Economic Cycles And The Responsiveness Of Natural Gas Demand In China S Residential Sector
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Economic Cycles And The Responsiveness Of Natural Gas Demand In China S Residential Sector
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Author : Noha H. A. Razek
language : en
Publisher:
Release Date : 2019
Economic Cycles And The Responsiveness Of Natural Gas Demand In China S Residential Sector written by Noha H. A. Razek and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
The current 13th Five-Year Plan endorses the use of natural gas to achieve a cleaner energy mix. The objective of this research is to examine household natural gas demand and provide insights to natural gas exporters. Research on natural gas demand and cycles in China is valuable, because small changes in China's demand (and hence import requirements) can have significant impacts on the global market. Five-Year cycles can trigger longer cyclical swings. In 1996, the 8th National People's Congress passed a long-term plan to bolster heavy industry, resulting in an increase in urbanization and infrastructure development, and contributing to increased natural gas consumption. I apply an unobserved components model (UCM) to deal with data limitations and non-stationary relationship between variables, account for technological progress and periodically-changing administered prices, and allow for stochastic cycles to capture the effects of Five-Year Plans and economic cycle fluctuations. The estimated economic cycle captures the surge in economic growth in the early 2000s and the slowdown in economic growth and aggregate consumption due to decreased investment since 2013. Price changes, income growth, and increased infrastructure development (as manifested in the cyclical effect) contributed to the rise in demand. Natural gas is a normal good that is price-sensitive and approximately unit income-elastic. It is the preferred choice when accessible, and demand is still evolving and less likely to increase solely due to increased affordability. These results are robust to different variations that include allowing the stochastic level to capture the cycles and using a longer simulated price variable. Hence, in addition to income growth and natural gas price reform, environmental regulations to suppress coal consumption and government policies to foster natural gas accessibility by expanding infrastructure investment and development are vital to achieving a cleaner energy mix.
Energy Economy In China
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Author : Kang Wu
language : en
Publisher: World Scientific
Release Date : 2013
Energy Economy In China written by Kang Wu and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Business & Economics categories.
The key subjects of the book are policy imperatives, market dynamics and regional developments concerning oil and gas, as well as energy as a whole in China. In addition to national policies and issues, the objective of this book is to study China's regional oil and gas demand, supply and trade, energy balances, and economic development, with projections up till 2030. Particular emphasis will be given to challenges facing the Chinese government in ensuring future oil supplies, pipeline and liquefied natural gas (LNG) imports, energy security, downstream oil refining sector developments, the use of natural gas for power generation, and oil and gas related environmental issues. The impact of China's oil and gas sector developments, market dynamics, rising imports, and overseas investment on the Asia-Pacific region and the world at large are examined.Energy Economy in China also reviews current and future oil refining projects, gas pipelines, LNG import terminals, and emerging new markets in China over the next fifteen years.
China S Gas Development Strategies
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Author : Shell International B.V.
language : en
Publisher: Springer
Release Date : 2017-11-23
China S Gas Development Strategies written by Shell International B.V. and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-23 with Science categories.
This book is open access under a CC BY 4.0 license. This book examines how China can increase the share of natural gas in its energy system. China’s energy strategy has global ramifications and impact, and central to this strategy is the country’s transition from coal to gas. The book presents the culmination of a two-year collaboration between the Development Research Center of the State Council (DRC) and Shell. With the Chinese government’s strategic aim to increase the share of gas in the energy mix from 5.8% in 2014 to 10% and 15% in 2020 and 2030 respectively, the book outlines how China can achieve its gas targets. Providing both quantifiable metrics and policy measures for the transition, it is a much needed addition to the literature on Chinese energy policy. The research and the resulting recommendations of this study have fed directly into the Chinese government’s 13th Five-Year Plan, and provide unique insights into the Chinese government and policy-making. Due to its global impact, the book is a valuable resource for policy makers in both China and the rest of the world.
China And The Global Energy Crisis
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Author : T. Kambara
language : en
Publisher: Edward Elgar Publishing
Release Date : 2007-01-01
China And The Global Energy Crisis written by T. Kambara and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-01-01 with Business & Economics categories.
. . . a very detailed and fascinating description of the development of China s oil and natural gas industry and an assessment of its prospects. . . certainly a recommended read. Anthony D. Owen, Asia Pacific Journal of Economics and Business . . . this book should be a part of the library of anyone interested in the Chinese energy system. New Zealand Journal of Asian Studies This is a timely and important book to help enhance understanding of China s petroleum industry and to assess China s energy policy in a more sensible way. Janet Xuanli Liao, The China Journal This is a timely volume. Understanding the oil and gas industry that China has at home is an essential prerequisite to understanding Chinese foreign policy and the future role of China in world oil and gas markets. It is certain to be a major one. From the preface by Ron Oxburgh, Lord Oxburgh of Liverpool, (Climate Change Capital) China s rapid economic development is having profound implications for energy resources. China has always been exceptionally reliant on its abundant coal, but consumption of oil and gas have grown rapidly since reform began in the 1980s. In spite of vigorous domestic development most recently in the Tarim Basin China is now consuming approximately 8 per cent of the world s oil output but producing only 4 per cent. China s emergence as an energy importer has given rise to concerns that it is a major contributor to recent turmoil in energy markets. This book examines China s record of oil and gas development, its refining capacity, and energy prospects. The authors conclude that there are no fundamental reasons for anxiety about China s demands on the world energy economy, but they emphasize that its energy future will depend critically on a continuation of reform and internationalization. China and the Global Energy Crisis is a concise but detailed study of these issues. This book will appeal not only to readers concerned with China and energy issues, but also to a wider readership seeking to understand China s development and its global meaning.
Developing China S Natural Gas Market
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Author : International Energy Agency
language : en
Publisher:
Release Date : 2002
Developing China S Natural Gas Market written by International Energy Agency and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
Driven by an increasing recognition of the many advantages of natural gas and by the need to diversify its coal-dominated energy supply, China's natural gas industry is poised for rapid expansion. Some major gas infrastructure projects have been launched to support ambitious gas growth targets in the country for the next five years and beyond. Other countries within the IEA and outside, have faced similar challenges in developing their gas markets, but the challenges faced by China are far greater. Chinese gas reserves are relatively limited and are located far from the main centres of demand; cheap alternatives are available; there is a lack of related technology and skill; and knowledge of how best to develop markets is not widespread. This report attempts to address these challenges.
Liquefied Natural Gas In China
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Author : Dean Girdis
language : en
Publisher: World Bank Publications
Release Date : 2000-01-01
Liquefied Natural Gas In China written by Dean Girdis and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-01-01 with Nature categories.
A report on key issues and options relating to the development of a liquefied natural gas (LNG) project in China. The objectives of the study were to examine the projected market for gas and to review the mechanisms and structures necessary to support the introduction of gas.
Developing China S Natural Gas Market
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Author : International Energy Agency
language : en
Publisher:
Release Date : 2002
Developing China S Natural Gas Market written by International Energy Agency and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with categories.
China S Energy Revolution In The Context Of The Global Energy Transition
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Author : Shell International B.V.
language : en
Publisher: Springer Nature
Release Date : 2020-05-29
China S Energy Revolution In The Context Of The Global Energy Transition written by Shell International B.V. and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-29 with Science categories.
This open access book is an encyclopaedic analysis of the current and future energy system of the world’s most populous country and second biggest economy. What happens in China impacts the planet. In the past 40 years China has achieved one of the most remarkable economic growth rates in history. Its GDP has risen by a factor of 65, enabling 850,000 people to rise out of poverty. Growth on this scale comes with consequences. China is the world’s biggest consumer of primary energy and the world’s biggest emitter of CO2 emissions. Creating a prosperous and harmonious society that delivers economic growth and a high quality of life for all will require radical change in the energy sector, and a rewiring of the economy more widely. In China’s Energy Revolution in the Context of the Global Energy Transition, a team of researchers from the Development Research Center of the State Council of China and Shell International examine how China can revolutionise its supply and use of energy. They examine the entire energy system: coal, oil, gas, nuclear, renewables and new energies in production, conversion, distribution and consumption. They compare China with case studies and lessons learned in other countries. They ask which technology, policy and market mechanisms are required to support the change and they explore how international cooperation can smooth the way to an energy revolution in China and across the world. And, they create and compare scenarios on possible pathways to a future energy system that is low-carbon, affordable, secure and reliable.
District Cooling In The People S Republic Of China
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Author : Asian Development Bank
language : en
Publisher: Asian Development Bank
Release Date : 2017-02-01
District Cooling In The People S Republic Of China written by Asian Development Bank and has been published by Asian Development Bank this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-02-01 with Political Science categories.
This report defines the concept of district cooling and summarizes its benefits and challenges then presents technologies used in the process---including stand-alone as well as integrated or cogeneration (or even trigeneration) solutions. It also discusses business models followed in the district cooling sector and considers the financial feasibility of district cooling projects and goes over the various regulations regarding district cooling. The report then looks into how district cooling has developed worldwide and examines the district cooling market in the People's Republic of China, then recommends steps that should be taken for the further development of district cooling in the country.
Fuel Cells
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Author : Detlef Stolten
language : en
Publisher: John Wiley & Sons
Release Date : 2016-05-31
Fuel Cells written by Detlef Stolten and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-31 with Technology & Engineering categories.
This ready reference is unique in collating in one scientifically precise and comprehensive handbook the widespread data on what is feasible and realistic in modern fuel cell technology. Edited by one of the leading scientists in this exciting area, the short, uniformly written chapters provide economic data for cost considerations and a full overview of demonstration data, covering such topics as fuel cells for transportation, fuel provision, codes and standards. The result is highly reliable facts and figures for engineers, researchers and decision makers working in the field of fuel cells.
