Study on Fiscal Policy Options for Promoting the Development of China's Low-Carbon Economy

In the field of international climate governance, the low-carbon economy has become an important path for China to achieve high-quality development. The current domestic energy structure is still dominated by fossil energy; the low-carbon transformation of industries is facing technological bottlenecks and cost pressure, which urgently requires fiscal policy to play an incentive and regulatory role. The existing fiscal tools also have their own shortcomings regarding support, structural optimization and cross-sector synergies, which limit research and development of green technology, clean energy substitution and carbon market construction. Inspired by the experience of the development of the international carbon tax system and green subsidy mechanism, a multi-level financial support framework should be constructed in line with the national conditions, and policy resources should be promoted for precise allocation towards the low-carbon sector, with the aim of striking a balance between economic growth and ecological protection dual goals.