9 results
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2. THE ECONOMY-ENERGY-ENVIRONMENT NEXUS IN IMF'S TOP 2 BIGGEST ECONOMIES: A TY APPROACH.
- Author
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ATTA MILLS, Ebenezer Fiifi Emire, Kailin ZENG, and BAAFI, Mavis Agyapomah
- Subjects
ENERGY consumption ,CLIMATE change ,IMPULSE response ,ANALYSIS of variance ,ENERGY policy - Abstract
This paper assesses the relationship between carbon emissions, economic growth and, energy consumption, in USA and China from the perspective of Granger causality, in a multivariate framework controlling for financial development, urbanization, and trade openness. Econometric techniques employed include unit root tests, Toda and Yamamoto Granger causality, and generalized impulse response and variance decomposition analysis for the time horizon 1980-2017. Test results indicate that governments of the USA and China cannot implement sturdier strategic energy policies in the long run without inhibiting the growth of the economy because of the bidirectional causative linkage between economic growth and energy use. A causal link does not exist between carbon emissions and financial development for both countries. Nevertheless, in the USA, there exists a unidirectional Granger causality controlling from energy consumption to financial development. In both economies, urbanization Granger causes CO
2 emissions and energy use but the reverse does not hold. An upsurge in energy consumption and carbon emissions will lead to a surge in trade openness but not vice versa for China. A noteworthy result is that there is a substantiation of unidirectional causality from energy consumption to carbon emissions in both countries. In the USA, impulse response and variance decomposition analysis disclosed the effect of financial development is projected to have diminutive magnitude whiles in the future, energy use, economic growth, trade openness, and urbanization would influence carbon emissions significantly. The impacts of trade openness and financial development are expected to be of little importance in China. The general findings implied that urbanization, economic growth, and energy consumption influenced CO2 emissions significantly in the USA and China. Understanding these similar and contrasting situations is essential to reaching a global agreement on climate change affecting IMF's top 2 biggest economies. [ABSTRACT FROM AUTHOR]- Published
- 2020
- Full Text
- View/download PDF
3. China's regional carbon emissions change over 1997-2007.
- Author
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Lan-Cui Liu, Jin-Nan Wang, Gang Wu, and Yi-Ming Wei
- Subjects
CARBON dioxide mitigation ,ENERGY consumption ,EMISSION control ,EMISSIONS trading ,CLIMATE change ,ENERGY policy ,ENVIRONMENTAL quality ,ENVIRONMENTAL engineering - Abstract
The increased demand for energy in China has generated concomitant increase of carbon emissions, which poses an unprecedented challenge to China's, and even global, sustainable development. In this paper, from the perspective of provincial carbon emissions, we analyze China's carbon emissions changes during 1997-2007 based on the index decomposition analysis method. We find that: (1) China's CO
2 emissions from end-use energy consumption mainly originated from such major industrial provinces as Hebei, Jiangsu, Zhejiang, Shandong, Henan and Guangdong. (2) Economic growth and decline in energy intensity will have the greatest impact on CO2 emissions from end-use energy consumption. Economic growth is the key factor driving the increase of CO2 emissions. Change in energy intensity can more or less decrease CO2 emissions. In the future, China's carbon emissions mitigation policies should be developed to address these differences in provincial carbon emissions. [ABSTRACT FROM AUTHOR]- Published
- 2010
4. A critical review of China's rapidly developing renewable energy and energy efficiency policies.
- Author
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Lo, Kevin
- Subjects
- *
RENEWABLE energy sources , *ENERGY consumption , *ENERGY policy , *ENERGY security , *CLIMATE change , *ECONOMIC competition , *AIR pollution - Abstract
Abstract: Renewable energy and energy efficiency (REEE) policies have far-reaching implications for energy security, climate change, economic competitiveness, pollution, and human livelihood. For these reasons, REEE has become a national priority for the Chinese government, particularly since 2005. This paper aims to critically review China's REEE policies in six sectors: electricity, industry, transportation, buildings, and local government. In addition to examining the progress China has made in the development and implementation of REEE policies, this review also identifies limitations and room for improvement. Finally, five policy recommendations are presented. [Copyright &y& Elsevier]
- Published
- 2014
- Full Text
- View/download PDF
5. Forecast of Energy Demand in the Next Decade.
- Author
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Hongbo, Zhang and Nian, Zhong
- Subjects
ENERGY consumption ,ECONOMIC demand ,CLIMATE change ,ENERGY development ,ENERGY policy ,FORECASTING - Abstract
Abstract: China''s energy consumption is still in growth stage. This paper analyzes China''s energy demand in the background of climate change, and forecasts China''s energy development trend in the next decade. Finally, it proposes measurements for energy restructuring, which will contribute to the energy policy making. [Copyright &y& Elsevier]
- Published
- 2011
- Full Text
- View/download PDF
6. CO2 emission from China's energy sector and strategy for its control
- Author
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He, Jiankun, Deng, Jing, and Su, Mingshan
- Subjects
- *
ENERGY consumption , *ENERGY policy , *CARBON dioxide mitigation , *EMISSION control , *FOSSIL fuels , *COMBUSTION , *SUSTAINABLE development , *RENEWABLE energy sources , *NUCLEAR energy , *CLIMATE change - Abstract
Abstract: This paper identifies the main features of CO2 emission from fossil energy combustion in China. Then it estimates China''s future energy requirements and projects its CO2 emission from 2010 to 2020 based on the scenario analysis approach. China''s rate of carbon productivity growth is estimated to be 5.4% in the period 2005–2020, while the CO2 intensity of GDP will reduce by about 50% but CO2 emission in 2020 will still be about 40% higher than prevailing in 2005 because of rapid growth of GDP. This estimation is based on the assumption that China will implement a sustainable development strategy in consideration of climate change issues. The main objectives of the strategy are to implement an “energy conservation first” strategy, to develop renewable energy and advanced nuclear technology actively, to readjust the country''s economic structure, and to formulate and legislate laws and regulations, and to build institutions for energy conservation and development of renewable energy. It concludes that international measures to mitigate CO2 emission will limit world fossil fuel consumption. China is not placed to replicate the modernization model adopted by developed countries and has to coordinate economic development and carbon dioxide emission control while still in the process of industrialization and modernization. China has to evolve a low carbon industrialization model. This is the key to the success of sustainable development initiatives in China. [Copyright &y& Elsevier]
- Published
- 2010
- Full Text
- View/download PDF
7. Governing energy consumption in China: a comprehensive assessment of the energy conservation target responsibility system.
- Author
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Lo, Kevin
- Subjects
ENERGY consumption ,AIR pollution ,ENERGY policy ,CLIMATE change - Abstract
The governance of energy consumption in China is of environmental significance from the standpoints of preventing local air pollution and global climate change. At the heart of China's energy governance system is the energy conservation target responsibility system (ECTRS). This article examines this important governance instrument from three key aspects. First, it explains the role of the ECTRS in China's authoritarian yet decentralized governance system. Second, it traces the development of the ECTRS over the last decade, with a specific focus on the reforms introduced in the 13th 5-Year Plan (2016–2020), particularly the energy caps. Third, it analyzes the limitations of the ECTRS and provides a policy outlook in the context of growing domestic and international interests in energy conservation. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
- View/download PDF
8. Energy consumption and emission policies for the US and China.
- Author
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Almansoori, A.
- Subjects
ENERGY policy ,CLIMATE change ,GREENHOUSE gas mitigation ,ENERGY consumption - Abstract
This study assesses the need for a future climate change protocol with the aim to protect the environment and reduce global warming trends. Such protocol shall provide a framework for developed nations, such as the United States, as well as developing nations, such as China, in order to further improve both their economy and their standards of living. Considering the elaboration of the future emission reduction framework, a comprehensive understanding of the current and future energy consumption portfolios is provided. The United States and China were used as illustrative examples and the existing emission reduction policies as basis. As a result, it was found that there is an urgent need to formulate such protocol. [ABSTRACT FROM PUBLISHER]
- Published
- 2017
- Full Text
- View/download PDF
9. The Abatement of Carbon Dioxide Intensity in China: Factors Decomposition and Policy Implications.
- Author
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Chen, Shiyi
- Subjects
ENVIRONMENTAL policy ,ENERGY policy ,ENERGY consumption ,ENERGY conservation ,CARBON dioxide ,CLIMATE change - Abstract
To deal with the challenges brought about by climate changes, China decided to reduce the carbon dioxide (CO
2 ) intensity by 40-45 per cent from 2005 to 2020. Using the decomposition technique, this study finds that energy intensity is the most important force to drive the decline of CO2 intensity between 1980 and 2008, followed by structural factors such as the adjustment of energy and industrial structure. Therefore, any environmental policy to promote energy efficiency will play the biggest role in achieving the target of abating CO2 intensity in 2020. [ABSTRACT FROM AUTHOR]- Published
- 2011
- Full Text
- View/download PDF
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