Abstract: Since the Industrial Revolution, the large-scale use of fossil fuels has increased the impact of human activities on climate while promoting economic development. Extreme weather events and ecological disasters caused by climate warming have also caused huge losses to human production and life. It has become a consensus of most countries to pay more attention to the risks of climate change and achieve carbon neutrality by the middle of this century. This ambitious goal will inevitably bring about great changes of production and life mode, the economy and energy structure, and its impact on the macro-economy deserves in-depth study and forward-looking management as soon as possible. At present, the discussion on the dynamic impact mechanism of transition risks on macro-economy under carbon neutral target are insufficient. Based on the literatures review, this paper analyzes the representative views on the "carbon neutralization" policy and their macroeconomic impact, and proposes preliminary policy implications on central bank to support China's low-carbon transition.
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