Energy consumption and CO2 emission in Taiwans iron-steel industries

Jin-Li Hu*, Chiang Ping Chen, Yen Haw Chen, Chunto Tso

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

2 Scopus citations

Abstract

This article investigates an empirical model to provide a reference for policies or regulations of energy consumption and greenhouse gas reduction in the iron and steel industry. Crude steel production is used to evaluate the energy consumption level and carbon dioxide emissions of Taiwans iron and steel industry during the period 1982 to 2009. Empirical findings show that the annual growth rate of blast furnaces is on average lower than the annual growth rate of electric arc furnaces. When economic growth and the effect from energy saving are considered, an inverted U-shaped trend is observed in the energy consumption of crude steel. Moreover, carbon dioxide emissions are found to be the lowest at the economic growth rate between 2% to 4% and an energy saving rate of 0.6%, corresponding to 24.35 and 32.36 million tons in 2010 and 2020, respectively, will reduce to 29.9 million tons in 2050.

Original languageEnglish
Pages (from-to)87-95
Number of pages9
JournalEnergy Sources, Part B: Economics, Planning and Policy
Volume11
Issue number1
DOIs
StatePublished - 2 Jan 2016

Keywords

  • Carbon dioxid emissions
  • energy consumption
  • iron and steel industry
  • Taiwan
  • vector autoregression (VAR)

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