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The Sleeping Giant Awakes: Projecting Global Implications of China's Energy Consumption

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  • Jian Zhang
  • Denise Eby Konan

Abstract

China's rapid economic growth has generated a surge in energy demand that is reallocating global fuel balances. We employ a global energy computable general-equilibrium model to analyze alternative scenarios for economic growth, Chinese currency appreciation, and oil price shocks, with a special focus on China energy markets. Imports from the Middle East, Central Asia, Russia, and Sub-Saharan Africa are found to comprise a growing share of China's energy. Imports to China grow from 12% of world energy imports in 2010 to 17% by 2050 when over 80% of China's oil demand will be imported. Copyright (C) 2010 Blackwell Publishing Ltd.

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  • Jian Zhang & Denise Eby Konan, 2010. "The Sleeping Giant Awakes: Projecting Global Implications of China's Energy Consumption," Review of Development Economics, Wiley Blackwell, vol. 14(4), pages 750-767, November.
  • Handle: RePEc:bla:rdevec:v:14:y:2010:i:4:p:750-767
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    Cited by:

    1. Bilgen, S., 2014. "Structure and environmental impact of global energy consumption," Renewable and Sustainable Energy Reviews, Elsevier, vol. 38(C), pages 890-902.

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