Energy use in world economy from household-consumption-based perspective

Abstract

An overview for energy use within the world economy as reflected by the Eora database for 2012 is conducted by means of household-consumption-based multi-regional input-output analysis that is parallel to existing energy accounting frameworks. From a household-consumption-based perspective, the energy use for Mainland China economy is only around half of that for the United States. The world's trade volume of energy use associated with consumer products is quantified, which is over one-fifth of the global total energy consumption. Mainland China is revealed to be with the largest trade deficit of energy use, in magnitude up to the summation of the trade imbalance of all other major economies. Heavy industry products shipped to Europe & Eurasia, Asia Pacific and North America account for nearly 80% of Mainland China's exports of energy use. To safeguard sustainable energy use, the developed economies are suggested to further strengthen their comparative advantages in those high value-added goods or services while developing economies such as Mainland China are supposed to alter the trade patterns by a transition of economic structure.