ORIGINAL RESEARCH
China’s Current Energy Policy: Dependencies
and Contradictions
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1
Department of Economics and Business, Central European University, Budapest, Hungary
2
Department of Computational Methods in Continuum Mechanics, Saint Petersburg State University,
Saint Petersburg, Russia
3
Department of Public Finances, Financial University under the Government of the Russian Federation,
Moscow, Russian Federation
4
Department of State and Municipal Administration, RUDN University, Moscow, Russia
5
Institute of Oriental Studies of the Russian Academy of Sciences, Moscow, Russia
6
Facultad de Ciencias Económico Administrativas - Faculty of Business and Economic Sciences,
Universidad Católica de Santa María, Arequipa, Peru
Submission date: 2023-03-24
Final revision date: 2023-04-20
Acceptance date: 2023-04-24
Online publication date: 2023-06-13
Publication date: 2023-07-21
Corresponding author
Mingming Li
Department of Economics and Business, Central European University, Budapest, Hungary
Pol. J. Environ. Stud. 2023;32(4):3663-3672
KEYWORDS
TOPICS
ABSTRACT
Global warming and severe air pollution in China have necessitated a transition to a sustainable
energy system that eschews coal-dominated energy production. The implementation of energy policies
inevitably affects the behavior of enterprises at the micro level, which in turn affects their financial
performance. The purpose of the study is to quantify the trends, patterns and contradictions in China’s
energy policy, identify and predict meaningful indicators for strategic intentions in the context of
economic decarbonisation. Correlation and regression analysis, modelling and forecasting of energy
consumption and carbon emission indicators by sector were implemented. The study demonstrates
the potential positive effect of a strategy to minimise carbon emissions in the commercial and public
services sector in the context of energy policy implementation and decarbonisation on China’s
economic growth. The results have potentially important policy implications for Chinese policymakers
and business leaders and are needed to develop further tools to reduce electricity consumption in the
government’s Provincial Energy Conservation Goal (BEST) program as indicators of its implementation
effectiveness in different provinces of China.