Electricity portfolio innovation for energy security: The case of carbon constrained China

Konstantinos J. Chalvatzis and Keagan Rubel

Technological Forecasting and Social Change, 2015, vol. 100, issue C, 267-276

Abstract: China's energy sector is under pressure to achieve secure and affordable supply and a clear decarbonisation path. We examine the longitudinal trajectory of the Chinese electricity supply security and model the near future supply security based on the 12th 5Year Plan. Our approach combines the Shannon–Wiener, Herfindahl–Hirschman and electricity import dependence indices for supply security appraisal. We find that electricity portfolio innovation allows China to provide secure energy supply despite increasing import dependence. It is argued that long-term aggressive deployment of renewable energy will unblock China's coal-biased technological lock-in and increase supply security in all fronts. However, reduced supply diversity in China during the 1990s will not recover until after 2020s due to the long-term coal lock-in that can threaten to hold China back from realising its full potential.

Keywords: Energy security; China; Climate change policy; Diversification; Electricity sector (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (23)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:100:y:2015:i:c:p:267-276

DOI: 10.1016/j.techfore.2015.07.012

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