Impact of International Oil Price on Energy Conservation and Emission Reduction in China

doi:10.3390/su8060508

	Impact of International Oil Price on Energy Conservation and Emission Reduction in China
	Chai, Jian 1,2,3; Zhou, Youhong 2; Liang, Ting 2; Xing, Limin 2; Lai, Kin Keung 4
刊名	SUSTAINABILITY
	2016-06-01
卷号	8 期号:6 页码:17
关键词	WTI crude oil price energy conservation and emission reduction path analysis SVAR model
ISSN号	2071-1050
DOI	10.3390/su8060508
英文摘要	In the context of "new normal" economy and frequent "haze", the strategy of energy conservation and emission reduction aiming to lower costs and reduce pollution is currently still a major strategic direction in China and the world, and will remain so for some time in the future. This paper uses the annual data of West Texas Intermediate (WTI) crude oil price in 1987-2014 as samples. We firstly present the direction and mechanism of the influence of oil price change on total consumption of every kind of energy by path analysis, and then consider establishing a Structural Vector Autoregression model of energy conservation and emission reduction in three statuses. Research shows that if the international oil price increases by 1%, the energy consumption per GDP and carbon dioxide emission increase by 0.092% and 0.053% respectively in the corresponding period. In the status of high energy consumption and high emission, if the international oil price increases by 1%, the energy consumption per GDP and carbon dioxide emission increase by 0.043% and 0.065% respectively in the corresponding period. In the status of low energy consumption and low emission, if the international oil price increases by 1%, the energy consumption per GDP per unit increases by 0.067% and carbon dioxide emission decreases by 0.085% in the corresponding period.
资助项目	National Natural Science Foundation of China (NSFC)[71473155] ; Postdoctoral Science Foundation special funds project of China[2014T70130] ; Young Star of Science and Technology plan project of China's shaanxi province[2016KJXX-14]
WOS研究方向	Environmental Sciences & Ecology
语种	英语
出版者	MDPI AG
WOS记录号	WOS:000378776800005
内容类型	期刊论文
源URL	[http://ir.amss.ac.cn/handle/2S8OKBNM/22964]
专题	中国科学院数学与系统科学研究院
通讯作者	Zhou, Youhong
作者单位	1.Xidian Univ, Sch Econ & Management, Xian 710126, Peoples R China 2.Shaanxi Normal Univ, Int Business Sch, Xian 710119, Peoples R China 3.Chinese Acad Sci, Acad Math & Syst Sci, Beijing 100190, Peoples R China 4.City Univ Hong Kong, Dept Management Sci, Hong Kong, Hong Kong, Peoples R China
推荐引用方式 GB/T 7714	Chai, Jian,Zhou, Youhong,Liang, Ting,et al. Impact of International Oil Price on Energy Conservation and Emission Reduction in China[J]. SUSTAINABILITY,2016,8(6):17.
APA	Chai, Jian,Zhou, Youhong,Liang, Ting,Xing, Limin,&Lai, Kin Keung.(2016).Impact of International Oil Price on Energy Conservation and Emission Reduction in China.SUSTAINABILITY,8(6),17.
MLA	Chai, Jian,et al."Impact of International Oil Price on Energy Conservation and Emission Reduction in China".SUSTAINABILITY 8.6(2016):17.