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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

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.

Suggested Citation

  • Zhang, Huiming & Zhou, Dequn & Cao, Jie, 2011. "A quantitative assessment of energy strategy evolution in China and US," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(1), pages 886-890, January.
    • Handle: RePEc:eee:rensus:v:15:y:2011:i:1:p:886-890
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    References listed on IDEAS

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    1. Jushan Bai & Pierre Perron, 1998. "Estimating and Testing Linear Models with Multiple Structural Changes," Econometrica, Econometric Society, vol. 66(1), pages 47-78, January.
    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. Wang, Yuan & Shi, Rui & Zhang, Chen & He, Yanmin & Jiang, Hongyi & Kubota, Jumpei, 2022. "Structural changes and trends in China's renewable electricity production in the policy evolution process," Renewable Energy, Elsevier, vol. 182(C), pages 879-886.
    2. Feng Qing & Xiaohuan Liu & Zhaoyong Jiang & Shaoda Li, 2020. "Assessment of energy strategy pressure based on geographical information system," Energy & Environment, , vol. 31(6), pages 1031-1054, September.
    3. 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.
    4. Amjad Ali & Wuhua Li & Rashid Hussain & Xiangning He & Barry W. Williams & Abdul Hameed Memon, 2017. "Overview of Current Microgrid Policies, Incentives and Barriers in the European Union, United States and China," Sustainability, MDPI, vol. 9(7), pages 1-28, June.
    5. Weideman, J. & Inglesi-Lotz, R. & Van Heerden, J., 2017. "Structural breaks in renewable energy in South Africa: A Bai & Perron break test application," Renewable and Sustainable Energy Reviews, Elsevier, vol. 78(C), pages 945-954.

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