China’s growth plans include a carbon emission peak policy, which is a restriction that indirectly impacts land use structure. In this study, we simulate different paths for achieving policy objectives, and explore the linkages between those paths and land use change. The IPAT model was used to simulate the carbon emissions generated from a natural development scenario, an ideal policy scenario, and a retributive carbon emission scenario in China from 2020 to 2030. The simulation results were incorporated into the CLUMondo model as a demand driver to simulate the land use change in 2030. The results show that carbon emission peak policy can somewhat reduce carbon emissions and increase building land in a regulated way. However, the policy may also lead to a short-term surge in carbon emissions, a reactive expansion of arable land and building land. This may reduce losses in economic development when carbon emissions are limited, but does not achieve the integration of social, economic, and ecological goals. This study links the carbon emission peak policy with land use change and provides a fresh perspective on the Chinese government’s carbon reduction policy.