The Economic and Environmental Challenges of Energy Supply Disruptions in China
European Journal of Economics, Finance and Administrative Sciences ISSN 1450-2275 Issue 34 (2011)
12 Pages Posted: 20 Jun 2015
Date Written: June 20, 2015
The twin crisis of extensive electricity shortages and the surge in oil demand conveys to the world the inherent weaknesses in China’s energy policy instruments. As a country that has enjoyed vibrant growth and relative national stability in recent history and has been striving to ensure that energy does not constitute a bane on this impressive growth profile, energy security has turn out to be the critical basis for achieving the country’s strategic set target of a four-fold increase on its year 2000 gross domestic product (GDP) by 2020. To this end, the paper investigates the economic and environmental challenges of possible energy supply disruptions in China. The findings indicate that China will need to maintain a more diversified energy portfolio and supply sources, manage domestic consumption, invest adequately on alternative energy and modern emission reduction technologies in order to achieve a secured energy future.
Keywords: Energy security, energy supply, GDP, China
JEL Classification: Q41, Q42
Suggested Citation: Suggested Citation