China’s Growing Energy Demand: Implications for the United States: Working Paper 2015-05
Working Paper
This paper examines trends in China’s energy consumption, the implications of those trends for U.S. households and businesses, and policy options that might help minimize adverse effects.
By Andrew Stocking (formerly an employee of CBO) and Terry Dinan (CBO).
Growing rapidly in recent decades, China’s demand for energy has nearly doubled since 2005—making China the world’s largest consumer of energy. That growth and the energy policies that China pursues increase the level and possibly the volatility of some energy prices, reduce the competitiveness of U.S. manufacturing firms in relation to Chinese firms but provide benefits for U.S. consumers, and increase greenhouse gas emissions. This paper examines trends in China’s energy consumption, the implications of those trends for U.S. households and businesses, and policy options that might help minimize adverse effects.
