East Asian Economic Review

Korea Institute for International Economic Policy (대외경제정책연구원)
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The Structure and Evolution of Renewable Energy Trade Networks in the RCEP Region: Application of SNA Method

  • Jinyan Tian (Department of Global Business, Kyonggi University) ;
  • Qianli Wu (Department of Global Business, Kyonggi University) ;
  • Congying Sun (Department of Global Business, Kyonggi University) ;
  • Ziyang Liu (Department of Global Business, Kyonggi University)
  • Received : 2023.12.06
  • Accepted : 2024.02.11
  • Published : 2024.03.30
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Abstract

This paper utilizes social network analysis to examine the structural characteristics and trade dynamics of the renewable energy (hydropower, wind energy, and solar energy) trade network within the RCEP region from 2011 to 2020. The findings reveal: (1) The renewable energy trade network within the RCEP exhibits dynamism, heterogeneity, and an uneven development. The solar energy network is the most balanced and stable, while the wind energy network lags and shows marked fluctuations, with the hydropower network falling between these two. This demonstrates the diversity of energy trade within the region. (2) China, Singapore, and Japan are identified as the key exporting and importing countries, with Vietnam showing substantial growth potential. Individual analyses shed light on the stark disparities in trade status among nations, reflecting the diverse roles and future potential of member countries. (3) The QAP regression analysis reveals a significant influence of environmental pressure, particularly carbon dioxide emissions, on the renewable energy trade network. This study contributes to promoting environmental sustainability and energy security in the RCEP region and provides empirical evidence for global renewable energy trade strategies.

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