Promoting new-type urbanization with the concept of green development has become an inevitable requirement for high-quality development in the Yellow River Basin. Grasping the development trend and influencing factors of green urbanization level in the Yellow River Basin is of great significance for implementing the international conventions on environmental protection and participating in global environmental governance. This paper selects the green urbanization level panel data of nine provinces in the Yellow River Basin from 2006 to 2018. Then, principal component analysis and factor analysis are applied to measure and evaluate the green urbanization level of each province. Furthermore, this paper constructs a dynamic panel estimation model and uses differential generalized method of moments (DIF-GMM) model and system generalized method of moments (SYS-GMM) model to explore the influencing factors. The results show that the overall level of green urbanization in the Yellow River Basin has steadily and rapidly increased, and there are significant spatial differences. The green urbanization level of eastern provinces is significantly higher than that of central and western provinces. In addition, the overall level of green urbanization shows a convergence trend. From the perspective of influencing factors, the factors that have significant positive effects on the level of green urbanization include economic development level, technological innovation level, and urban size. Industrial structure, foreign direct investment (FDI), and education level counteract the level of green urbanization. However, environmental regulation strength and opening degree fail to pass the significance test. Therefore, it is necessary to promote and upgrade industrial transformation, improve the quality of opening up, and strengthen cooperation in technological innovation and environmental governance. There are requirements that the government control the urban size and population scientifically and implement the environmental access system strictly in order to improve the level of green urbanization in the Yellow River Basin. It is more possible to achieve harmonious economic and ecological environment development.

It is greatly important to promote low-carbon green transformations in China, for implementing the emission reduction commitments and global climate governance. However, understanding the spatial spillover effects of carbon emissions will help the government achieve this goal. This paper selects the carbon-emission intensity panel data of 11 provinces in the Yangtze River Economic Belt from 2004 to 2016. Then, this paper uses the Global Moran’s I to explore the spatial distribution characteristics and spatial correlation of carbon emission intensity. Furthermore, this paper constructs a spatial econometric model to empirically test the driving path and spillover effects of relevant factors. The results show that there is a significant positive correlation with the provincial carbon intensity in the Yangtze River Economic Belt, but this trend is weakening. The provinces of Jiangsu, Zhejiang, and Shanghai are High–High agglomerations, while the provinces of Yunnan and Guizhou are Low–Low agglomerations. Economic development, technological innovation, and foreign direct investion (FDI) have positive effects on the reduction of carbon emissions, while industrialization has a negative effect on it. There is also a significant positive spatial spillover effect of the industrialization level and technological innovation level. The spatial spillover effects of FDI and economic development on carbon emission intensity fail to pass a significance test. Therefore, it is necessary to promote cross-regional low-carbon development, accelerate the R&D of energy-saving and emission-reduction technologies, actively enhance the transformation and upgrade industrial structures, and optimize the opening up of the region and the patterns of industrial transfer.

Embodied carbon flows among regions have led to unfair carbon emission responsibility accounting based on production. However, the heterogeneity of carbon peaking stress between regions is significantly neglected for those embodied carbon flows. Incorporating the carbon peaking stress into the embodied carbon flows can more clearly show what causes the carbon peaking stress and which carbon flow paths are more critical. In this study, the decoupling index of carbon emissions and economy development was applied to characterize the carbon peaking stress in each region, and the environmental extended multi-regional input–output model was applied to re-evaluate the criticality of regional embodied carbon flows. The results showed that the carbon peaking stress in China improved from 2007 to 2012, but the rebound of carbon peaking stress in 2017 made most regions reverse the previous downward trend. The stress to reach carbon peaks varies considerably from region to region, and the stress in the northwest is much higher than that in developed eastern China. Considering the heterogeneity of carbon peaking stress, additional concerns should be given to the net embodied carbon output in the northwestern, northern, and central regions, which can help avoid the dilemma between outsourcing embodied carbon and reducing carbon emissions from production. The policy to reduce emissions should be implemented in all regions that benefit from the net embodied carbon output of the northern and northwestern regions, where the carbon peaking stress is higher. The focus should be on the actual improvement of the carbon peaking stress, not just on the transfer of stress. The increasing urgency of achieving carbon peaking targets and unequal stress for regional peaking emissions calls for differentiated regional mitigation measures to help the Chinese government scientifically and in an orderly manner promote the overall and local carbon peaking work.