Energy and the Economy in China

Michal Meidan ()
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Michal Meidan: Oxford Institute for Energy Studies

Chapter Chapter 31 in The Palgrave Handbook of International Energy Economics, 2022, pp 631-647 from Springer

Abstract: Abstract China’s rapid economic growth has generated a voracious appetite for energy. Despite large domestic resources of coal, oil and gas, the country has emerged as a key importer of oil and natural gas, exposing it to vulnerabilities associated with import dependence. Over the course of China’s economic expansion, its energy policy has been geared towards ensuring adequate supplies at affordable prices to end-users, preferring to use administrative measures to regulate supply and demand rather than market mechanisms. Yet as the country’s economic structure shifts away from heavy industry and towards consumer services, its energy needs and choices are changing, while the role of markets is expanding. And the negative environmental impact of China’s energy choices has now become a social concern, as well as an industrial opportunity.

Keywords: China; Energy; Economy; Coal; Oil; Gas; Transformation; Environment; Industry; Services; Households; Energy transition (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-86884-0_31

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DOI: 10.1007/978-3-030-86884-0_31

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