Research On Energy Consumption And Sustainability In India's Economic Growth

The purpose of this paper is to analyze and interpret India's energy consumption,carbon emissions patterns,conditions,characteristics,study the nexus between energy consumption and economic growth and the sustainability of India's energy consumption model.As an important developing country,systematically studies on the relationship between energy and economic growth can explore the theoretical path of sustainable economic and energy development in developing countries and provide theoretical support for achieving low-carbon economic growth.Investigating India as a national case to explore the issue of energy consumption in its economic growth has important theoretical and academic value for validating and enriching the relevant theories of economics and energy economics.India is a major energy consumer along the "One Belt One Road".China's primary energy consumption ranked first in the world,and India ranked third in 2017.The sum of energy consumption of China and India accounted for 28.76%of the world's primary energy consumption.The sum of consumption increments in China and India accounted for 46.06%of the total increase in the world.India's growth will stimulates greater energy demand.The research in this paper can provide reference for China to coping with India's energy competition and maintaining the global climate environment together.It also helps China to carry out active and effective energy cooperation with other Indian stakeholders.India has become the world's third largest energy consumer since 2015 and the world's third largest carbon emitter since 2013.Most of India's fossil energy is dependent on imports,and the proportion of imports is increasing year by year.India's energy consumption model has obvious "three high" characteristics of "high growth","high carbon emissions" and "high dependence".The utilization efficiency of India's energy consumption in the overall process of economic growth shows a good trend of improvement and optimization.Through the path analysis of India's energy impact factors,it can be seen that the factors affecting India's energy consumption from large to small are urbanization,technological progress,economic growth,and energy prices.Urbanization is the decisive factor,followed by the economic globalization.The time series cointegration test method is used to construct the error vector correction model(VECM).The Toda-Yamamoto method is used to study the unidirectional causal relationship from economic growth to energy consumption,which is consistent with the conservative hypothesis.It means that energy-saving measures aimed at improving energy efficiency and promoting technological progress will not hinder economic growth.India's carbon emissions are growing at a high rate and are still in the upswing before the inflection point of the inverted U-shaped curve.In terms of energy mix,carbon emissions from coal are the most,accounting for about two-thirds.From the perspective of industrial structure,carbon emissions from the power and heat production sectors are the most.The carbon emission intensity shows an inverted U-shaped curve with a peak in 1992.This paper analyzes the sustainability of energy consumption in India from three aspects.The conclusions are as follows:There is an EKC curve for energy consumption and economic growth,and there is also an EKC curve for carbon emissions and economic growth;Energy consumption,carbon emissions and economic growth have shown a good trend of weak decoupling after 2000.Future India's carbon emissions and economic growth decoupling development measures should focus on improving energy structure,strengthening the development of carbon emission reduction technologies,and promoting industrial upgrading based on energy efficiency.India's energy consumption is theoretically scaled.India's energy efficiency has generally shown a good trend of improvement.The GDP elasticity coefficient of energy consumption is less than 1,and the energy consumption intensity has an inverted U shape.India's renewable energy has developed well and achieved positive results.Increased energy efficiency and the development of renewable energy will have a positive impact on the sustainable energy supply of energy.However,the optimization and sustainability of India's "three high"energy consumption patterns still faces many realistic constraints from resource supply and environment.The Indian government should design and develop a comprehensive,long-term,operational and comprehensive energy policy from the aspects of expanding energy production capacity,improving energy market efficiency,optimizing energy structure,and promoting energy technology progress,in order to improve energy consumption patterns and ensure economic stability and sustainability.increase.India needs to take comprehensive measures to promote the sustainable use of energy,cross the Kuznets curve as soon as possible,and achieve economic growth with low energy consumption and low carbon emissions.This paper has made the following possible innovations in the research:on the basis of detailed analysis and research on the data,it sums up the "three highs" characteristics of "high growth","high carbon emission" and"high dependence" of energy consumption in India;The LMDI decomposition study of carbon emission influencing factors indicates that India's energy structure does not have a trending impact on carbon emissions,and India needs to increase energy structure optimization to promote carbon emission reduction.The influential factors that have a significant negative effect on India's carbon emissions growth are energy intensity,indicating that energy efficiency and technological progress have already played a positive role in carbon reduction;using path analysis studies found three major factors affecting India's energy consumption.In turn,it is urbanization,technological progress,and economic growth.Using the environmental Kuznets curve,it is concluded that India's energy consumption and carbon emission scale are theoretically convergent;the analysis points out the possible path for India to achieve sustainable energy use.