The Sleeping Giant Awakes: Projecting Global Implications of China's Energy Consumption

• Tác giả: Jian Zhang
• Ngôn ngữ: eng
• Ký hiệu phân loại: 951.1 *China and adjacent areas
• Thông tin xuất bản: 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 290697
• Chủ đề: 1. Economic Development: Agriculture; 2. Energy; 3. Environment; 4. Macroeconomics: Production E230; 5. Natural Resources

Tóm tắt

China's rapid economic growth has generated a surge in energy demand that is reallocating global fuel balances. We employ a global energy computable general-equilibrium model to analyze alternative scenarios for economic growth, Chinese currency appreciation, and oil price shocks, with a special focus on China energy markets. Imports from the Middle East, Central Asia, Russia, and Sub-Saharan Africa are found to comprise a growing share of China's energy. Imports to China grow from 12% of world energy imports in 2010 to 17% by 2050 when over 80% of China's oil demand will be imported.