The hottest the Belt and Road promotes regional en

2022-08-12
  • Detail

"The the Belt and Road" promotes the integration of regional energy market

"the the Belt and Road" promotes the integration of regional energy market

China Construction machinery information

as the country with the largest energy consumption in the world, the problem of energy security is particularly prominent. Recently, at the 4th global energy security think tank forum, the research group of the Institute of quantitative economics and technical economics of the Chinese Academy of Social Sciences released the report "the Belt and Road: connectivity and common development - energy infrastructure construction and energy market integration in the Asia Pacific region" (hereinafter referred to as the "report") that the current world economic growth is extremely uneven, and the development gap is everywhere, The fundamental reason is the gap in basic service costs, and China's "the Belt and Road" strategy provides new opportunities for world economic development

The above report points out that since the human industrial revolution, the key to determining whether a region can realize the transformation from a traditional economy to a modern economy is not its geographical location, but the cost of its basic services and external exchange, including logistics exchange, information exchange, capital exchange, personnel exchange, etc. If the cost of foreign exchange can be effectively reduced, any region is likely to achieve economic transformation and leap forward. In the region with the lowest comprehensive cost, scale agglomeration effect can be formed and a new growth pole can be formed

since the reform and opening up, China's economy has developed rapidly, in which the basic services provided by infrastructure such as energy, transportation and telecommunications have played an important role in promoting. India's PE deficit will reach 3.4 million tons in 2023, and it has become the world's second largest economy. The huge market scale and production capacity, which are not easy to guarantee, enable China to promote the economic growth of the world, the Asia Pacific, Asia and Europe. At the same time, it is time to promote the integrated development of China's economy and surrounding economies

for this reason, China has put forward the development concept of the "the Belt and Road", which is not only consistent with the land and sea channels of China's energy imports, but also conducive to strengthening the energy links between China and countries along the route. At the same time, it is also to promote regional integration and development through energy and transportation infrastructure, commercial finance and investment cooperation, eliminate the development gap between countries, and eliminate the soil for extremism and terrorism. If this idea can be effectively implemented, it will bring more common interests to the world than expected

build three regional energy markets

the report believes that in the past, the competition among countries in the world was mainly focused on the competition for resources. With the change of supply and demand, the position of the market has become increasingly prominent, and the focus of competition among countries has gradually changed from competing for resources and minerals to competing for the market

as the foundation of modern economy, modern logistics system, industrial system and social service system, energy trade is highly complementary and less difficult than general commodity markets, and there are few trade frictions and disputes. Therefore, in the "the Belt and Road" strategy, promoting the integration of regional energy markets has become an important starting point and guide to promote the development of regional integration

in fact, there must be fuses and disconnects. Energy infrastructure is an important part of cooperation between Asian countries and countries along the "the Belt and Road". However, most of the countries along the "the Belt and Road" are emerging economies and developing countries. The development of infrastructure lags behind, and limited by financial capacity, they do not have the ability to invest in infrastructure construction in the short term. According to preliminary estimates, more than 60 countries are involved along the "the Belt and Road", accounting for two-thirds of the global population and one-third of the global economic scale. They are generally in the rising period of economic development. Infrastructure construction is entering an accelerated period, and the total investment scale may be as high as US $6 trillion

according to the regional economic structure and energy factor endowment, the report proposes to promote the construction of three regional common energy markets in Northeast Asia, Central Asia and Southeast Asia

ensure the security and stability of energy supply

at present, the area covered by the "controller panel has conditioning buttons, and the the Belt and Road" has become the world's largest energy consumption market, which will change the direction of world energy trade and affect the international energy layout. Among them, the energy consumption of China, India, Pakistan and Southeast Asian countries is still growing. As the "the Belt and Road" covers a wide range, various energy channels in the region face greater security risks in terms of politics, military, economic and social order. Countries along the route should work together to maintain the security of maritime transport channels, land energy channels and network information technology, and ensure the security and stability of energy supply in the Eurasian continent

the report said that at present, the energy markets in Asia and Europe are scattered, the infrastructure is aging, and the energy policies of various countries lack transparency. To promote the energy cooperation of regional energy market integration, we should not only pay attention to the interconnection of hardware infrastructure such as energy and transportation, but also formulate and improve the principles of global energy governance, and consider the cooperation in currency, capital, commerce and finance, so as to form equal consultation between consumer countries and producer countries A new pattern of cooperation for common development

in fact, the "the Belt and Road" strategy provides opportunities for countries along the the Belt and Road to improve the level of infrastructure, but infrastructure project financing is large-scale, long-term, high-risk, and there is great uncertainty in the business and investment environment, capital security, and political risk factors of countries along the belt and road. Therefore, meeting capital needs and reasonably designing financing schemes have become an important part of the implementation of the "belt and road" strategy. The report suggests: first, unimpeded sources of funds, including China's policy banks, the Shanghai Cooperation Organization Bank Consortium, the Central Asian regional economic cooperation mechanism, the Asian technology infrastructure investment bank, the BRICs New Development Bank, the Silk Road Fund, private capital and other sources of funds. The second is to innovate financing methods, including bond market financing, "infrastructure for oil" mode, etc

Copyright © 2011 JIN SHI