Will China Stop Halfway on the Road to Industrialization?

来源 :China Economist | 被引量 : 0次 | 上传用户:cliff800
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Based on the data published by authorities in People’s Daily,to meet the domestic primary energy need of 4.4bntons of standard coal in 2020,the energy elasticity coefficient should be unreasonably low.We therefore question thereasonableness of this scenario thus designed and instead propose different scenarios and estimate the possible energydemands needed for the whole country’s industrialization and sustainable development.We point out that to meet thefuture energy consumption target of drawing 15 percent of energy from renewable sources and reducing carbon dioxideemissions by 40 to 45 percent from 2005 levels,we must focus on developing renewable energy like solar,wind and biomassenergy,etc. Based on the data published by authorities in People’s Daily, to meet the domestic primary energy need of 4.4bntons of standard coal in 2020, the energy elasticity coefficient should be unreasonably low. We therefore question thereasonableness of this and estimate the possible energydemands needed for the whole country’s industrialization and sustainable development.We point out that to meet thefuture energy consumption target of drawing 15 percent of energy from renewable sources and reducing carbon dioxide emissions by 40 to 45 percent from 2005 levels, we must focus on developing renewable energy like solar, wind and biomassenergy, etc.
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