The Study On Energy Resources Value Based On Sustainable Devlopment Theory

The amount of energy resoures held by each Chinese person is less than the half of the average level of the world. But the speedy industrialization in this rapid developing country brings on enormous energy needs and environment pollution. Energy resources issue becomes a key to Chinese sustainable development. The value of this kind of resources is an elementary factor of this issue, which is of significance in correct the price systems for energy resources products, facilitating the sustainable use of energy resources and accounting the true national income with the depletion of energy resources. But the orthodox labor value theory and market theory don't underly the sustainable value of energy resources. For this reason, this article studies such subjects as value foundation, value elements, intratemporal accounting, intergenerational allocation and sustainable price system of energy resources based on sustainable devolopmet theory.First of all, this author depicts the characteristics of value entity, value source, value determination and value distribution of exhaustible natural resources, which differ from their economic contr-parts. Three value models for exhaustible natural resources are analyzed and examined by virtue of three diverse concepts about sustainable development. This chapter can be seen as the preliminary theory underlying the whole dissertation.Three analytical models are respectively set forth for each value element contained in MOC theory. MUC is furtherly defined as intergenerational opportunity cost under sustainability context and the concept of relative value is built up to analyze its dynamic character. In the neoclassic growrh with the invariable substitution of resource for capital, the formulation of this relative value is deduced. For MPC, Hotelling model is used to illuminate the relation between the change of MPC and the impossibilities of sustainable use of energy resources; For MEC, an optimal growth model with exhaustible energy resources and environment pollution is employed to calculate the optimal environment...