to achieve carbon peak and carbon neutrality, promote the development of low-carbon economy, China is striving to build a new high-efficiency low-carbon market.

Study Design: Taking the service industry in Jiangsu Province as the research object.

Place and Duration of Study: long-term interactive relationship between the carbon emissions of the service industry in Jiangsu Province China and its economic development, from 2005 to 2022.

Methodology: Through the vector autoregressive model (VAR) and Granger causality test. Then, five variables affecting the carbon emissions of the service industry are selected: the level of science and technology, the development of transportation, storage and postal industry, energy efficiency, industrial structure and tourism development.

Results: As influencing factors, through the least squares method (OLS) analysis, it is found that the factor that has the greatest impact on the carbon emissions of the service industry in Jiangsu Province is the industrial structure, followed by the development of tourism and transportation, storage and postal industry.

Conclusion: It is proposed to promote scientific and technological innovation and technological progress from many aspects, improve the scientific and technological innovation system of tourism, accelerate the upgrading of industrial structure, improve the efficiency of transportation, storage and postal industry, promote the formation of a benign interactive relationship between the development of the service industry and carbon emissions in Jiangsu Province and illustrate how the service industry can develop with high quality while saving energy and reducing emissions.