A quantitative assessment of energy strategy evolution in China and US

Energy strategy evolution of China and US is assessed quantitatively based on Bai and Perron’ s structure breaks test. Results indicate no break for time series of energy intensity, while series of carbon emissions per GDP, proportion of renewable energy production and oil importing reliance are cha...

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Bibliographic Details
Published in:Renewable & sustainable energy reviews 2011-01, Vol.15 (1), p.886-890
Main Authors: Zhang, Huiming, Zhou, Dequn, Cao, Jie
Format: Article
Language:English
Subjects:
Applied sciences
BP structure breaks test
Breaking
Carbon
China
Economic data
emissions
Energy
Energy consumption
Energy economics
Energy policy
Energy strategy
Energy strategy Evolution BP structure breaks test
Evolution
Exact sciences and technology
General, economic and professional studies
issues and policy
Methodology. Modelling
oils
Policies
pollution
Renewable energy
renewable energy sources
Strategy
time series analysis
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Summary:Energy strategy evolution of China and US is assessed quantitatively based on Bai and Perron’ s structure breaks test. Results indicate no break for time series of energy intensity, while series of carbon emissions per GDP, proportion of renewable energy production and oil importing reliance are characterized as segmented trend stationary process around one or two structural breaks. Execution of China and US energy strategies does not change the growth path of carbon emissions per GDP, and the pollution caused by energy production and consumption is one of the problems to be solved urgently. The impact of China energy strategy on the proportion of renewable energy production is inconsistent with that of US, suggesting that China can learn from the diversified energy supply, renewable energy quota system policies, and R&D incentive policies of US. Energy strategies in China and US pose a significant impact on the oil importing reliance, indicating that the strategy to reduce the oil dependence from US is not working.
ISSN:1364-0321
1879-0690
DOI:10.1016/j.rser.2010.09.021