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Evaluation of a Renewable Energy Scenario in India For Economic and Co2 Mitigation Effects

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  • Ashish Rana

Abstract

Renewable energy technologies (RETs) are attractive for sustainable energy supply and CO2 mitigation. In this paper, a CGE model is used to analyze the effects of rapid reduction of costs of solar power generation, an important RET, in India. Alternate scenarios of cost reduction of solar power, hybrid scenarios with a carbon tax and a scenario of only carbon tax are compared with a reference scenario. Simulation results show that under such a scenario, high penetration of solar technology, economic gains, and modest emission reduction are achieved. The analysis shows that compared to accelerated solar technology scenario, a carbon tax achieves superior mitigation. Broad policy implications for developing countries are drawn in the context of global climate change debate.

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  • Ashish Rana, 2003. "Evaluation of a Renewable Energy Scenario in India For Economic and Co2 Mitigation Effects," Review of Urban & Regional Development Studies, Wiley Blackwell, vol. 15(1), pages 45-54, March.
    • Handle: RePEc:bla:revurb:v:15:y:2003:i:1:p:45-54
    DOI: 10.1111/1467-940X.00063
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    Cited by:

    1. Nair Rajesh & P.R. Shukla & Manmohan Kapshe & Amit Garg & Ashish Rana, 2003. "Analysis of Long-term Energy and Carbon Emission Scenarios for India," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 8(1), pages 53-69, March.
    2. Timilsina, Govinda R. & Landis, Florian, 2014. "Economics of transiting to renewable energy in Morocco : a general equilibrium analysis," Policy Research Working Paper Series 6940, The World Bank.
    3. Cabalu, Helen & Koshy, Paul & Corong, Erwin & Rodriguez, U-Primo E. & Endriga, Benjamin A., 2015. "Modelling the impact of energy policies on the Philippine economy: Carbon tax, energy efficiency, and changes in the energy mix," Economic Analysis and Policy, Elsevier, vol. 48(C), pages 222-237.
    4. Shinichi Muto & Hisa Morisugi & Taka Ueda, 2003. "Measuring Market Damage of Automobile Related Carbon Tax by Dynamic Computable General Equilibrium model," ERSA conference papers ersa03p257, European Regional Science Association.
    5. Landis,Florian & Timilsina,Govinda R., 2015. "The economics of policy instruments to stimulate wind power in Brazil," Policy Research Working Paper Series 7346, The World Bank.

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