National Energy Strategy of China

Added on - 29 Apr 2020

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1NATIONAL ENERGY STRATGY OF CHINAExecutive summaryThe aim of the paper is to present a discussion on the energy resources of China has and thesteps the nation is required to take takes in order to conserve and make efficient use of theirenergy resources in the coming time. It has been found that china is rich in its energyresources such as coal, gas and others. However, the increasing economic activity is causingdepletion in these resources. This is because the country is growing at a faster rate of 10percent every year boosted by growing economic activities over time. This compels thecountry to shift its focus to the usage of more renewable energy resources and otherimplementation under Agenda 21.
2NATIONAL ENERGY STRATGY OF CHINAIntroduction:In terms of gross domestic production economy of China owns the second highestrank among the global economies. The Asian country is recorded to be top fastest growingeconomies of world that brings forth largest consumer market. the economy grows at 10%rate consistently for last ten years. China is also the largest manufacturing nation that playsthe role of global manufacturing hub producing and contributing to largest manufacturinggoods. This makes the country become largest exporter to the world. In terms of import, thenation is second largest in the world. All of this information conforms to the fact that thenation requires much energy resources to conduct the production and meet the demandworldwide. As per sources, the country has coal and metals as major natural resourceconsisting almost 90% of the natural energy resources. The nominal value of the total naturalresources is US$23 trillion1.Starting from the economic breakthrough that China faced in 1978, the nationaleconomic growth has been consistently higher paving way for more demand of the energyresources. This has led to supply as well as management of the resources through adoption ofvarious policies and reform subject to foreign exchange, pricing, legal and enterprise of thenation. The national government in order to enhance the performance of the sector as well asbe more able to attract investments has also devised restructuring of the energy industries2.1Andrews-Speed, P. (2012).The governance of energy in China: Transition to a low-carboneconomy. Palgrave Macmillan.2Blackwill, R. D., & Tellis, A. J. (2015).Revising US grand strategy toward China. Councilon Foreign Relations.
3NATIONAL ENERGY STRATGY OF CHINAThis paper aims to present a discussion focusing on the present situation of Chineseenergy resources and the national strategy to conserve and use it in order to ascertain thefuture growth of the economy without negotiating with current pace of the growth rate. Thediscussion outlines the current condition of the energy sector and its future consequences inthe coming years.Current situation in China:The new economic policies and subsequent economic breakthrough in Chineseeconomy propelled the growth of the nation remarkably since then owing mostly due toincreased domestic consumption. Moreover being the largest exporter of manufacturing in theworld, the country is source of huge international demand of goods and services. This induceshuge amount of production that requires enormous supply of power. The majority of powerused by the nation that is almost 80% are generated from the combustion of fossil fuelsproduced in thermal plants. Among this, 17% are produced in hydroelectric installations and2% are sourced from nuclear energy3. The national has huge untapped potential in energyresources, which needs to be channelized and developed in order to bring out more efficientenergy sources. Another important factor playing crucial role behind availability and supplyof the resources is the geographical distribution of it based on the location advantage ordisadvantage. If the source of the resources are distant from the operative area of the industrythen availability and supply of them becomes a challenge4. But if the industries are located3Bridge, G., Bouzarovski, S., Bradshaw, M., & Eyre, N. (2013). Geographies of energytransition: Space, place and the low-carbon economy.Energy Policy,53, 331-340.4Chang, J., Leung, D. Y., Wu, C. Z., & Yuan, Z. H. (2003). A review on the energyproduction, consumption, and prospect of renewable energy in China.Renewable andSustainable Energy Reviews,7(5), 453-468.
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