Sustainable development and adjustment of low carbon industrial investment in dual heritage areas using SD–FREVM: a case study in China
This paper targets the adjustment of industrial investment for low carbon development area through integrating system dynamics and a fuzzy random expected value model. Following that, Leshan, one of the World Natural and Cultural Heritage areas in Western China, is selected as a case to reach the aim of reducing carbon intensity. After the simulation results are analysed, it is concluded that by adjusting industrial investment including environmental investment, the area could decrease its carbon intensity from 0.51 in 2005 to 0.38 in 2015 with normal Gross Domestic Product (GDP) growth. Finally, some recommendations are given for dual heritage areas based on the model's results.
Keywords: industrial investment, system dynamics, fuzzy REVM, FREVM, random expected value model, low carbon investment, sustainable development, dual heritage areas, sustainability, China, simulation, environmental investment, carbon intensity reduction, carbon emissions, World Heritage Sites
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