Institutional constraints to China's low carbon transition: A case study of China's coal-to-gas program

Guoliang Luo, Shanshan Liu, Xiaohui Yan and Yiwei Guo

Structural Change and Economic Dynamics, 2021, vol. 57, issue C, 121-135

Abstract: In the winter of 2017, Beijing-Tianjin-Hebei (Jing-Jin-Ji) and the peripheral provinces carried out the Coal-to-Gas Program. Meanwhile, the “shortage of natural gas (gas shortage)” became worse. The paper builds an framework to analyze the reason for China's gas shortage from the aspect of the natural gas industrial chain. The oligopoly of the upper, middle and lower stages from exploration, exploitation to pipeline networking, storage and transportation, and distribution of the natural gas industry leads to the absence of the price transmission and incentive system in the industry, severely hindering the improvement of the supply and emergency response capacity of natural gas. The oligopoly of upstream mineral rights leads to insufficient supply of gas storage in China. Lack of social capital lead to a lack of competition for gas supplies. The development of natural gas lacks spot market, futures market and effective regulatory system, Reform of the gas market still has a long way to go in China.

Keywords: Natural gas industrial chain; Gas shortage; Energy regime; Price mechanism; Coal-to-Gas program (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0954349X21000059
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:streco:v:57:y:2021:i:c:p:121-135

DOI: 10.1016/j.strueco.2021.01.005

Access Statistics for this article

Structural Change and Economic Dynamics is currently edited by F. Duchin, H. Hagemann, M. Landesmann, R. Scazzieri, A. Steenge and B. Verspagen

More articles in Structural Change and Economic Dynamics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().