china’s growing energy demand implications for the united.pdfVIP

Working Paper Series Congressional Budget Office Washington, DC China’s Growing Energy Demand: Implications for the United States Andrew Stocking Formerly an employee of the Congressional Budget Office (astocking@) Terry Dinan Congressional Budget Office (terry.dinan@) June 2015 Working Paper 2015-05 To enhance the transparency of the work of the Congressional Budget Office (CBO) and to encourage external review of that work, CBO’s working paper series includes papers that provide technical descriptions of official CBO analyses as well as papers that represent independent research by CBO analysts. Working papers are not subject to CBO’s regular review and editing process. Papers in this series are available at /ULE. The authors thank Tristan Hanon, Keith Hall, Joseph Kile, Jeffrey Kling, and Chad Shirley, all of CBO, for useful comments and suggestions. In addition, the authors thank Usha Haley (West Virginia University), James Hamilton (University of California, San Diego), Simon Johnson (Massachusetts Institute of Technology), Myrto Kalouptsidi (Princeton University), Valerie Karplus (Massachusetts Institute of Technology), Dick Morgenstern (Resources for the Future), Ryan Rutkowski (Peterson Institute for International Economics), and Robert Stavins (Harvard University) for helpful comments and suggestions. Abstract Growing rapidly in recent decades, China’s demand for energy has nearly doubled since 2005—making China the world’s largest