Does new energy consumption conducive to controlling fossil energy consumption and carbon emissions?-Evidence from China

Cang Dingbang, Chen Cang, Chen Qing, Sui Lili and Cui Caiyun

Resources Policy, 2021, vol. 74, issue C

Abstract: New energy consumption has attracted worldwide attention in recent years due to its great significance in alleviating energy poverty and protecting the environment. In this paper, by means of the measurement of energy efficiency, SUR (Seemingly unrelated regression) and scenario simulation methods are used to examine the impacts of new energy consumption on fossil energy consumption and carbon (CO2) emissions in China. The results show that the fossil energy efficiency is gradually improving, while the new energy efficiency tends to decrease. Although new energy consumption can inhibit fossil energy consumption and carbon emissions directly, its interaction with fossil energy efficiency has an indirect promoting effect on fossil energy consumption and carbon emissions. The direct inhibition of new energy consumption on fossil energy consumption and carbon emission are smaller than that of indirect promotion effect. Furthermore, scenario simulation shows that the promotion effect of new energy consumption on carbon emissions and fossil energy consumption in the short term will increase rapidly along with the increasing of new energy consumption, while the inhibit effect will be little fluctuation, and the net effect of new energy on carbon emissions and fossil energy consumption will be showing a promoting. Finally, we find that there is an obvious inverted U-shape relationship between new energy efficiency and fossil energy consumption, new energy efficiency and carbon emission. To reduce fossil energy consumption and carbon emissions, it is necessary to pay more attention to the improvement of new energy efficiency other than fossil energy efficiency.

Keywords: Fossil energy; New energy; Energy efficiency; Carbon emissions; SUR; Scenario simulation (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (25)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301420721004360
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:74:y:2021:i:c:s0301420721004360

DOI: 10.1016/j.resourpol.2021.102427

Access Statistics for this article

Resources Policy is currently edited by R. G. Eggert

More articles in Resources Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().