Abstract
Against the backdrop of current global collaboration on mitigating carbon emissions, how to reduce the energy uses in the Belt and Road Initiative area becomes an urgent and big challenge facing the global community. Using the Eora input-output database, this paper accounts the embodied energy trade between Belt and Road countries in 2015, followed by an investigation of the factors influencing the embodied energy trade through a panel gravity model. Global value chain participation and position are two newly considered factors in analyzing the determinants of embodied energy flow. We find that the main bilateral embodied flow paths are from South Korea to China, China to South Korea, Singapore to China, Ukraine to Russia, and Malaysia to Singapore. Five percent embodied energy flow paths account for 80% of the total bilateral embodied energy flow volume between Belt and Road countries. The gravity model results indicate that gross domestic product (GDP) per capita, population, global value chain participation are the key drivers of bilateral embodied energy trade, while the industrial share of GDP and global value chain position are negatively related to the trade. Energy intensity plays a crucial role in reducing the bilateral embodied energy flow. These results are useful in the policymaking of sustainable development for the Belt and Road Initiative.
Highlights
Belt and Road Initiative (BRI) is an international development initiative that encompasses more than 60 economies, occupying 60% of the global population and 30%of the world's gross domestic product (GDP) (Zhang et al, 2019)
There are two approaches to account the energy/emission embodied in trade, i.e., energy/emission embodied in bilateral trade (EEBT) approach and multi-regional input-output (MRIO)
This study accounts for the embodied energy trade between BRI countries using the
Summary
Belt and Road Initiative (BRI) is an international development initiative that encompasses more than 60 economies, occupying 60% of the global population and 30%. Of the world's gross domestic product (GDP) (Zhang et al, 2019). Promoting multilateral trade is one of the main themes of BRI. Since the proposal of the BRI in. 2013, the trade between China and other BRI countries has had a 13.4% growth rate year on year, reaching 1.44 trillion U.S dollars and accounting for 39.9% of the global trade in 2017 (Center and SINOIMEX, 2018). Because of the sliced and geologicaldiversified production processes, international trade leads to the transfer of direct and indirect energy use. Rapid trade growth results in increasing huge amount of energy flow between BRI countries. Investigating the energy flow between BRI countries, becomes critical for the energy-saving cooperation among BRI countries
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