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As one of the most significant carbon emission departments in China, the power industry will gradually become the core hub of reducing carbon emissions in the process of undertaking carbon emissions transferred from other industries. Therefore, it is of vital importance to predict the power consumption in China's end energy consumption to achieve the carbon peak goal on time. This paper firstly uses the gray relational analysis model to study the relationship between power consumption indicators of the three major industries and some social and economic indicators and obtains the influencing factors with the greatest correlation with the power consumption of the three industries. Then, based on the analysis of socio-economic factors, considering different growth rates, the GMCN(1,N) model of electricity consumption in China's three major industries is established. Forecast data under different scenarios have important practical significance for formulating active and effective energy policies. The data indicate that the secondary and tertiary industries consume the greatest amount of electricity. It is estimated that the power consumption of China's three major industries will reach 10.15 trillion kWh (kilowatt hours) by 2030. [ABSTRACT FROM AUTHOR]

This empirical study investigates the dynamic interconnection between fossil fuel consumption, alternative energy consumption, economic growth and carbon emissions in China over the 1981 to 2020 time period within a multivariate framework. The long-term relationships between the sequences are determined through the application of the Autoregressive Distributed Lag (ARDL) bounds test and augmented by the Johansen maximum likelihood procedure. The causal relationships between the variables are tested with the Granger causality technique based on the Vector Error Correction Model (VECM). Empirical results reveal the existence of a statistically significant negative relationship between alternative energy consumption and carbon emissions in the long-term equilibrium. Furthermore, the VECM results demonstrate that both carbon emissions and fossil fuel consumption have unidirectional effects on economic growth. Additionally, the study highlights a short-term unidirectional causal relationship from economic growth to alternative energy consumption. These findings suggest that a reduction in fossil fuel consumption in the short run may indirectly impede the development of alternative energy. The study proposes that China should expedite the development of alternative energy and control the expansion of fossil fuel consumption to attain its carbon reduction target without hindering economic growth. [ABSTRACT FROM AUTHOR]