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Process-related carbon emissions, which cannot be completely eliminated by the improvement of processes and energy structure, are recognized as an enormous challenge for in-depth decarbonization. To accelerate the achievement of carbon neutrality, the concept of 'artificial carbon cycle' is proposed based on the integrated system of process-related carbon emissions from high-emitting industries and CCU technology as a potential pathway towards a sustainable future. This paper conducts a systematic review on the integrated system with the case of China, which is the largest carbon-emitting and manufacturing country, to provide a clearer and more meaningful analysis. Multi-index assessment was used to organize the literature and draw the useful conclusion. Based on literature review, the high-quality carbon sources, reasonable carbon capture approaches and promising chemical products were identified and analyzed. Then the potential and practicability of the integrated system was further summarized and analyzed. Finally, key factors of future development including technology improvement, green hydrogen, clean energy and industrial cooperation were stressed to provide a theoretical reference for future researchers and policy makers. • Demonstration on the rationality and importance of applying CCU technology on process-based carbon emissions. • Multi-index assessment on adoptable carbon sources, possible pathways of carbon capture and carbon conversion. • Analysis on the potential and practicability of the integrated system to accelerate carbon neutrality. [ABSTRACT FROM AUTHOR]

The carbon trading policy seeks to control carbon emissions by putting a price on carbon emissions and establishing a corresponding carbon market for trading. It is a significant move by China to address climate issues and achieve its Carbon Neutrality target. Therefore, assessing the policy effects of carbon trading is fundamental to its implementation nationwide. Based on the panel data of 30 provinces and cities in China from 2008 to 2018, this paper uses the Synthetic Control Method and Differences-in-Differences method to assess the effects of carbon trading policy on achieving Carbon Neutrality. By measuring the net carbon emissions, this research explores the level of Carbon Neutrality in each region. Based on the Five-sphere Integrated Plan (which covers the economy, politics, culture, social and ecological civilization), this research further verifies the impact paths of carbon trading policy on Carbon Neutrality. The results show that: First, carbon trading policy has a significant and sustainable effect on Carbon Neutrality. Second, from the perspective of the Five-sphere Integrated Plan, the carbon trading policy can help to reduce carbon sources and increase carbon sinks by adjusting the industrial structure, coordinating low-carbon policies, promoting cultural dissemination, increasing green space construction, and reducing energy intensity to achieve Carbon Neutrality. Third, cultural construction plays the most significant role in mediating carbon trading and Carbon Neutrality, followed by political construction. • This paper examines the effectiveness of carbon trading policy for Carbon Neutrality. • We use the Synthetic Control Method and Difference-in-Differences method. • The impact paths of carbon trading policy are examined from the Five-sphere Integrated Plan perspective. • Carbon Neutrality should be incorporated into the Five-sphere Integrated Plan. • A cross-perspective study of the Five-sphere Integrated Plan, carbon trading with Chinese characteristics has been formed. [ABSTRACT FROM AUTHOR]