Tuesday, September 17, 2013

China's Search for A New Energy Strategy


Much like the United States, China has an “all of the above” energy strategy: it plans to continue to rely on traditional sources of energy even as it makes the transition to cleaner fuels. And this is only natural. Both countries are continent-sized economies with diverse energy needs and geographically dispersed resources.

But China’s energy situation differs from that of the United States in several notable ways. For starters, the Chinese state’s role in energy looms large, and its hand is seen and deeply felt when it comes to prices. Even more important, China’s per capita resource availability is below the world average -- and even below that of some other developing countries -- yet its total energy consumption could potentially be the largest in history. It is little wonder that China’s energy strategy has been guided by the need to supply enough fuel to power an economy that grew from under $1 trillion in 1997 to more than $8 trillion in 2012.

See full Article: http://www.foreignaffairs.com/articles/139425/damien-ma/chinas-search-for-a-new-energy-strategy