Research on Transformation Strategy of Energy Industry: Taking China as an Example

Abstract

Energy is the material basis of people's life for a long time, and the energy issue has become an important influencing factor for the economic development of every country that cannot be ignored. Over the past few decades, China’s economy has achieved remarkable growth and progress and has formed a set of energy structure system with Chinese characteristics. However, many energy problems have emerged in the process, which have a negative impact on the future sustainable development of China's economy and environmental protection. The transformation and upgrading of the energy industry will be of great importance to China today. This paper starts from the condition of China's energy in today, starting from China's energy structure, energy use ratio, the direction of new energy utilization, focusing on the problems of serious imbalance of energy ratio, excessive reliance on imports of oil and gas resources, low efficiency of energy use, and low proportion of new energy resources development and utilization. By combining domestic and foreign academic research and the successful methods of the United States and other countries, this paper propose corresponding transformation methods and strategies: vigorously developing new energy sources, implementing structural upgrading of energy use in some industries, promoting innovative research in the energy industry, and promoting international cooperation.