Measurement and Parity of Low-Carbon Economic Development Level for Guangzhou Using the SEM Model

Abstract

Due to the major energy consumer and carbon emission, China must change the previous extensive economic development method categorized by great energy consumption, high pollution, and great emissions and develop a low-carbon economy. As a result, this research focuses on the measurement and assessment of low-carbon economy growth in Guangzhou. It contains pertinent study findings as well as the most recent research developments at home and abroad. Furthermore, it searches for and investigates limited socioeconomic development theories, structural model systems, and validity and reliability analysis methodologies. Besides, considering the current condition of low-carbon financial growth in Guangzhou and the issues it faces, this study explores and analyses the key variables impacting the growth of a low-carbon economy. Finally, using the statistical analysis program such as LISREL 8.80, the structural equation model is fitted and changed based on the data validity analysis and test. It generates the measurement and evaluation model data of Guangzhou’s low-carbon economic development level.