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Modeling Green Energy Development Based on Sustainable Economic Growth in China

Author

Listed:
  • Zhijuan Zhang

    (School of Business, Henan University, Kaifeng 475004, China)

  • Marcin Lis

    (Department of Management, Faculty of Applied Sciences, WSB University, 41-300 Dąbrowa Górnicza, Poland)

Abstract

Industrial development of the economic system of any state is directly related to the use of energy potential. China’s industrial breakthrough is no exception. Today, China is one of the largest importers–consumers of oil, whose economy is extremely dependent on the energy market. The growing production and population, as well as climatic changes that directly determine the well-being of society, have become the causal basis for the development of alternative ways of generating energy. The aim of the study is to model the implementation of the sustainable development strategy in China through the production and use of biofuels. The simulation is made taking into account the following. The production capacities of Chinese licensed producers of fuel ethanol are calculated. The efficiency of bioethanol production from various types of biological raw materials is evaluated. An economic and mathematical model of bioethanol production is built. The article forecasts the profitability of bioethanol sales from various types of biological raw materials (sugar sorghum, corn) in Chinese and European markets. The study comprehensively reveals the features of the use of biofuels in an industrial country, taking into account geopolitical factors, social and market contexts, as well as technical analysis of the raw materials and production potential of Chinese companies. The article also interprets the economic processes associated with the introduction of biofuels in the ecological and economic systems of China. The article demonstrates other concepts regarding the consequences of the energy sector’s transition to the principles of energy production from biomass. The article shows the contradictory nature of the impact of biofuel production on the food market and the agricultural sector. The article analyzes possible social, resource and macroeconomic risks, and also indicates possible vectors for further research that might be aimed at diversifying the associated negative processes.

Suggested Citation

  • Zhijuan Zhang & Marcin Lis, 2020. "Modeling Green Energy Development Based on Sustainable Economic Growth in China," Sustainability, MDPI, vol. 12(4), pages 1-18, February.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:4:p:1368-:d:320067
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    References listed on IDEAS

    as
    1. Samuel D. Barrows, 2018. "Are Oil Industry Mergers Becoming Less Profitable?," International Journal of Energy Economics and Policy, Econjournals, vol. 8(2), pages 31-38.
    2. Cheng-Yih Hong & Chen-Jung Hsu, 2018. "Economic Growth, Oil Consumption and Import Intensity: Factor Decomposition of Imported Crude Oil Model Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 8(4), pages 152-156.
    3. Saud Althaqeb, 2017. "Survey of Energy Finance on the Corporate World," International Journal of Energy Economics and Policy, Econjournals, vol. 7(6), pages 153-158.
    4. Leonty Viktorovich Eder & Irina Filimonova & Vasiliy Nemov & Irina Provornaya, 2018. "Forecasting Sustainable Development of Transport Sectors of Russia and EU: Energy Consumption and Efficiency," International Journal of Energy Economics and Policy, Econjournals, vol. 8(2), pages 74-80.
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    Cited by:

    1. Nicolás M. Clauser & Giselle González & Carolina M. Mendieta & Julia Kruyeniski & María C. Area & María E. Vallejos, 2021. "Biomass Waste as Sustainable Raw Material for Energy and Fuels," Sustainability, MDPI, vol. 13(2), pages 1-21, January.
    2. Luqman Razzaq & Muhammad Farooq & M. A. Mujtaba & Farooq Sher & Muhammad Farhan & Muhammad Tahir Hassan & Manzoore Elahi M. Soudagar & A. E. Atabani & M. A. Kalam & Muhammad Imran, 2020. "Modeling Viscosity and Density of Ethanol-Diesel-Biodiesel Ternary Blends for Sustainable Environment," Sustainability, MDPI, vol. 12(12), pages 1-20, June.
    3. Widodo Widodo & Mochamad Bruri Triyono & Putu Sudira & Farid Mutohhari, 2023. "Building Sustainable Creative Economy in Society through the Mediation Role of Innovation Behavior," Sustainability, MDPI, vol. 15(14), pages 1-14, July.
    4. Yuqing Liao & Yongchao Ma & Jingliang Chen & Ruirui Liu, 2020. "Evaluation of the Level of Sustainable Development of Provinces in China from 2012 to 2018: A Study Based on the Improved Entropy Coefficient-TOPSIS Method," Sustainability, MDPI, vol. 12(7), pages 1-19, March.
    5. Ashebir, Seyoum Feyisa, 2022. "Review of the Role of Orphan Crops in Food Security," Research on World Agricultural Economy, Nan Yang Academy of Sciences Pte Ltd (NASS), vol. 3(2), April.
    6. Araghi, Mansour Khalili & Barkhordari, Sajjad & Hassannia, Razeih, 2023. "Economic impacts of producing bioethanol in Iran: A CGE approach," Energy, Elsevier, vol. 263(PC).
    7. Huaping Zhang & Yue Dong, 2022. "Measurement and Spatial Correlations of Green Total Factor Productivities of Chinese Provinces," Sustainability, MDPI, vol. 14(9), pages 1-15, April.
    8. Cabrera-Jiménez, Richard & Mateo-Sanz, Josep M. & Gavaldà, Jordi & Jiménez, Laureano & Pozo, Carlos, 2022. "Comparing biofuels through the lens of sustainability: A data envelopment analysis approach," Applied Energy, Elsevier, vol. 307(C).

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