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Assessing Taiwan’s energy security under climate change

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  • Shih-Mo Lin
  • Jun-Chiang Feng
  • Fu-Kuang Ko

Abstract

This paper intends to assess Taiwan’s energy security situation under current and future development of global environment. We construct a static computable general equilibrium model for Taiwan to fulfill our purpose. The model is benchmarked in 2006 and includes detailed specification of power generation technology and renewable energy producing sectors. It also distinguishes sources of imported energy to reflect Taiwan’s current policy of diversifying sources of supply for energy. Simulations using the model have been focused on both changes in energy price and quantity of energy supply under specific specifications of the development of renewable energy technologies and CO 2 emission reduction requirements. Our simulation results demonstrate that energy security and climate change mitigation interact each other, and under a specific emission reduction target, the effect of exogenous energy shocks on the economy will be partially absorbed by the internal adjustment mechanism of the economy. Copyright Springer Science+Business Media B.V. 2012

Suggested Citation

  • 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.
    • Handle: RePEc:spr:nathaz:v:62:y:2012:i:1:p:3-15
    DOI: 10.1007/s11069-011-0006-3
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    References listed on IDEAS

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    1. Löschel, Andreas & Moslener, Ulf & Rübbelke, Dirk T.G., 2010. "Indicators of energy security in industrialised countries," Energy Policy, Elsevier, vol. 38(4), pages 1665-1671, April.
    2. Kruyt, Bert & van Vuuren, D.P. & de Vries, H.J.M. & Groenenberg, H., 2009. "Indicators for energy security," Energy Policy, Elsevier, vol. 37(6), pages 2166-2181, June.
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    4. Vivoda, Vlado, 2009. "Diversification of oil import sources and energy security: A key strategy or an elusive objective?," Energy Policy, Elsevier, vol. 37(11), pages 4615-4623, November.
    5. Shih-Mo Lin & Jin-Xu Lin & Han-Pan Su & Fu-Kuang Ko & Le-Ren Lu, 2009. "The potential of renewable energy and energy efficiency improvement in reducing CO 2 emissions in Taiwan," International Journal of Global Energy Issues, Inderscience Enterprises Ltd, vol. 32(1/2), pages 119-138.
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    Cited by:

    1. Hui-Chih Chai & Wei-Hong Hong & John M. Reilly & Sergey Paltsev & Y.-H. Henry Chen, 2019. "Will Greenhouse Gases Mitigation Policies Abroad Affect The Domestic Economy? The Case Of Taiwan," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 10(04), pages 1-26, November.
    2. 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).
    3. Li, Wei & Sun, Wen & Li, Guomin & Jin, Baihui & Wu, Wen & Cui, Pengfei & Zhao, Guohao, 2018. "Transmission mechanism between energy prices and carbon emissions using geographically weighted regression," Energy Policy, Elsevier, vol. 115(C), pages 434-442.
    4. Chai, Hui-Chih & Hong, Wei-Hong & Chen, Y.-H. Henry, 2017. "The Economic Projection and Policy Analysis Model for Taiwan: A Global Computable General Equilibrium Analysis," Conference papers 332889, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    5. Babatunde, Kazeem Alasinrin & Begum, Rawshan Ara & Said, Fathin Faizah, 2017. "Application of computable general equilibrium (CGE) to climate change mitigation policy: A systematic review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 78(C), pages 61-71.
    6. Mei-Mei Xue & Gang Wu & Qian Wang & Yun-Fei Yao & Qiao-Mei Liang, 2019. "Socioeconomic impacts of a shortage in imported oil supply: case of China," 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 1415-1430, December.
    7. Zhao, Chunfu & Chen, Bin, 2014. "China’s oil security from the supply chain perspective: A review," Applied Energy, Elsevier, vol. 136(C), pages 269-279.

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