Journal
ENERGY ECONOMICS
Volume 67, Issue -, Pages 169-181Publisher
ELSEVIER SCIENCE BV
DOI: 10.1016/j.eneco.2017.08.010
Keywords
Energy efficiency performance; Heating value energy intensity; Economic value energy intensity; Energy policy
Categories
Funding
- Ministry of Education of China [14YJC790131]
- Shanghai Municipal Education Commission [14YS123]
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We conduct a comparative analysis of two energy efficiency indicators for China: heating value energy intensity (HEI) and economic value energy intensity (MEI). We formulate 1997-2002-2007-2012 hybrid energy comparable sequence use tables in an input-output accounting framework, and compare the two indicators using a randomized block ANOVA. The results show that MEIs and HEIs have significantly different variability patterns among sectors and are evolutionarily divergent over time. The directional changes in MEI and HEI are found to be inconsistent at both the sectoral and national levels. A further analysis with a LMDI index decomposition model shows that the difference between HEI LMDI and HEI LMDI is principally caused by energy prices. Based on the evidence from the two indicators and their relationship to energy prices, we are unconvinced about China's purported improvements in energy efficiency in recent years. (C) 2017 Elsevier B.V. All rights reserved.
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