Yin, Ge, Bleischwitz, Raimund ORCID: https://orcid.org/0000-0001-8164-733X, Calzadilla, Alvaro and Winning, Matthew (2024) Using GTAP-POWER for Analysing Investment Heterogeneity: China’s Energy Investment Impacts in the Belt and Road Countries. . , 23 pp.

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Abstract

China's Belt and Road Initiative (BRI) represents one of the most significant energy infrastructure investment schemes in the 21st century. Given its vast scope, pivoting towards a more environmentally-conscious strategy has the potential to significantly further the United Nations Sustainable Development Goals (SDGs), especially in the domains of energy (SDG 7) and climate action (SDG 13). Despite its importance, there remains a notable shortage of comprehensive studies integrating environmental and economic impacts for the BRI nations, especially regarding detailed energy types. This study uses the Multiregional Input-Output (MRIO) Table constructed by the Global Trade Analysis Project-Power (GTAP-Power) database to empirically analyse the impact of China's energy investments on the total output, value-added and carbon emissions across eight representative BRI nations (Kazakhstan, Russia, Indonesia, Italy, Chile, Peru, Malaysia, and Saudi Arabia). Using the GTAP-Power database enables a nuanced, empirical analysis of the sector-specific impacts of energy investments. Preliminary findings indicate these investments' positive economic implications regarding total output and value-added. Conversely, the environmental costs, specifically carbon emissions, demonstrate considerable regional heterogeneity. Thus, a comprehensive assessment of the investment impacts is essential, focusing on the balance between economic benefits and environmental consequences. By aligning its investment strategies with global sustainability targets, the BRI can enhance its contribution to sustainable development. This study provides a deeper understanding of the relationship between economic growth and ecological protection in the context of China's energy financial contributions in the BRI countries.
Key Words: The Belt and Road Initiative, Multiregional Input-Output (MRIO) Table, carbon emissions, energy investment, heterogeneity, GTAP Power

Document Type:	Report (Other)
Programme Area:	PA Not Applicable
Research affiliation:	Science Management > Directorate
Date Deposited:	09 Jan 2025 10:51
Last Modified:	09 Jan 2025 10:51
URI:	http://cris.leibniz-zmt.de/id/eprint/5527

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