Sustainability Assessment of the Natural Gas Industry in China Using Principal Component Analysis

Xiucheng Dong, Jie Guo, Mikael Höök and Guanglin Pi
Additional contact information
Xiucheng Dong: School of Business Administration, China University of Petroleum (Beijing), Beijing 102249, China
Jie Guo: School of Business Administration, China University of Petroleum (Beijing), Beijing 102249, China
Mikael Höök: Global Energy Systems, Department of Earth Sciences, Uppsala University, Villavägen 16, SE-751 21 Uppsala, Sweden
Guanglin Pi: School of Business Administration, China University of Petroleum (Beijing), Beijing 102249, China

Sustainability, 2015, vol. 7, issue 5, 1-17

Abstract: Under pressure toward carbon emission reduction and air protection, China has accelerated energy restructuring by greatly improving the supply and consumption of natural gas in recent years. However, several issues with the sustainable development of the natural gas industry in China still need in-depth discussion. Therefore, based on the fundamental ideas of sustainable development, industrial development theories and features of the natural gas industry, a sustainable development theory is proposed in this thesis. The theory consists of five parts: resource, market, enterprise, technology and policy. The five parts, which unite for mutual connection and promotion, push the gas industry’s development forward together. Furthermore, based on the theoretical structure, the Natural Gas Industry Sustainability Index in China is established and evaluated via the Principal Component Analysis (PCA) method. Finally, a conclusion is reached: that the sustainability of the natural gas industry in China kept rising from 2008 to 2013, mainly benefiting from increasing supply and demand, the enhancement of enterprise profits, technological innovation, policy support and the optimization and reformation of the gas market.

Keywords: natural gas industry; sustainable development; sustainability assessment; principal component analysis (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
https://www.mdpi.com/2071-1050/7/5/6102/pdf (application/pdf)
https://www.mdpi.com/2071-1050/7/5/6102/ (text/html)

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:gam:jsusta:v:7:y:2015:i:5:p:6102-6118:d:49791

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().