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Global overview for energy use of the world economy: Household-consumption-based accounting based on the world input-output database (WIOD)
Affiliation:1. College of Engineering, Peking University, Beijing 100871, China;2. School of Economics, Peking University, Beijing 100871, China;3. The Bartlett School of Construction and Project Management, University College London, London WC1E 7HB, UK;4. Department of Land Economy, University of Cambridge, Cambridge CB3 9EP, UK;1. Department of Civil Engineering, University of Victoria, Victoria V8W 2Y2, British Columbia, Canada;2. School of Government and Public Transformation, Instituto Tecnológico y de Estudios Superiores de Monterrey, Mexico City 01389, Mexico;3. Department of Chemistry, University of Victoria, Victoria V8W 2Y2, British Columbia, Canada;4. Canadian Energy Research Institute, Calgary T2L 2A6, Alberta, Canada;1. College of Management and Economics, Tianjin University, Tianjin 300072, China;2. School of Economics and Finance, Xi''an Jiaotong University, Xi''an, Shaanxi 710049, China;3. Center for Energy & Environmental Policy Research, Institute of Science and Development, Chinese Academy of Sciences, Beijing 100190, China;4. Harvard-China Project, John A. Paulson School of Engineering and Applied Sciences, Harvard University, Cambridge, MA 02138, USA;5. School of Civil and Environmental Engineering, Georgia Institute of Technology, 790 Atlantic Drive, SEB Building, Atlanta, GA 30332, USA;1. Technische Universität Berlin, Str. des 17, Juni 135, 10623 Berlin, Germany;2. Mercator Research Institute on Global Commons and Climate Change, Torgauer Straße 12 – 15, 10829 Berlin, Germany;3. Potsdam Institute for Climate Impact Research, Postfach 60 12 03, 14412 Potsdam, Germany
Abstract:Globalization has integrated nations into a world economy. Based on the world input-output database (WIOD), this paper explored the energy use of the world economy under a household-consumption-based MRIO (multi-region input-output) accounting scheme. Pertaining to normative economics, the household-consumption-based MRIO accounting scheme corresponds to the value judgement of household consumption being the ultimate driver of the economy, which complements existing accounting methods based on different viewpoints. The energy use associated with the internationally traded products is calculated to be around one-fifth of the global total energy consumption. For China as the largest exporter and also the biggest deficit economy in terms of energy use, its trade imbalance is nearly the summation of that of the United States, the United Kingdom, Japan and Germany. Energy self-sufficiency rates by supply and by demand are respectively proposed. While the United States economy as the largest importer maintains the majority of the energy welfare denoted by the onsite energy use at home, China exports large quantities of energy use abroad. For economies like Germany, South Korea and Taiwan, they could be regarded as hubs that export a considerable amount of energy use abroad and absorb massive energy use from outside simultaneously. For sustainable use of energy resources, economies are suggested to carefully identify their roles in the global trading network of energy use.
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