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1 |
ID:
094871
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Publication |
2010.
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Summary/Abstract |
The growth of Primary Energy Requirements (PER) slackened appreciably since the late 1990s in Hong Kong while Final Energy Requirements (FER) actually declined. Yet GDP continued to grow at a respectable average annual growth rate during the period, leading to a drastic drop in the energy intensiveness of the economy. The article analyzed the factors that contributed to the emergence of the above phenomena and discussed its consequences.
The factors that led to the drop in energy intensiveness with respect to FER includes the rising electrification of the fuel mix, improvements in energy end-use efficiency (partly induced by government policy), and changes in the structure of the Hong Kong economy. With respect to the decline in PER energy intensiveness, the following aspects are pertinent: the share of electricity consumption accounted for by nuclear imports, the efficiency of electricity generation in Hong Kong (partly determined by the type of fuels used) and losses due to transmission and distribution as well as station consumption (system losses). The decline in energy intensiveness is good to Hong Kong, both in terms of the economy and the environment. Its ramifications will be briefly discussed.
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2 |
ID:
094256
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Publication |
2010.
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Summary/Abstract |
Over the past two decades, China's oil demand has risen steeply. In 1990, it was only about 25% higher than that of 1978, the year economic reform was introduced. By 2008, it had reached 396.0 million tons, roughly four times the 1978 level, making China the second largest oil user worldwide. The country became a net oil importer in 1993, and between 1993 and 2008, its net import dependency-a yardstick for energy security-soared from 7.5% to 50.0%. China's increased demand for oil has made the country a global energy player of critical importance. Although the literature on the global implications of China's oil use has proliferated, relatively few studies have attempted to examine "how China uses oil." Hence, this study covers every oil-consuming facility and sector in China, exploring the patterns of, and factors involved in, oil demand by power plants, oil refineries, heat plants and, gas-works, and industrial, transport, agricultural, household and commercial sectors. It concludes that in virtually all sectors in China, oil demand will grow, with transport and industry leading the way.
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