Abstract
The massive use of energy has caused a rapid increase in global carbon dioxide emissions, resulting in a series of environmental problems such as climate warming. Investment in the energy industry can guide funds into green and clean production, reduce carbon emissions in the energy industry, and promote the green development of the energy industry. This paper considers the energy, the environment, the economy, and other factors and focuses on energy consumption and investment structure. Taking 30 provinces in China as research samples, a dynamic spatial Durbin model is established. The results show that the first-order term of carbon emissions has a driving force of 0.5068% for current carbon emissions at a significance level of 1% and that the increase in current carbon emissions will lead to a continued increase in carbon emissions in the next period. The increase in the carbon emissions of neighbouring provinces will increase their carbon emissions through the spatial spillover effect. Whether in the short term or long term, the increase in energy investment and the optimization of the energy investment structure can reduce carbon emissions. The above conclusions can provide a reference for the formulation of government environmental policies.