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Estimates of the potential for energy conservation in the Chinese steel industry

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  • Lin, Boqiang
  • Wu, Ya
  • Zhang, Li
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    Abstract

    The study evaluates the energy saving potential of the Chinese steel industry by studying its potential future energy efficiency gap. In order to predict the future energy efficiency gap, a multivariate regression model combined with risk analysis is developed to estimate future energy intensity of China's steel industry. It is found that R&D intensity, energy saving investment, labor productivity and industry concentration are all important variables that affect energy intensity. We assess the possible measures as to how China's steel industry can narrow the energy efficiency gap with Japan by means of scenario analysis. Using Japan's current energy efficiency level as baseline, the energy saving potential of China's steel industry is more than 200 million ton coal equivalent in 2008, and it would fall to zero in 2020. However, if greater efforts were made to conserve energy, it would be possible to narrow down the energy efficiency gap between China and Japan by around 2015. Finally, using the results of the scenario analysis, future policy priorities for energy conservation in China's steel industry are assessed in this paper.

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    Bibliographic Info

    Article provided by Elsevier in its journal Energy Policy.

    Volume (Year): 39 (2011)
    Issue (Month): 6 (June)
    Pages: 3680-3689

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    Handle: RePEc:eee:enepol:v:39:y:2011:i:6:p:3680-3689

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    Web page: http://www.elsevier.com/locate/enpol

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    Keywords: Energy saving potential China's steel industry Risk analysis;

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    Cited by:
    1. Yang, Tian-Jian & Zhang, Yue-Jun & Huang, Jin & Peng, Ruo-Hong, 2013. "Estimating the energy saving potential of telecom operators in China," Energy Policy, Elsevier, vol. 61(C), pages 448-459.
    2. Lin, Boqiang & Ouyang, Xiaoling, 2014. "Electricity demand and conservation potential in the Chinese nonmetallic mineral products industry," Energy Policy, Elsevier, vol. 68(C), pages 243-253.
    3. Lin, Boqiang & Xie, Chunping, 2013. "Estimation on oil demand and oil saving potential of China's road transport sector," Energy Policy, Elsevier, vol. 61(C), pages 472-482.
    4. Lin, Boqiang & Zhang, Guoliang, 2013. "Estimates of electricity saving potential in Chinese nonferrous metals industry," Energy Policy, Elsevier, vol. 60(C), pages 558-568.

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