scholarly journals The Multiple Impacts of the COVID-19 Pandemic on China’s Oil Security and the Rising Green Opportunities

2021 ◽  
Vol 14 (12) ◽  
pp. 76
Author(s):  
Haiyu Xie
Keyword(s):  
Economic Recession ◽  
Low Carbon ◽  
Multiple Impacts ◽  
Oil Market ◽  
Systemic Risks ◽  
Strategic Petroleum Reserve ◽  
Belt And Road ◽  
Oil Demand ◽  
Oil Sector ◽  
The Belt And Road

The COVID-19 pandemic has seriously challenged the global oil market, and coronavirus-induced oil prices crash, oil demand decline and global economic recession affect China’s oil supply as well. China has high oil vulnerability due to its rising oil import dependency which aggravates Beijing’s concerns about oil security, despite at a time of the pandemic-induced oil oversupply. This study uses the SWOT analytical model to identify the strengths, weaknesses, opportunities and threats in China’s oil sector, and the changes in opportunities and threats caused by the COVID-19 pandemic. The pandemic has brought multiple impacts to China’s oil security. Results from the analysis show that the existing opportunities such as oil investments in the Belt and Road Initiative (BRI) and domestic upstream opening-up have been weakened; new threats that the uncertainty over global oil demand-supply and decrease in global upstream investments have emerged; opportunities that an increase in domestic strategic petroleum reserve (SPR) and low-carbon development are rising amid the pandemic. Notably, the COVID-19 pandemic has demonstrated the vulnerability of the global oil market to systemic risks and accelerated the transition to renewable energy.

scholarly journals The Multiple Impacts of the COVID-19 Pandemic on China’s Oil Security and the Rising Green Opportunities

2021 ◽  
Vol 14 (12) ◽  
pp. 62
Author(s):  
Haiyu Xie
Keyword(s):  
Economic Recession ◽  
Low Carbon ◽  
Multiple Impacts ◽  
Oil Market ◽  
Systemic Risks ◽  
Strategic Petroleum Reserve ◽  
Belt And Road ◽  
Oil Demand ◽  
Oil Sector ◽  
The Belt And Road

The COVID-19 pandemic has seriously challenged the global oil market, and coronavirus-induced oil prices crash, oil demand decline and global economic recession affect China’s oil supply as well. China has high oil vulnerability due to its rising oil import dependency which aggravates Beijing’s concerns about oil security, despite at a time of the pandemic-induced oil oversupply. This study uses the SWOT analytical model to identify the strengths, weaknesses, opportunities and threats in China’s oil sector, and the changes in opportunities and threats caused by the COVID-19 pandemic. The pandemic has brought multiple impacts to China’s oil security. Results from the analysis show that the existing opportunities such as oil investments in the Belt and Road Initiative (BRI) and domestic upstream opening-up have been weakened; new threats that the uncertainty over global oil demand-supply and decrease in global upstream investments have emerged; opportunities that an increase in domestic strategic petroleum reserve (SPR) and low-carbon development are rising amid the pandemic. Notably, the COVID-19 pandemic has demonstrated the vulnerability of the global oil market to systemic risks and accelerated the transition to renewable energy.

Exploring the Effect of Renewable Energy on Low-Carbon Sustainable Development in the Belt and Road Initiative Countries: Evidence From the Spatial-Temporal Perspective

2021 ◽  
Author(s):  
Jianhan He ◽  
Jianhua Chen ◽  
Hengming Peng ◽  
Hailin Duan
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Capital Investment ◽  
Energy Intensity ◽  
Low Carbon ◽  
Temporal Perspective ◽  
Belt And Road ◽  
Cross Country ◽  
The Cross ◽  
The Belt And Road

Abstract The Belt and Road Initiative (BRI) has promoted the deployment of renewable energy to achieve sustainability. It is essential to reveal the influence of renewable energy on low-carbon economic development. The share of renewable energy consumption (SREC) is taken as the core explanatory variable in this paper, and its impacts on carbon emission intensity (CEI) and economic growth are investigated from the spatial-temporal perspective. First, the panel Granger causality test is applied for revealing the causal links among SREC, CEI, and economic growth during 1999-2017. Then, this paper investigates the impacts of SREC on economic growth and CEI through rigorous econometric techniques. Based on the regression results, Shapley value decomposition is utilized to account for the cross-country inequalities of economic growth and CEI. The main findings are as follows: (1) There exist bidirectional Granger causalities between SREC, economic growth, and CEI, which shows there is a systematic link between the three variables. (2) All models demonstrate the inverted U-shaped nexus between SREC and economic growth, indicating renewable energy deployment costs are urgent to be decreased with SREG increasing. Besides, capital investment and openness positively affect economic growth, but energy intensity has an opposite impact. (3) From the spatial heterogeneity perspective, the cross-country inequality in economic growth is primarily due to the regional inequality of capital investment, followed by energy intensity and SREC. By contrast, the impacts of labor and openness are negligible. (4) SREC has a negative effect on CEI. In addition, an inverted U-shaped nexus between economic growth and CEI is observed. Energy intensity positively affects CEI, while the impacts of urbanization and openness are insignificant. (5) From the spatial heterogeneity perspective, the cross-country CEI inequality is mostly caused by the inequality of energy intensity, followed by SREC, urbanization and economic growth, while the contribution of the openness gap is little. This article provides important implications for low-carbon development in the BRI countries.

scholarly journals An Analysis of the Emission Reduction Targets of “Belt and Road” Countries Based on Their NDC Reports

2019 ◽  
Vol 11 (24) ◽  
pp. 7036
Author(s):  
Jing Wu ◽  
Guan Kaixuan ◽  
Qianting Zhu ◽  
Wang Zheng ◽  
Yuanhua Chang ◽  
...  
Keyword(s):  
Emission Reduction ◽  
Financial Support ◽  
Emission Inventory ◽  
Low Carbon ◽  
Greenhouse Gas Inventory ◽  
Green Development ◽  
Increasing Trend ◽  
Belt And Road ◽  
Low Carbon Development ◽  
The Belt And Road

The emission reduction targets articulated in the nationally determined contribution (NDC) reports of the “Belt and Road” countries, which have joined China in an international alliance to promote green development, are studied in this paper. Our findings indicate that the most commonly adopted emission reduction targets are relative to emissions in the base year and to baseline scenarios. Approximately half of these countries request technological and financial support from the international community in their NDC reports. Greenhouse gas inventory accounting, and data management, modeling, and tools are the most commonly identified technological needs. Moreover, the NDC reports indicate that $2.88 trillion of financial support is explicitly required, while a reliable international financial assistance and technology transfer would enable considerably higher emission reduction targets to be reached in Belt and Road countries. Our analysis of the top four emitters among these countries reveal a future decreasing trend for China and Russia and an increasing trend for India and Indonesia. China can effectively promote its Belt and Road green development initiative through measures such as capacity building in the areas of emission inventory accounting, constructing an “Internet Plus” platform for the use and management of low-carbon data, and technology exchanges aimed at strengthening low-carbon development.

Low-carbon financial risk factor correlation in the belt and road PPP project

2020 ◽  
Vol 35 ◽  
pp. 101491 ◽  
Author(s):  
Yu Sun ◽  
Lizhen Chen ◽  
Huaping Sun ◽  
Farhad Taghizadeh-Hesary
Keyword(s):  
Risk Factor ◽  
Financial Risk ◽  
Low Carbon ◽  
Belt And Road ◽  
The Belt And Road

The Belt and Road Initiative and Sino-Russian economic cooperation: Is there one more chance for us?

2019 ◽  
pp. 47-71
Author(s):  
Petr M. Mozias
Keyword(s):  
Regional Integration ◽  
Raw Materials ◽  
Belt And Road Initiative ◽  
Stage Of Development ◽  
Belt And Road ◽  
Flexible Framework ◽  
The One ◽  
International Transactions ◽  
The Belt And Road ◽  
Current Stage

China’s Belt and Road Initiative could be treated ambiguously. On the one hand, it is intended to transform the newly acquired economic potential of that country into its higher status in the world. China invites a lot of nations to build up gigantic transit corridors by joint efforts, and doing so it applies productively its capital and technologies. International transactions in RMB are also being expanded. But, on the other hand, the Belt and Road Initiative is also a necessity for China to cope with some evident problems of its current stage of development, such as industrial overcapacity, overdependence on imports of raw materials from a narrow circle of countries, and a subordinate status in global value chains. For Russia participation in the Belt and Road Initiative may be fruitful, since the very character of that project provides us with a space to manoeuvre. By now, Russian exports to China consist primarily of fuels and other commodities. More active industrial policy is needed to correct this situation . A flexible framework of the Belt and Road Initiative is more suitable for this objective to be achieved, rather than traditional forms of regional integration, such as a free trade zone.

INTERPRETATION OF SINO-RUSSIAN CULTURE AND HUMANITIES COOPERATION IN THE NEW ERA

2020 ◽  
Vol 10 (3) ◽  
pp. 186-193
Author(s):  
REN YANYAN ◽  
Keyword(s):  
Current Status ◽  
Human Relations ◽  
New Era ◽  
Russian Culture ◽  
The People ◽  
Starting Point ◽  
Cooperative Partnership ◽  
Belt And Road ◽  
The Belt And Road

The friendship between nations lies in the mutual affinity of the people, and the people’s affinity lies in the communion of hearts. The cultural and humanities cooperation between China and Russia has a long history. In recent years, under the role of the“Belt and Road” initiative, the SCO, and the Sino-Russian Humanities Cooperation Committee, Sino-Russian culture and humanities cooperation has continued to deepen. Entering a new era, taking the opportunity to promote Sino-Russian relations into a “new era China-Russia comprehensive strategic cooperative partnership”, the development of human relations between the two countries has entered a new historical starting point, while also facing a series of problems and challenges. This article is based on the current status of Sino-Russian human relations in the new era, interprets the characteristics of Sino-Russian human relations in the new era, analyzes the problems and challenges of Sino-Russian human relations in the new era, and tries to propose solutions and solutions with a view to further developing Sino-Russian cultural and humanities relations in the new era. It is a useful reference, and provides a reference for future related research, and ultimately helps the Sino-Russian cultural and humanities relations in the new era to be stable and far-reaching.

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