What is it about?
Most Asian cities have essentially followed the same development pattern, which consists in transitioning from a manufacturing-based economy to a service-based economy over the past few decades. Yet, do the so-called low energy intensive and low carbon intensive sectors such as finance and tourism really consume less energy and slow down the growth of energy consumption? This paper aims to answer this important question by tracking the economic development and energy consumption in Hong Kong using long term time series.
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Why is it important?
The findings of the study indicated that the tertiary sector indeed consumes significantly more energy than most people realize. Moreover, the Hong Kong government has increased its energy consumption such as electricity consumption and gasoline consumption (due to increase in government-owned vehicles and contract vehicles) continually in the past few decades. Thus, a fundamental change in government policy and its own practice is warranted.
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This page is a summary of: Energy Consumption and Economic Development in Hong Kong, China, Energies, November 2017, MDPI AG, DOI: 10.3390/en10111883.
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