Abstract. The high carbon economic development model has become a bottleneck of economic development and an important factor affecting the full realization of a well-off society. Taking Guangzhou as an example based on the IPCC methodology, the carbon emissions of various industries in Guangzhou city during the period of 1993~2013 were calculated. And on the basis of the grey relational analysis model, we calculated the correlation degree between the industrial carbon emissions and industrial added value. The results shows that the Production and supply of electricity, heat and gas is the largest one for the proportion of carbon emissions, and with the passage of time, carbon emissions from the various sectors of the industry as a whole showing upward trend, but the carbon emissions continue to decline in the overall strength. At the same time, the industry's carbon emissions and industrial added value overall showing a high correlation degree. Based on the study, we hope we can provide relevant policy recommendations for the development of low carbon economy of Guangzhou future and improve the utilization efficiency of energy resources.