Abstract: In the context of the world economy globalization, the greening of GVC is continuously driving the green low-carbon upgrade of domestic industry chain. According to the driving factors of industrial chain evolution, this paper divides the stages of industrial chain evolution and analyzes the development pattern of each stage of the industrial chain and the changing tendency of carbon emission intensity. On this basis, it places the industrial chain green low-carbon upgrade in the governance model of GVC, so as to analyze the realization path and action mechanism of the green low-carbon upgrade of the industrial chain. The results show that with the changes of the development model of the industry chain, the carbon emission intensity of the industry chain will be reduced continuously, and the trend of low-carbon upgrade is obvious. In the governance mode of GVC, the industrial chain will carry out its low-carbon upgrade in accordance with the trend of carbon emission in different stages of evolution, the track of the industrial chain upgrading, and the changes of the industrial chain governance modes.

Key words: GVC; industrial chain; development model; carbon emission; low-carbon upgrade