To address the problem of climate change, G-20 government leaders committed to “rationalize and phase-out inefficient fossil fuel subsidies that encourage excessive consumption over the medium term”, i.e., removing the perverse subsidies. Considering China's particular circumstances and the...

The rapid growth of the Chinese economy has led to an acceleration of electricity demand, which has enjoyed an annual growth rate above 10% during the past 20 years. However, China’s coal-based resource endowment heavily influences its energy structure in the long term, which will result in...

China is currently in the process of industrialization and urbanization, which is the key stage of transition from a low-income country to a middle-income country and requires large amount of energy. The process will not end until 2020, so China's primary energy demand will keep high growth in...

For a transitional economy such as China, some energy subsidies are reasonable, and sometimes even necessary for achieving social goals. However, with rising energy prices and environmental concerns, we see conflicts emerging between energy subsidies, energy demand/supply fundamentals and...