The impact of low carbon technology innovation policy on China´s macro economy

Basing on CGE modeling theory and technology, this article studies the impact of the low-carbon technology innovation policy on the macro economy. Simulation result shows that low-carbon technology innovation policy significantly reduces the intensity of carbon emissions and optimizes the industrial structure. In the short term, the products price rising is part of the industrial output decrease and exports decline, while in the long term, the incentive policies are helpful for the long-term GDP increase.