Energy Security and Sustainable Economic Growth in China by Maria Jesus Herrerias Shujie Yao

By Maria Jesus Herrerias Shujie Yao

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Climate change and carbon output is one of the special concerns of the international community. Broadly speaking, non-OECD economies will account for the majority of carbon emissions by 2035, when these countries will double the OECD’s ones. 7 per cent). Emissions increases in Asian economies are mainly due to coal, although emissions from liquids and natural gas are not negligible. In the case of Russia, its small increase in this period is explained by the expected decline in population and the higher reliance on nuclear energy to meet the future demand.

10 Indonesia India CO2 emissions (metric tons per capita) Source: The World Bank Data, 2012. 11 CO2 emissions (kt) per energy use (kt of oil equivalent) Source: The World Bank Data, 2012. Brazil Indonesia Colombia Russian Federation Chile Argentina Venezuela, RB Mexico Thailand Peru India Malaysia Turkey Poland 0 China 1 International Comparison in the Energy Sector 19 To understand the differences between the CO2 emissions across countries, we also consider CO2 emissions by sectors: manufactures, residential consumption, transport, electricity and heat, and others.

This growth is led by the energy-intensive industries, such as petrochemicals, iron and steel and non-metallic minerals, which consumed most of the energy used in the industrial sector. Petrochemical production has expanded rapidly through domestic firms such as Sinopec and PetroChina and international investment from multinational firms, such as ExxonMobil (EIA, 2012b). These companies should focus on reducing energy consumption, which represents an important proportion of their production costs, by improving the electricity efficiency of electrical equipment.

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