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Climate change which is induced from energy consumption and CO2 emissions has got people's attention; hence, many strategies and ways are being adopted to mitigate CO2 emissions. Energy substitution is crucial to the promotion of energy conservation and CO2 emissions reduction. The purpose of this paper is to estimate both inter-factor and inter-fuel substitution in China's iron & steel industry...
The iron & steel industry is one of the major energy-intensive sectors in China. In this paper, we define the variable of energy intensity to analyze the energy conservation potential in China's iron & steel sector using the co-integration method and scenario analysis. We find that there is a long-term relationship between energy intensity and factors such as R&D intensity, labor productivity,...
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