Reducing China's Thirst for Foreign Oil: Moving Towards a Less Oil-Dependent Road Transport System
Article from: OGEL 1 (2008), in China Energy Law and Policy
Abstract
China's oil demand is likely to continue increasing in the next two decades, mainly driven by its rapidly growing vehicle fleet, particularly, personal cars. Developing a less oil-dependent transport system is critical in reducing China's thirst for foreign oil and in improving air quality in the country's hazy cities. A range of policy options and strategies can be utilized to encourage cleaner vehicle technologies and fuels. Compulsory fuel economy standards are essential to push automobile manufacturers to provide efficient vehicles. Moreover, fiscal policies such as fuel economy ...