Economic benefits of Northeast Asia energy interconnection: A quantitative analysis based on a computable general equilibrium model
| Autor: | Shenghao Feng, Jian Wang, Junyong Xiang |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
Computable general equilibrium
Consumption (economics) Interconnection Renewable Energy Sustainability and the Environment business.industry Energy Engineering and Power Technology Economic impacts Northeast Asia Environmental economics Energy conservation Grid Investment (macroeconomics) Energy industries. Energy policy. Fuel trade TJ163.26-163.5 Renewable energy Technical feasibility Quantitative analysis (finance) Control and Systems Engineering Automotive Engineering Global Energy Interconnection Economics HD9502-9502.5 Electrical and Electronic Engineering CGE business |
| Zdroj: | Global Energy Interconnection, Vol 4, Iss 3, Pp 295-303 (2021) |
| ISSN: | 2096-5117 |
| DOI: | 10.1016/j.gloei.2021.07.002 |
| Popis: | There has been an intense discussion on the energy infrastructure cooperation in Northeast Asia. Most studies have focused on the technical feasibility of grid interconnection, deployment of renewable energy, and have ignored the quantitative analysis of social and economic benefits of these proposals. This study uses a computable general equilibrium model to evaluate the effects of energy interconnection in Northeast Asia. Key model development tasks include 1) constructing a new nesting structure, 2) econometrically estimating the constant elasticities of substitution (CES) between fossil- and non-fossil-power generation bundles, 3) developing a new base-case scenario, and 4) developing the policy scenario. We found that while Northeast Asia will benefit from energy interconnection development with higher GDP than in the base-case; there will be a trade-off between higher investment and lower consumption. Sector results and environmental implications in this region are also discussed. |
| Databáze: | OpenAIRE |
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