The coal-based energy industry plays a huge role in supporting the development of a national economy.As China pledges to achieve carbon peaking and carbon neutrality goals,how to keep a balance between carbon emission reduction and coal consumption has become a serious problem and daunting challenge facing the industrial chain of coal-based energy for a long time.The prospects for the coal mining industry are increasingly limited under carbon constraints.Faced with serious challenges in its positioning and technological development,the coal-fired power industry is suffering the consequences of negative environmental externalities.Therefore,the lowcarbon transformation of China’s coal-based energy industry is necessary and urgent.This paper conducts an in-depth analysis of the development status of China’s coal-based energy industry under the carbon peaking and carbon neutrality goals and the obstacles in the transformation and upgrade of the coal-based energy industry,and comes up with response strategies.The future coal-based energy industry should make full use of emerging low-carbon clean technologies such as carbon capture,utilization,and storage to achieve low-carbon transformation,and upgrade of the entire industrial chain,following the current development trends.