The Impact of Sino-US Clean Energy Trade Complementarity on China’s Clean Energy Consumption

Yaowu Dong, Ruoxi Hu, Denghui Duan

2021

Abstract

This paper analyzes the dynamic relationship between Sino--US clean energy trade complementary index and China’s clean energy consumption by using autoregressive distributed lagged model (ARDL) based on the sample data from 1992 to 2017. The results show that there is a long-term cointegration relationship among Sino—US clean energy trade complementary index, China’s clean energy consumption, economic growth, and energy intensity. In the long run, the complementarity of clean energy trade between China and the United States has a negative impact on the growth of China’s clean energy consumption, proves that the complementary relationship between U.S. clean energy export growth and China’s import growth is only reflected in theory, and there is no actual trade complementarity ,reflected in the trade between the two countries. In the long run, the increase of per capita GDP and the decrease of energy intensity will be accompanied by the increasing clean energy in China, which indicates that China is in the process of energy structure optimization, and with the economic growth, the proportion of clean energy utilization is also increasing. Besides, in the short term, the industrial structure has a positive impact on China’s clean energy consumption, and clean energy consumption in the first lag stage also promotes the clean energy consumption in the current period, while other factors do not significantly contribute to clean energy consumption in China. Finally, on the basis of empirical analysis, the corresponding countermeasures and suggestions are put forward.

Paper Citation

in Harvard Style

Dong Y., Hu R. and Duan D. (2021). The Impact of Sino-US Clean Energy Trade Complementarity on China’s Clean Energy Consumption. In Proceedings of the 1st International Joint Conference on Energy and Environmental Engineering - Volume 1: CoEEE, ISBN 978-989-758-599-9, pages 10-17. DOI: 10.5220/0011104000003355

in Bibtex Style

@conference{coeee21,
author={Yaowu Dong and Ruoxi Hu and Denghui Duan},
title={The Impact of Sino-US Clean Energy Trade Complementarity on China’s Clean Energy Consumption},
booktitle={Proceedings of the 1st International Joint Conference on Energy and Environmental Engineering - Volume 1: CoEEE,},
year={2021},
pages={10-17},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0011104000003355},
isbn={978-989-758-599-9},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st International Joint Conference on Energy and Environmental Engineering - Volume 1: CoEEE,
TI - The Impact of Sino-US Clean Energy Trade Complementarity on China’s Clean Energy Consumption
SN - 978-989-758-599-9
AU - Dong Y.
AU - Hu R.
AU - Duan D.
PY - 2021
SP - 10
EP - 17
DO - 10.5220/0011104000003355