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A quantitative assessment of energy strategy evolution in China and US

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  • Zhang, Huiming
  • Zhou, Dequn
  • Cao, Jie
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    Abstract

    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.

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    Bibliographic Info

    Article provided by Elsevier in its journal Renewable and Sustainable Energy Reviews.

    Volume (Year): 15 (2011)
    Issue (Month): 1 (January)
    Pages: 886-890

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    Handle: RePEc:eee:rensus:v:15:y:2011:i:1:p:886-890

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    Keywords: Energy strategy Evolution BP structure breaks test;

    References

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    1. Perron, P. & Bai, J., 1995. "Estimating and Testing Linear Models with Multiple Structural Changes," Cahiers de recherche 9552, Centre interuniversitaire de recherche en ├ęconomie quantitative, CIREQ.
    2. Jin, Jang C. & Choi, Jai-Young & Yu, Eden S.H., 2009. "Energy prices, energy conservation, and economic growth: Evidence from the postwar United States," International Review of Economics & Finance, Elsevier, vol. 18(4), pages 691-699, October.
    3. Jushan Bai & Pierre Perron, 2003. "Computation and analysis of multiple structural change models," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 18(1), pages 1-22.
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    Cited by:
    1. You, Jing, 2011. "China's energy consumption and sustainable development: Comparative evidence from GDP and genuine savings," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(6), pages 2984-2989, August.

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