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Abstract: To find the key impact factors of CO2 emissions to realize the carbon intensity target, this paper examined the impact factors of population, economic level, technology level, urbanization level, industrialization level, service level, energy consumption structure and foreign trade degree on the energy-related CO2 emissions in Guangdong Province, China from 1980 to 2010 using an extended STIRPAT model. We employed ridge regression to fit the extended STIRPAT model. Empirical results indicate that factors such as population, urbanization level, GDP per capita, industrialization level and service level, can cause an increase in CO2 emissions. However, technology level, energy consumption structure and foreign trade degree can lead to a decrease in CO2 emissions. The estimated elastic coefficients suggest that population is the most important impact factor of CO2 emissions. Industrialization level, urbanization level, energy consumption structure, service level and GDP per capita are also significant impact factors, but the other factors such as technology level and foreign trade degree are less important impact factors. Some policy recommendations are also given on how to mitigate the growth of CO2 emissions. [Copyright &y& Elsevier]

Abstract: In this paper, we present a process-based model to estimate the well-to-tank (WTT) costs of vehicle fuels (gasoline and diesel). The model breaks down the WTT process into four stages, i.e., crude oil sourcing (import and extraction), crude oil transportation, crude oil refining, and vehicle fuel transportation and distribution, which can provide high-resolution data for the WTT cost components. Using this model, we further develop an empirical study of China. The results obtained from the study indicate that the price of imported crude oil is the dominant factor affecting the WTT costs of vehicle fuels in China and that the cost of crude oil refining also has a relatively large influence. By comparing the costs with the prices of vehicle fuels under the volatile price of imported crude oil, we illustrate the unstable margin caused by China’s current pricing policy, which causes a distorted price signal and fiscal risks. The key findings derived from the empirical study reveal that the WTT cost is an essential guide for altering the vehicle fuel price with the aim of not only smoothing the impacts caused by the volatile price of crude oil price but also reflecting the correct oil price signal and reducing the fiscal risks. [Copyright &y& Elsevier]