The Impact of International Relations Patterns on China’s Energy Security Supply, Demand, and Sustainable Development: An Exploration of Oil Demand and Sustainability Goals

Sheng Zhang, Yifu Yang (), Chengdi Ding and Zhongquan Miao
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Sheng Zhang: School of Environment, Tsinghua University, Beijing 100084, China
Yifu Yang: School of Economics, Shanghai University, Shanghai 200444, China
Chengdi Ding: State Grid Tianjin Electric Power Company, Tianjin 300010, China
Zhongquan Miao: Energy Research Institute, State Grid Energy Research Institute Co., Ltd., Beijing 102209, China

Sustainability, 2023, vol. 15, issue 17, 1-12

Abstract: This study explores the impact of international relations on China’s energy security and supply/demand dynamics, specifically focusing on new energy sources and technological advancements. Given China’s status as the world’s largest energy consumer, achieving a balance between energy supply, demand, and sustainable development is crucial. This study quantifies the influence of international relations on the energy market, particularly the uncertainties arising from geopolitical events and international tensions that affect energy supply and prices. The research findings indicate that, in a long-term cointegrated relationship, a 1% change in the geo-political risk (GPR) index leads to a 0.229% change in China’s crude oil imports. Additionally, the impact of China’s GDP growth, carbon emissions, and sustainable energy consumption is −2.176, 0.723, and 0.167, respectively. This study also discusses the reasons behind the differential impact of crude oil prices on the United States and China. Recognizing the interplay between China’s energy security and international relations is vital for effective policy formulation. This study provides valuable insights for policymakers and stakeholders to ensure a sustainable and secure energy future.

Keywords: energy security; geopolitics; international relations; new energy; sustainable development (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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