IDEAS home Printed from https://ideas.repec.org/a/eee/enepol/v165y2022ics030142152200221x.html
   My bibliography  Save this article

Toward green transition in the post Paris Agreement era: The case of Taiwan

Author

Listed:
  • Feng, Chun-Chiang
  • Chang, Kuei-Feng
  • Lin, Jin-Xu
  • Lee, Tsung-Chen
  • Lin, Shih-Mo

Abstract

The Paris Agreement opens a new era to combat the global climate change. Apart from this, the COVID-19 provides an opportunity of restructuring industries of an economy. The current literature and policy practices have addressed the need for including green transition measures in the adaptation and recovery plans to avoid a significant rebound effect on the environment. Given the fact that emission mitigation and the pandemic might have asymmetric impacts on the industrial structure, this study makes a quantitative contribution in analyzing the economy-wide impacts of main green transition policies to elucidate the significance of renewable energy development and market-based instruments for Taiwan. Our results show that offshore wind alone would not be sufficient to re-direct the energy-intensive pathway for Taiwan. In this regard, a sound green policy transition package ought to complement with a market-based instruments (such as carbon tax) and suitable tax revenue recycling scheme in order to reach a ‘win-win situation’ of a reduction of GHG emissions and a better economic performance.

Suggested Citation

  • Feng, Chun-Chiang & Chang, Kuei-Feng & Lin, Jin-Xu & Lee, Tsung-Chen & Lin, Shih-Mo, 2022. "Toward green transition in the post Paris Agreement era: The case of Taiwan," Energy Policy, Elsevier, vol. 165(C).
    • Handle: RePEc:eee:enepol:v:165:y:2022:i:c:s030142152200221x
    DOI: 10.1016/j.enpol.2022.112996
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S030142152200221X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.enpol.2022.112996?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. de Bovenberg, A Lans & Mooij, Ruud A, 1994. "Environmental Levies and Distortionary Taxation," American Economic Review, American Economic Association, vol. 84(4), pages 1085-1089, September.
    2. Daigee Shaw & Yu-Hsuan Fu, 2021. "Climate Clubs With Tax Revenue Recycling, Tariffs, And Transfers," World Scientific Book Chapters, in: Robert Mendelsohn (ed.), CLIMATE CHANGE ECONOMICS Commemoration of Nobel Prize for William Nordhaus, chapter 8, pages 103-116, World Scientific Publishing Co. Pte. Ltd..
    3. Chen, Falin & Lu, Shyi-Min & Wang, Eric & Tseng, Kuo-Tung, 2010. "Renewable energy in Taiwan," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(7), pages 2029-2038, September.
    4. Maliszewska,Maryla & Mattoo,Aaditya & Van Der Mensbrugghe,Dominique, 2020. "The Potential Impact of COVID-19 on GDP and Trade : A Preliminary Assessment," Policy Research Working Paper Series 9211, The World Bank.
    5. Duan, Hongbo & Bao, Qin & Tian, Kailan & Wang, Shouyang & Yang, Cuihong & Cai, Zongwu, 2021. "The hit of the novel coronavirus outbreak to China's economy," China Economic Review, Elsevier, vol. 67(C).
    6. Hector Pollitt & Karsten Neuhoff & Xinru Lin, 2020. "The impact of implementing a consumption charge on carbon-intensive materials in Europe," Climate Policy, Taylor & Francis Journals, vol. 20(S1), pages 74-89, April.
    7. Dixon, Peter B. & Rimmer, Maureen T. & Waschik, Robert G., 2018. "Evaluating the effects of local content measures in a CGE model: Eliminating the US Buy America(n) programs," Economic Modelling, Elsevier, vol. 68(C), pages 155-166.
    8. Jia, Zhijie & Wen, Shiyan & Lin, Boqiang, 2021. "The effects and reacts of COVID-19 pandemic and international oil price on energy, economy, and environment in China," Applied Energy, Elsevier, vol. 302(C).
    9. Yi-Hua Wu & Hancheng Dai & Yang Xie & Toshihiko Masui, 2019. "The efforts of Taiwan to achieve NDC target: an integrated assessment on the carbon emission trading system," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 99(3), pages 1295-1310, December.
    10. Francisco André & M. Cardenete & Esther Velázquez, 2005. "Performing an environmental tax reform in a regional economy. A computable general equilibrium approach," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 39(2), pages 375-392, June.
    11. Flaig, Dorothee & Lopez Gonzalez, Javier & Messent, James & Jouanjean, Marie-Agnès, 2016. "Modelling data localisation measures," Conference papers 332763, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    12. Paul Malliet & Frédéric Reynès & Gissela Landa & Meriem Hamdi-Cherif & Aurélien Saussay, 2020. "Assessing Short-Term and Long-Term Economic and Environmental Effects of the COVID-19 Crisis in France," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(4), pages 867-883, August.
    13. Zhang, Zhong Xiang, 1998. "Macroeconomic Effects of CO2 Emission Limits: A Computable General Equilibrium Analysis for China," Journal of Policy Modeling, Elsevier, vol. 20(2), pages 213-250, April.
    14. Maruf Rahman Maxim & Kerstin Zander, 2020. "Green Tax Reform and Employment Double Dividend in Australia Should Australia Follow Europe’s Footsteps? A CGE Analysis," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 14(4), pages 454-472, November.
    15. Callan, Tim & Lyons, Sean & Scott, Susan & Tol, Richard S.J. & Verde, Stefano, 2009. "The distributional implications of a carbon tax in Ireland," Energy Policy, Elsevier, vol. 37(2), pages 407-412, February.
    16. Warwick McKibbin & Roshen Fernando, 2021. "The Global Macroeconomic Impacts of COVID-19: Seven Scenarios," Asian Economic Papers, MIT Press, vol. 20(2), pages 1-30, Summer.
    17. Ross McKitrick, 1997. "Double Dividend Environmental Taxation and Canadian Carbon Emissions Control," Canadian Public Policy, University of Toronto Press, vol. 23(4), pages 417-438, December.
    18. Sabine, Garabedian & Avotra, Narindranjanahary & Olivia, Ricci & Sandrine, Selosse, 2020. "A macroeconomic evaluation of a carbon tax in overseas territories: A CGE model for Reunion Island," Energy Policy, Elsevier, vol. 147(C).
    19. Chun-Kai Wang & Chien-Ming Lee & Yue-Rong Hong & Kan Cheng, 2021. "Assessment of Energy Transition Policy in Taiwan—A View of Sustainable Development Perspectives," Energies, MDPI, vol. 14(15), pages 1-14, July.
    20. B. Lahcen & J. Brusselaers & K. Vrancken & Y. Dams & C. Silva Paes & J. Eyckmans & S. Rousseau, 2020. "Green Recovery Policies for the COVID-19 Crisis: Modelling the Impact on the Economy and Greenhouse Gas Emissions," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(4), pages 731-750, August.
    21. Shih-Mo Lin & Jun-Chiang Feng & Fu-Kuang Ko, 2012. "Assessing Taiwan’s energy security under climate change," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 62(1), pages 3-15, May.
    22. Chuang, Ming-Tung & Chang, Shih-Yu & Hsiao, Ta-Chih & Lu, Yun-Ru & Yang, Tsung-Yeh, 2019. "Analyzing major renewable energy sources and power stability in Taiwan by 2030," Energy Policy, Elsevier, vol. 125(C), pages 293-306.
    23. Chen, Falin & Lu, Shyi-Min & Tseng, Kuo-Tung & Lee, Si-Chen & Wang, Eric, 2010. "Assessment of renewable energy reserves in Taiwan," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(9), pages 2511-2528, December.
    24. Hwang, Jenn Jiang, 2010. "Promotional policy for renewable energy development in Taiwan," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(3), pages 1079-1087, April.
    25. Chun-Chiang Feng & Kuei-Feng Chang & Jin-Xu Lin & Shih-Mo Lin, 2020. "The Distributional Effect of A Carbon Tax on Income in Taiwan," Sustainability, MDPI, vol. 12(4), pages 1-17, February.
    26. repec:hal:spmain:info:hdl:2441/6neh4df2kq9orrjiscv6839f6n is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tien Son Nguyen & Jen-Ming Chen & Shih-Hsien Tseng & Li-Fen Lin, 2023. "Key Factors for a Successful OBM Transformation with DEMATEL–ANP," Mathematics, MDPI, vol. 11(11), pages 1-18, May.
    2. Hon Chung Lau & Steve C. Tsai, 2022. "A Decarbonization Roadmap for Taiwan and Its Energy Policy Implications," Sustainability, MDPI, vol. 14(14), pages 1-34, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jiang, Shiqi & Lin, Xinyue & Qi, Lingli & Zhang, Yongqiang & Sharp, Basil, 2022. "The macro-economic and CO2 emissions impacts of COVID-19 and recovery policies in China," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 981-996.
    2. Chun-Chiang Feng & Kuei-Feng Chang & Jin-Xu Lin & Shih-Mo Lin, 2020. "The Distributional Effect of A Carbon Tax on Income in Taiwan," Sustainability, MDPI, vol. 12(4), pages 1-17, February.
    3. Liu, Li-Jing & Yao, Yun-Fei & Liang, Qiao-Mei & Qian, Xiang-Yan & Xu, Chun-Lei & Wei, Si-Yi & Creutzig, Felix & Wei, Yi-Ming, 2021. "Combining economic recovery with climate change mitigation: A global evaluation of financial instruments," Economic Analysis and Policy, Elsevier, vol. 72(C), pages 438-453.
    4. Shehabi, Manal, 2022. "Modeling long-term impacts of the COVID-19 pandemic and oil price declines on Gulf oil economies," Economic Modelling, Elsevier, vol. 112(C).
    5. Chou, Shuo-Yan & Nguyen, Thi Anh Tuyet & Yu, Tiffany Hui-Kuang & Phan, Nguyen Ky Phuc, 2015. "Financial assessment of government subsidy policy on photovoltaic systems for industrial users: A case study in Taiwan," Energy Policy, Elsevier, vol. 87(C), pages 505-516.
    6. Liu, Shih-Yuan & Perng, Yeng-Horng & Ho, Yu-Feng, 2013. "The effect of renewable energy application on Taiwan buildings: What are the challenges and strategies for solar energy exploitation?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 28(C), pages 92-106.
    7. Hon Chung Lau & Steve C. Tsai, 2022. "A Decarbonization Roadmap for Taiwan and Its Energy Policy Implications," Sustainability, MDPI, vol. 14(14), pages 1-34, July.
    8. Huang, Yun-Hsun & Wu, Jung-Hua, 2011. "Assessment of the feed-in tariff mechanism for renewable energies in Taiwan," Energy Policy, Elsevier, vol. 39(12), pages 8106-8115.
    9. Yugang He & Yinhui Wang, 2022. "Macroeconomic Effects of COVID-19 Pandemic: Fresh Evidence from Korea," Sustainability, MDPI, vol. 14(9), pages 1-14, April.
    10. Lee, Shun-Chung & Shih, Li-Hsing, 2011. "Enhancing renewable and sustainable energy development based on an options-based policy evaluation framework: Case study of wind energy technology in Taiwan," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(5), pages 2185-2198, June.
    11. Freire-González, Jaume, 2018. "Environmental taxation and the double dividend hypothesis in CGE modelling literature: A critical review," Journal of Policy Modeling, Elsevier, vol. 40(1), pages 194-223.
    12. Alberto Gago & Xavier Labandeira & Xiral López Otero, 2014. "A Panorama on Energy Taxes and Green Tax Reforms," Hacienda Pública Española / Review of Public Economics, IEF, vol. 208(1), pages 145-190, March.
    13. Yanguas Parra, Paola & Hauenstein, Christian & Oei, Pao-Yu, 2021. "The death valley of coal – Modelling COVID-19 recovery scenarios for steam coal markets," Applied Energy, Elsevier, vol. 288(C).
    14. Sadananda Prusty & Anubha & Saurabh Gupta, 2021. "On the Road to Recovery: The Role of Post-Lockdown Stimulus Package," FIIB Business Review, , vol. 11(2), pages 206-224, June.
    15. Karunakaran Venkatesan & Uma Govindarajan & Padmanathan Kasinathan & Sanjeevikumar Padmanaban & Jens Bo Holm-Nielsen & Zbigniew Leonowicz, 2019. "Economic Analysis of HRES Systems with Energy Storage During Grid Interruptions and Curtailment in Tamil Nadu, India: A Hybrid RBFNOEHO Technique," Energies, MDPI, vol. 12(16), pages 1-26, August.
    16. Mabugu, Ramos E. & Maisonnave, Helene & Henseler, Martin & Chitiga-Mabugu, Margaret & Makochekanwa, Albert, 2023. "Implications of COVID-19 and mitigation measures on gender and the Zimbabwean economy," Economic Modelling, Elsevier, vol. 121(C).
    17. Pasquale Contestabile & Vincenzo Ferrante & Diego Vicinanza, 2015. "Wave Energy Resource along the Coast of Santa Catarina (Brazil)," Energies, MDPI, vol. 8(12), pages 1-25, December.
    18. Aubert, Diane & Chiroleu-Assouline, Mireille, 2019. "Environmental tax reform and income distribution with imperfect heterogeneous labour markets," European Economic Review, Elsevier, vol. 116(C), pages 60-82.
    19. Glomm, Gerhard & Kawaguchi, Daiji & Sepulveda, Facundo, 2008. "Green taxes and double dividends in a dynamic economy," Journal of Policy Modeling, Elsevier, vol. 30(1), pages 19-32.
    20. Paul Malliet & Frédéric Reynès & Gissela Landa & Meriem Hamdi-Cherif & Aurélien Saussay, 2020. "Assessing Short-Term and Long-Term Economic and Environmental Effects of the COVID-19 Crisis in France," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(4), pages 867-883, August.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:165:y:2022:i:c:s030142152200221x. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.