Xunpeng Shi

Xunpeng Shi
University of Technology Sydney | UTS · Australia-China Relations Institute

BEng;LLM; MERE;PhD

About

199
Publications
71,312
Reads
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3,658
Citations
Introduction
Professor Xunpeng (Roc) Shi is a Research Principal at the Australia-China Relations Institute, University of Technology Sydney and the President of International Society for Energy Transition Studies (www.isets.org). He is an advisor to Global Gas Center (GGC), APEC Sustainable Energy Center (APSEC), and Energy Division of UN ESCAP, , and a Council Member of the “Chinese Economics Society Australia” (CESA) and was its President during 2016-2018.
Additional affiliations
December 2016 - present
University of Technology Sydney
Position
  • Principal Research Fellow
July 2016 - July 2018
Chinese Economics Society Australia (CESA)
Position
  • CEO
Description
  • CESA is a professional network connecting researchers working on Chinese economy in the Asia-Pacific region, especially China and Australia; and to contribute to scholarly development as well as policy debates in both China and Australia.
June 2014 - present
National University of Singapore
Position
  • Fellow
Education
January 2006 - July 2009
Australian National University
Field of study
  • Economics
January 2003 - March 2004
University of Dundee
Field of study
  • Law
September 1993 - July 1997

Publications

Publications (199)
Chapter
The presence of a competitive electricity market, which allows high prices to reflect generation shortage, is often assumed to be a beneficiary factor for gas-powered generation, but the actual impact of a competitive electricity market on gas generation is yet to be examined. Using Australian daily gas and electricity data, this paper investigates...
Article
Using detailed monthly survey data on small and medium-sized enterprises (SMEs) in China, this study uses the total factor productivity (TFP) of SMEs as a proxy variable to investigate credit guarantees' impacts on the performance of guarantors and guaranteed SMEs. The results reveal that obtaining a credit guarantee can increase an SME's probabili...
Article
Full-text available
The endowment of production factors is an important factor that restricts the choice of enterprise operation strategy, further affecting the regional industrial structure and the quality of economic development. Due to the fact of the divided power market and the administrative system with a spatial nesting structure in China, the power resource al...
Article
This study extends the ambit of the debate on electricity transition by specifically identifying possible policy entry points through which transformative and enduring changes can be made in the electricity and socio—economic systems to facilitate the transition process. Guided by the “essence” of the multi-level perspective — a prominent framework...
Article
This Perspective is attempted to broaden the scope of the debate on regional power connectivity to go beyond factors that are proximate to the electricity industry. It turns to major regionalist studies as a source of insights for identifying the wider connects of regional power connectivity, i.e., aspects of the geo-political, socio-economic, and...
Article
Recognizing the health effect induced by using solid fuels is a stimulus for speeding up the clean energy transition in rural China. This paper estimates the impact of cooking fuel choice on residents' health based on a Multinomial Logistic regression model. We conducted a field survey and collected data from ten villages in Northern China. The res...
Article
This paper addresses the issues regarding the economics of clean energy transmission channels in Southeast Asia. The research developed an improved comprehensive model for the generation and transmission planning considering variable renewable energy characteristics, and it simulated the hourly resolution operation condition of a cross-regional int...
Article
The Corona Virus Disease 2019 (COVID-19) has led to a decline in carbon emissions or an improvement in air quality. Yet little is known about how the pandemic has affected the “low-carbon” energy transition. Here, using difference-in-differences (DID) models with historical controls, this study analyzed the overall impact of COVID-19 on China's low...
Article
Despite nearly over 30 years of efforts, power connectivity in the GMS remains rather low, limited to a few uncoordinated bilateral exchanges of electricity. Much of the existing thinking attributes this slow progress to factors that are proximate to the electricity industry, namely, insufficient infrastructure, lack of technical competence, and un...
Article
The impact of China's low-carbon city pilot (LCCP) program – a climate policy applied at the city level – on low-carbon innovation has yet to be studied. The LCCP program intends to facilitate the low-carbon transformation of several of China's cities and serve as a quasi-natural experiment to determine if city-level climate policies like this can...
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The journal Frontiers in Energy Research has provided an international platform for green energy communications. This collection reveals how cognitive biases can arise from monotony of value, from oversimplification in the analysis of green energy development and from ignoring the voice of consumer and the public. Therefore, this special issue poin...
Preprint
While achieving the Paris climate goals and sustainable development goals (SDGs) are two major global challenges of our time, energy transition that plays an essential role in achieving climate targets may create socio-economic hardship. A quantitative assessment of the vulnerability of energy transitions is a prerequisite for national and internat...
Article
Coal phase-out is a key step for China to achieve carbon peak and carbon neutrality. The Chinese government introduced a coal de-capacity policy (CDP) in 2016. However, existing studies rarely discuss the effectiveness of China's implementation of the CDP, especially regarding the policy goal of "improving quality and increasing efficiency." In thi...
Preprint
This paper extends the ambit of the debate on electricity transition by, specifically, identifying possible policy entry points through which transformative and enduring changes can be made in the electricity and socio-economic systems to facilitate the transition process. Guided by the ‘essence’ of the multi-level perspective (MLP) – a prominent f...
Preprint
This paper extends the ambit of the debate on electricity transition by, specifically, identifying possible policy entry points through which transformative and enduring changes can be made in the electricity and socio-economic systems to facilitate the transition process. Guided by the ‘essence’ of the multi-level perspective (MLP) – a prominent f...
Article
While the popularity of emission trading schemes (ETS) has exceeded that of carbon taxes, ETS is not applicable to all countries. This paper investigates the increasing block carbon tax (IBCT), which is a modified carbon tax based on the increasing block tariffs theory. The IBCT considers the size bias in emission reduction, and this paper discusse...
Article
Under the global value chain (GVC) division system, international trade not only drives the flows of value-added among economies but also facilitates the transfer of embodied energy around the world. Based on the newly released World Input-Output Tables and environmental accounts, this study applies the gross trade accounting method to trace the em...
Article
The present energy system faces at least two challenges. For one thing, the power system’s stability is challenged by the increasing penetration of variable renewable energies, especially wind power, due to its fluctuation and intermittency. For the other, the transport sector is facing enormous difficulty to decarbonize. This paper proposes a new...
Article
Motivated by a lack of a fuller understanding of the likely impact of energy policies on achieving overall positive outcomes of the energy systems, this paper aims to assess the performance of energy systems from three dimensions, i.e., availability, acceptability, and efficiency. Using a sample of 129 economies (grouped into three – advanced, emer...
Article
This study investigates the tail risk spillovers between the crude oil market and the stock markets of twelve major oil-importing and seven oil-exporting countries. We employ a novel quantile spillover index approach that allows measuring the dynamics and network of risk connectedness in the oil-stock nexus under different market conditions. Our re...
Article
The invisible and complex transfer of embodied carbon emissions makes the traditional production or consumption approach insufficient to inform emissions abatement actions because carbon communities have emerged during the transmission procedure of embodied carbon emissions. The carbon community—a group of sectors with more intensive embodied carbo...
Article
Achieving a high-quality green transition has become an important way toward sustainable development in the world. In this study, we propose a measuring framework of green transition based on the entropy weight method. Then the driving factors of green transition are analyzed with a spatial Durbin model. Taking China as an empirical case study, the...
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Full-text available
The outbreak of the COVID-19 epidemic has triggered adiscussion of the relationship between urbanization and the spread of infectious diseases. Namely, whether urbanization will exacerbate the spread of infectious diseases. Based on 31 provincial data from 2002 to 2018 in China, the impact of urbanization on the spread of infectious diseases from t...
Article
Hydrogen is gaining increased attention from industries and policymakers in China. However, most of the current demonstration projects in the country have relied on conventional energy sources, including industrial byproduct hydrogen and grey hydrogen produced from fossil fuels. Moreover, strategies and policy frameworks leading to a shift to green...
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The impact of the Belt and Road Initiative (BRI) on the environment is an important but controversial topic. But assessing it faces a significant challenge for separating its policy impact from the overall effect of economic development that will also have environmental impacts. This paper attempts to provide an evolutionary and counterfactual base...
Article
The Chinese government implemented the energy-consumption permit trading scheme (ECPTS) pilot program in 2016, in order to achieve energy saving and carbon reduction. Based on the PSM-DID model, we attempt to test the effects of the ECPTS on energy consumption and energy intensity. With a counterfactual simulation, this paper also evaluates the pot...
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Economic shocks from COVID-19, coupled with ongoing US-China tensions, have raised debates around supply chain (or global value chain) organisation, with China at the centre of the storm. However, quantitative studies that consider the global and economy-wide impacts of rerouting supply chains are limited. This study examines the economic and emiss...
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China is the largest producer of carbon in the world. China’s construction industry has received widespread attention in recent years due to its environmental issues. However, little research has been conducted to investigate the environmental efficiency of the domestic part of this industry. As the foreign contribution is beyond China’s control, i...
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The Belt and Road investment involves a large number of renewable energy projects, but whether the energy efficiency is linked to the Belt and Road Initiative (BRI) cooperation has yet to be established in the literature. This research attempts to close this gap by looking at how the BRI affects the energy efficiency of participating nations after...
Article
A typical problem in Northeast China is that a large amount of surplus electricity has arisen owing to the serious photovoltaic power curtailment phenomenon. To effectively utilize the excess photovoltaic power, a hybrid energy system is proposed that uses surplus electricity to produce hydrogen in this paper. It combines solar energy, hydrogen pro...
Article
Increasing household energy consumption, mainly due to consumption upgrading, will create tough challenges for China if that country is to achieve peak carbon emissions in 2030 and carbon neutrality in 2060. However, this critical issue has not been explored comprehensively in the literature. Using China Family Panel Studies data and the distributi...
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While there is a proliferation of studies on China’s Belt and Road Initiative (BRI), there is a gap in the literature in terms of an exploration of the costs and benefits from the perspective of the energy sector, in both the areas of sectoral development and energy transition. This paper uses Australia as a case study. The paper is the first to qu...
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Avoiding dirty asset stranding matters for protecting wealth and employment in the economies that are rich in pollution-intensive fossil energy and resource assets. This paper analyzes, empirically and theoretically, the mechanism for energy transition without dirty capital stranding. We show that a shock that tightens pollution regulations will le...
Article
Prompted by the urgency of climate change, this paper analyses the impediments for coal phase-out, by using the Greater Bay Region in China as a case study. Rather than factors specific to coal production, transport and consumption (e.g., subsidies, and vested interests), as suggested by existing literature, the analysis of this paper demonstrates...
Article
While the retirement of fossil fuel capacity is an inevitable consequence of the energy transition to carbon neutrality, policymakers face challenges in setting the pace in order that the energy transition policies do not significantly damage the economy. This paper designs a dynamic stochastic general equilibrium (DSGE) model to examine the macroe...
Article
Purpose The role of energy or emission intensive firms face contradictory demands from advancing economic development and environmental improvement and protection and thus require appropriate policy interventions to balance the two needs. China's “Green Credit” policy that restricts loans to energy or emission intensive firms provides an example to...
Article
Coal overcapacity reduction is an essential part of China's energy transition. An effective governance model is a key to realizing the smooth exit of excess coal capacity. We construct a tripartite evolutionary game model involving the central government (CG), local governments (LGs) and coal enterprises (CEs), and then use it to examine the dilemm...
Article
This paper studies the distribution dynamics of China's household consumption upgrading by using household survey data. The findings show that the consumption upgrading index is between 0.75 and 0.95 for most of the households. The convergence value of the rural households is much higher than their urban counterparts, and the rural-urban gap can be...
Article
The rapid development of China's manufacturing industry since China's accession to WTO in 2001 has dramatically increased China's carbon emissions. To inform the carbon policy development of China's manufacturing industry, this study constructed a DEA-GS (data envelopment analysis and grid search) model from a cost perspective to understand the the...
Article
This paper is an empirical study of per capita CO2 emissions divergence. Trade intensity reflects the strength of bilateral trade relations between China and the Belt and Road Initiative (BRI) countries. Using panel data covering 97 of the BRI countries from 2002 to 2017 and employing the dynamic panel system generalized method of moments (GMM) mod...
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Electricity generation is the largest sector with decarbonization potential for China and the world. Based on the new emission factors, this paper aims to identify the structural and technological determinants of provincial carbon intensity in the electricity generation sector (CIE) using the multiplicative LMDI-II method. Results demonstrate that...
Article
In recent years, Shandong Province became one of China’s largest carbon emitters; however, existing studies failed to capture the recent trends and the key driving factors behind it at the city level. In this study, we computed the city-level CO2 emission by employing accounting methods and Logarithmic Mean Divisia Index (LMDI) to provide a holisti...
Article
As the largest contributor to production-based emissions, electricity generation sector has led to huge carbon emission transmissions. This is the first attempt to explore the latest features of carbon emission transmissions from electricity sector to the final domestic consumption of China in 2002–2015, combining MRIO-based Structural Path Analysi...
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This study focuses on Brazil, Russia, India, China and South Africa (BRICS countries), which contribute over 40% of global CO2 emissions. Using panel co-integration tests, fully modified OLS and seemingly unrelated regressions, the study contributes to the literature by revealing that public debt securities foster the transition from fossil fuel el...
Article
Despite the dominant role of hydropower in the global power generation mix and the popularity of studying the productivity impact of infrastructure investment, there is a lack of research regarding the impact of hydropower projects on firm productivity. Such a positive impact can promote a more ambitious action plan for mitigating carbon emissions....
Article
Global efforts in limiting coal consumption will be undermined if new major coal users emerge; however, very few studies have been conducted on the emergence of prospective coal users. The objective of this paper is thus to investigate how likely some developing countries will emerge to be significant coal users. The distribution dynamics approach...
Article
Exploring the driving factors of environmentally sensitive growth in Belt and Road Initiative (BRI) countries is crucial to the green BRI and realizing sustainable development goals. This study extends the production-theoretical decomposition analysis framework to environmentally sensitive growth. Using data from 52 BRI countries from 1992 to 2014,...
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Assessing the marginal abatement costs (MACs) of emissions improves the understanding of the extent of current CO2 mitigation and provides regions and industries with information on how to mitigate emissions cost-effectively. This study proposes a hybrid method to evaluate the MAC. It combines the strengths of bottom-up engineering methods and top-...
Article
Although there have been numerous studies on economic policy uncertainty (EPU), its impact on firms' emissions has not often been examined. Using an unbalanced panel data of firms and a newly constructed provincial EPU index in China, this paper estimates the impact of EPU on manufacturing firms' carbon emission intensity. We further test the likel...
Article
While macroeconomic uncertainty and its impact on commodity, mainly oil prices, have been frequently studied, there is no study investigating the role of macroeconomic uncertainty in natural gas pricing. To fill this gap, we construct homogeneous macroeconomic uncertainty measures for three major natural gas markets and investigate the dynamic caus...
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China's soaring outward foreign direct investment (OFDI) in the energy sector has attracted increasing attention, which is arguably intended to enhance China's energy security given its large oil deficit. This study attempts to empirically examine whether OFDI in the energy sector can help to enhance China's energy security by conducting an econome...
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Editorial on the Research Topic Energy Market and Energy Transition: Dynamics and Prospects
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Prompted by rising concern about weak consumer switching and the practice of price discrimination, over the period of 2016-2019, the Office of Gas and Electricity Markets (Ofgem) undertook a series of trials on communication-based interventions to encourage consumer switching in the United Kingdom. The main purpose of this paper is to assess the ex...
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Global change caused by carbon emissions alone has become a common challenge for all countries. However, current debates about urbanization and carbon emissions generally do not take into account the heterogeneities in urbanization and economic development levels. The goal of this study is to revisit the urbanization–emissions nexus by considering...
Article
Since household carbon emissions (HCEs) have become a new growing source and a significant contributor to global emissions, the reduction of HCEs is crucial. To formulate targeted and effective emission mitigation policies, we need to fully understand the characteristics of the distribution and evolution of per capita HCEs and their urban-rural and...
Article
The identification of factors that influence household carbon emissions (HCEs)—a key driver of the national emissions, is an important step in achieving more accurate predictions, as well as better interpretation and more effective policy intervention. In this paper, based on survey data, we first calculated the direct, indirect, and total HCEs per...
Article
Transportation infrastructure (TI) plays a critical role in China's economic growth, but its negative impacts on the environment have not been sufficiently addressed by the government. While studies of TI's impact on air pollution exist, there are few studies examining its impact on industrial pollution. This paper fills this gap by using the Spati...
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This study investigates the different impacts of coordinated development in the Beijing–Tianjin–Hebei (BTH) region on industrial energy and pollution intensities based on the difference-in-difference (DID) method and the quantile DID method. The panel data cover industrial energy consumption and three wastes, which are industrial wastewater, sulfur...
Article
CO2 emissions embodied in international trade have drawn wide attention in the academia and national climate negotiations. In this study, we estimate the embodied CO2 emissions in the trade between China and Australia using long time series disaggregated sectoral data based on missions embodied in bilateral trade (EEBT) method, and analyse the majo...
Article
In the context of global warming, increasing carbon productivity is an important way to balance environmental goals with economic growth and development. In this study, we measure the provincial industrial carbon productivity (ICP) in China. Employing spatial production-theoretical decomposition analysis and data from the industrial sector in each...
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Whether there will be a long-run equilibrium (steady state) in energy demand per capita is a critical question for energy and environmental policy makers. While many studies have been done on energy production and energy consumption, little attention has been paid to whether disparities in relative household energy consumption (RHEC) converge, and...
Article
With continuous growth, the global LNG market is becoming increasingly competitive over time, and Australia is at the forefront. This paper makes the first attempt to analyse the dynamics of Australia's LNG export performance, using an improved Constant Market Share (CMS) model and UN Comtrade LNG trade data in four sub-periods spanning 1989 to 201...
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Renewable energy (RE) is strategically important to achieve sustainability. Its development in China, however, is clearly imbalanced across regions. The uneven distribution of natural resources, financial resources and other factors across this country has brought serious challenges to the policymakers. It is thus important to give a comprehensive...
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The Association of Southeast Asia Nations (ASEAN) Power Grid (APG) is an interesting case study on how and why beneficial economic integration may not proceed smoothly. This paper explores the discrepancy between the feasible and beneficial prosperity and the current modest progress for the APG, and its reasons and possible solutions informed by le...