Energy Economics : Modeling and Empirical Analysis in China

With rising international oil prices greatly increasing the energy costs of China’s economic growth, national energy security has become a strategic issue for China’s government and society. Providing a reference for China’s energy policy making, this volume focuses on significant issues concerning China’s current energy strategies and policies. It covers the structural features of China’s energy economy, the forecasting of China’s energy supply and demand, and fluctuations in the international oil market and China’s counter measures. It also explores energy-environmental problems, the reduction of CO₂ emissions, strategic petroleum reserves, and the progress of energy technology.

Energy, just like labor and capital, is universally acknowledged to be the fundamental production factor and strategic resource of an industrial society. China’s sustained rapid economic growth has resulted in its ever-growing energy import dependency, especially oil. Meanwhile, world energy markets have fluctuated dramatically, and international crude oil prices have risen sharply. These factors have combined to make national energy security a hot strategic issue for China’s government and society.

Focusing on these issues, Energy Economics: Modeling and Empirical Analysis in China includes analyzes of the scenarios of different policies. A comprehensive reference on China’s energy policy, the book covers:

• Gross and structural features of China’s energy economy



• Forecasting of China’s energy supply and demand



• Fluctuations in the international oil market and China’s counter-measures



• Energy-environment problems and reduction in CO₂ emissions



• Strategic petroleum reserves and national energy security



• Energy technology progress and change

The first volume of a series of China Energy Reports, this book is a collection of the research results on energy strategy and policy issues investigated by the Center for Energy & Environmental Policy Research (CEEP), Institute of Policy and Management (IPM), and Chinese Academy of Sciences (CAS). It only analyzes the policies of the issue, but also briefly discusses econometric models and methodologies, data sources and pretreatment, and present empirical result analyses and discussions and opportunities for further study. Exploring changes in the international and domestic energy-economy, the book provides support for decision-makers and promotes the exchange of findings with energy policy research peers.