Energy Economics: Energy Efficiency in China by Yi-Ming Wei, Hua Liao

By Yi-Ming Wei, Hua Liao

This booklet provides a succinct evaluate of analysis on China's power potency as studied by way of the guts for power & Environmental coverage examine (CEEP), Beijing Institute of expertise (BIT). power potency, linking power offer, call for and marketplace, is important to the world's strength improvement. China consumes one fourth of the world's power at present, besides the fact that its according to capital intake is not any greater than half that during OECD international locations. This booklet offers a entire remedy of the placement of China's power improvement, proposes and summarizes the methodologies of strength potency size, and makes use of those the way to research the strength intake at sectoral and provincial point, the affects of financial constitution at the power macro-efficiency, the cost elasticity of oil call for, and effort potency regulations simulations. The publication presents medical help for researchers and coverage makers facing strength efficiency.

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Moreover, it is highly efficient, low in pollution, and operationally flexible. At the early stage of natural gas development, it was difficult to realize large-scale exploitation and trade natural gas internationally or inter-regionally because of the restrictions of storage technology. Instead, it was always consumed locally or transformed into electricity. With the rapid development of gas-storage technologies, natural gas pipelines, LNG carriers, and transition stations, large-scale natural gas exploitation, storage, and trading are possible.

The data also indicate that world ethanol production in 2008 was 67 billion liters and biodiesel production was 12 billion liters. 5 126 500 90 121 13 145 670 120 61 % of the world’s total in 2008, with an annual production of 34 and 27 billion liters, respectively. The European Union led in terms of biodiesel production, with an annual production of 8 billion liters in 2008 or two-thirds of the world’s total. 5 % of the world’s total. The Chinese government is determined to develop non-fossil fuels and it plans to raise the proportion of non-fossil fuels in primary energy consumption to 15 % by 2020.

2) The propulsion of the development stages, the discovery and advancement of large-scale oil and gas resources, the international geopolitical changes of the energy resources, and the national government policy preferences have greatly influenced the trend of changes in the energy production structure. Energy demand has grown quickly in the developing countries, whose incremental energy production has mainly come from fossil fuels. As 100% 80% 60% 40% 20% 0% World China India Germany US Russia Canada UK Italy Japan France Brazil Coal Oil Natural gas Nuclear Hydro Other resources Fig.

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