Research on carbon emission evaluation of China's iron and steel industry

At present, China is the largest carbon emission country in the world. To adapt to the green new normal, solving the economic and environmental problem become a task of top priority. The paper calculates the carbon emission of China's iron and steel industry over the time period 1992-2012 by the IPCC empirical approach. We found that the carbon emissions increased rapidly during this time period, which had become one of the main source of carbon emission in China. In addition, this paper introduces the concept of urbanization and studies the long-term equilibrium relationship between carbon emissions and variables by optimizing KAYA identical equation. The results indicate that overcapacity affect heavily on the carbon emission of Chinese iron and steel industry. Dissolving the contradiction with overcapacity and ameliorating energy intensity can effectively control carbon emissions.