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This study was conducted to evaluate the causality between energy consumption, GDP growth and carbon emissions for eight Asia-Pacific countries from 1971 to 2005 using the panel data. The results indicate that there are long-run equilibrium relationships between these variables. Additionally, causality from energy consumption to CO2 emissions was observed generally, but there were some opposite relationships also. Parameter estimations of the panel data model indicate that there are great differences in the carbon emissions, the efficiencies of energy use, carbon emissions of unit GDP and unit energy consumption between developed and developing countries. The base carbon emissions, per capita energy consumption...
This paper studies the timing of subsidies for emissions-saving research and development (R&D) and how innovation policy is influenced by a carbon tax. We develop a dynamic computable general equilibrium (CGE) model with both general R&D and specific emissions-saving R&D. We find two results that are important when subsidizing emissions-saving R&D in order to target inefficiencies in the research markets. First, the welfare gain from subsidies is larger when the carbon tax is high. This is because a high carbon tax raises the social value of the emissions-saving technology and that this increase in value is not fully appropriated by the private firms. Secondly, the welfare gain is greater when there is a falling...
This study was conducted to evaluate the causality between energy consumption, GDP growth and carbon emissions for eight Asia-Pacific countries from 1971 to 2005 using the panel data. The results indicate that there are long-run equilibrium relationships between these variables. Additionally, causality from energy consumption to CO2 emissions was observed generally, but there were some opposite relationships also. Parameter estimations of the panel data model indicate that there are great differences in the carbon emissions, the efficiencies of energy use, carbon emissions of unit GDP and unit energy consumption between developed and developing countries. The base carbon emissions, per capita energy consumption...
Biomass could be a renewable source of energy and chemicals that would not add CO2 to the atmosphere. It will become economically competitive as its cost decreases relative to energy costs, and biotechnology is expected to accelerate this trend by increasing biomass productivity. Pressure to slow global warming may also make biomass more attractive. Substantial dependence on biomass would entail massive changes in land use, risking serious reductions in biodiversity through destruction of habitat for native species. Forests could be managed and harvested more intensively, and virtually all arable land unsuitable for high-value agriculture or silviculture might be used to grow energy crops. We estimate that it would...
We present five performance indicators for electricity generation for 129 countries using the 2005 data. These indicators, measured at the national level, are the aggregate CO2 intensity of electricity production, the efficiencies of coal, oil and gas generation and the share of electricity produced from non-fossil fuels. We conduct a study on the potential for reducing global energy-related CO2 emissions from electricity production through simple benchmarking. This is performed based on the last four performance indicators and the construction of a cumulative curve for each of these indicators. It is found that global CO2 emissions from electricity production would be reduced by 19% if all these indicators are...
This study was conducted to evaluate the causality between energy consumption, GDP growth and carbon emissions for eight Asia-Pacific countries from 1971 to 2005 using the panel data. The results indicate that there are long-run equilibrium relationships between these variables. Additionally, causality from energy consumption to CO2 emissions was observed generally, but there were some opposite relationships also. Parameter estimations of the panel data model indicate that there are great differences in the carbon emissions, the efficiencies of energy use, carbon emissions of unit GDP and unit energy consumption between developed and developing countries. The base carbon emissions, per capita energy consumption...
We present five performance indicators for electricity generation for 129 countries using the 2005 data. These indicators, measured at the national level, are the aggregate CO2 intensity of electricity production, the efficiencies of coal, oil and gas generation and the share of electricity produced from non-fossil fuels. We conduct a study on the potential for reducing global energy-related CO2 emissions from electricity production through simple benchmarking. This is performed based on the last four performance indicators and the construction of a cumulative curve for each of these indicators. It is found that global CO2 emissions from electricity production would be reduced by 19% if all these indicators are...