The Rebound and Fixed Effect of Technological Progress on Energy CO2 Emissions in China

The goal of this study is to develop a model based on panel data from 30 Chinese provinces to assess rebound and fixed effects, as well as policy implications, in order to provide a theoretical foundation for the rapid advancement of low -carbon transformation, which is a necessary result of a new stage in environmental growth. The results of primary analysis are the CO2 emission intensity reached 15.72 kt/million yuan in 2019, which was an great decline of 21.86 kt/million yuan as compared with the intensity in 2001; the average value of technological progress reached 1.017, waved like a U shape. The findings of empirical study show that the amount of energy CO2 emission rebound ranged widely; the average value of the rebound impact was-0.449; a 1% rise of technological progress led a 0.442% CO2 emission decrease, notably in Central and Western China. The results lower the cost of drafting energy policies as well as the decision-making involved and increase the economic advantages and transformation rate of technical breakthroughs in practice.