Journal
ENERGY ECONOMICS
Volume 34, Issue 2, Pages 518-528Publisher
ELSEVIER SCIENCE BV
DOI: 10.1016/j.eneco.2011.07.014
Keywords
China; Coal consumption; Energy conservation; Cointegration; Error correction model
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This article investigates the relationship between coal consumption and income in China using both supply-side and demand-side frameworks. Cointegration and vector error correction modeling show that there is a unidirectional causality running from coal consumption to output in both the short and long run under the supply-side analysis, while there is also a unidirectional causality running from income to coal consumption in the short and long run under the demand-side analysis. The results also reveal that there is bi-directional causality between coal consumption and pollutant emission both in the short and long run. Hence, it is very difficult for China to pursue a greenhouse gas abatement policy through reducing coal consumption. Switching to greener energy sources might be a possible alternative in the long run. (C) 2011 Elsevier B.V. All rights reserved.
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