This book seeks to examine the impacts associated with China’s carbon-energy policy in Asia and how, coupled with the Belt and Road Initiative, these effects prompt foreign direct investments in coal power and exports of renewable energy technologies.
China shows a co-evolution of carbon-energy policy and energy transitions from coal to renewables. Assessing how the policy intensifies pressures and motivations to Chinese companies, chapters in this edited volume analyse how the policy has changed energy and CO2 emissions in Asia through the lens of carbon leakage, relocation, and halos. Contributors present in-depth studies on China’s investments and exports, and also its impacts on Indonesia, India, Vietnam, and Japan. Using applied computable general equilibrium and scenario input-output analyses, chapters investigate if regional electricity connectivity reduces new coal power investments through efficiency gain. Arguing that China is shifting from the world’s factory to the leading innovator and Asia's demand centre, it is ultimately demonstrated that China is likely to achieve climate targets whereas Asia to increase CO2 emissions and economic reliance on China.
China’s Carbon-Energy Policy and Asia’s Energy Transition will be of significant interest to students and scholars of energy, environment, and sustainability studies, as well as Chinese studies and economics.
TABLE OF CONTENTS
part Part I|54 pages
Energy transition and carbon leakage, relocation, and halos
chapter 1|20 pages
Carbon leakage, relocation, and halo
chapter 2|32 pages
Struggles for energy transition in the electricity system in Asian countries
part Part II|72 pages
China's energy and industrial transformation as push factors
chapter 3|15 pages
Economic and environmental impacts of power supply configuration change in China
chapter 4|20 pages
From latecomer to first-mover advantage
chapter 5|35 pages
Do Chinese power companies employ investments in foreign power projects as a geographical diversification strategy?
part Part III|125 pages
Carbon, leakage, relocation, and halo effect in host countries
chapter 6|23 pages
The economic and carbon impact of China's outward foreign direct investment in the power sector
chapter 7|22 pages
Effect of renewable energy policies on the components' exports from Asian countries
chapter 10|21 pages
Impact of Chinese renewable technology exports on Japan's energy transition
chapter 11|21 pages
Generating or receiving carbon leakages?
part Part IV|36 pages
Countermeasures and future challenges