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Energy Trade Cooperation Between China and Regional Comprehensive Economic Partnership Countries Under the Background of Carbon Neutrality

Author

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  • Runhong Lin

    (School of International Trade and Economics, University of International Business and Economics, Beijing 100029, China)

  • Tongjuan Cai

    (Chongyang Institute for Financial Studies, Renmin University of China, Beijing 100872, China)

  • Weixian Wei

    (School of International Trade and Economics, University of International Business and Economics, Beijing 100029, China)

Abstract

At present, the global carbon neutrality action is intended to change the energy structure and promote the development of regional energy trade, which is conducive to alleviating the contradiction between energy supply and demand. Based on this, the paper uses the RCA index to explain the complementary advantages of different types of energy trade among RCEP countries in depth. In addition, the trade gravity model is applied to compare and analyze the various influencing factors of energy trade to seek the best measures for energy trade cooperation. The results show that compared with renewable energy, traditional energy is more complementary. China and Australia have the strongest energy complementarity, followed by ASEAN countries. The GDP, energy trade complementarity, economic liberalization, the trade environment, and the technological level all affect fossil energy trade and renewable energy trade to varying degrees. When the detailed planning of the carbon neutrality target is completed, the effect of each significant factor on trade is stronger. In this regard, the smooth realization of energy trade cooperation between China and the RCEP requires a series of measures to support.

Suggested Citation

  • Runhong Lin & Tongjuan Cai & Weixian Wei, 2025. "Energy Trade Cooperation Between China and Regional Comprehensive Economic Partnership Countries Under the Background of Carbon Neutrality," Energies, MDPI, vol. 18(6), pages 1-16, March.
    • Handle: RePEc:gam:jeners:v:18:y:2025:i:6:p:1319-:d:1607426
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    References listed on IDEAS

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