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Abstract
The introduction of the term “new quality productive forces” (NQPF) in China signals its move towards cutting-edge technologies and innovation as the new drivers of economic growth. As it shifts from labor-tensive sectors towards advanced industries, the energy sector is also expected to experience significant regime switch. This paper discusses how the new term articulated by the top leadership will reshape China's energy sector including its labor, technology, critical resource supply, and the industrial value chain. The development of NQPF not only affects labor landscape and technology development, but also bring about significant change in the industrial value chain in China's energy sector. I summarize that NQPF refers to high-tech driven, and sustainability-oriented productivity with more radical rather than incremental innovation. Overall, the energy sector is the key domain for creating NQPF for high-quality economic growth and the new forces act as a significant catalyst in transforming the energy sector towards achieving green, low-carbon, and sustainable development. © 2024 The Author. Published by Elsevier Ltd.
| Original language | English |
|---|---|
| Article number | 100352 |
| Journal | Energy Nexus |
| Volume | 16 |
| Online published | 26 Nov 2024 |
| DOIs | |
| Publication status | Published - Dec 2024 |
Funding
The study was financially supported by the Research Grants Council of the Hong Kong Special Administrative Region, China (N_CityU146/23).
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth
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SDG 9 Industry, Innovation, and Infrastructure
Research Keywords
- Critical raw materials
- Energy storage
- Hydrogen
- Industrial value chain
- New quality productive forces
- Skilled labor
Publisher's Copyright Statement
- This full text is made available under CC-BY 4.0. https://creativecommons.org/licenses/by/4.0/
RGC Funding Information
- RGC-funded
Fingerprint
Dive into the research topics of 'Understanding the new quality productive forces in the energy sector'. Together they form a unique fingerprint.Projects
- 1 Active
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NSFC: Asset-stranding Risks of Energy Firms under the Carbon Neutrality Goals and Spillover Effects on the Capital Market in mainland China and Hong Kong
ZHANG, L. (Principal Investigator / Project Coordinator), WANG, Y. (Co-Investigator), ZHANG, W. (Co-Investigator) & ZHOU, W. (Co-Investigator)
1/01/24 → …
Project: Research
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