IDEAS home Printed from https://ideas.repec.org/a/eee/enepol/v67y2014icp243-254.html
   My bibliography  Save this article

An economic and environmental assessment of future electricity generation mixes in Japan – an assessment using the E3MG macro-econometric model

Author

Listed:
  • Pollitt, Hector
  • Park, Seung-Joon
  • Lee, Soocheol
  • Ueta, Kazuhiro

Abstract

In this paper we consider future options for Japanese energy and climate policy. We assess the economic and environmental impacts of changing the share of electricity generated by nuclear power and varying the mid-term GHG targets. The quantitative approach we use is based on the global macro-econometric E3MG model.

Suggested Citation

  • Pollitt, Hector & Park, Seung-Joon & Lee, Soocheol & Ueta, Kazuhiro, 2014. "An economic and environmental assessment of future electricity generation mixes in Japan – an assessment using the E3MG macro-econometric model," Energy Policy, Elsevier, vol. 67(C), pages 243-254.
  • Handle: RePEc:eee:enepol:v:67:y:2014:i:c:p:243-254
    DOI: 10.1016/j.enpol.2013.12.018
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301421513012627
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.enpol.2013.12.018?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. Zhang, Qi & Ishihara, Keiichi N. & Mclellan, Benjamin C. & Tezuka, Tetsuo, 2012. "Scenario analysis on future electricity supply and demand in Japan," Energy, Elsevier, vol. 38(1), pages 376-385.
    2. Dagoumas, [alpha].S. & Barker, T.S., 2010. "Pathways to a low-carbon economy for the UK with the macro-econometric E3MG model," Energy Policy, Elsevier, vol. 38(6), pages 3067-3077, June.
    3. Vicki Duscha & Katja Schumacher & Joachim Schleich & Pierre Buisson, 2014. "Costs of meeting international climate targets without nuclear power," Climate Policy, Taylor & Francis Journals, vol. 14(3), pages 327-352, May.
    4. Hong, Sanghyun & Bradshaw, Corey J.A. & Brook, Barry W., 2013. "Evaluating options for the future energy mix of Japan after the Fukushima nuclear crisis," Energy Policy, Elsevier, vol. 56(C), pages 418-424.
    5. Hertel,Thomas W. (ed.), 1999. "Global Trade Analysis," Cambridge Books, Cambridge University Press, number 9780521643740.
    6. Terry Barker, Haoran Pan, Jonathan Kohler, Rachel Warren, and Sarah Winne, 2006. "Decarbonizing the Global Economy with Induced Technological Change: Scenarios to 2100 using E3MG," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 241-258.
    7. Hendry, David F. & Pagan, Adrian R. & Sargan, J.Denis, 1984. "Dynamic specification," Handbook of Econometrics, in: Z. Griliches† & M. D. Intriligator (ed.), Handbook of Econometrics, edition 1, volume 2, chapter 18, pages 1023-1100, Elsevier.
    8. Engle, Robert & Granger, Clive, 2015. "Co-integration and error correction: Representation, estimation, and testing," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 39(3), pages 106-135.
    9. Terry Barker & S. Serban Scrieciu & Tim Foxon, 2008. "Achieving the G8 50% target: modelling induced and accelerated technological change using the macro-econometric model E3MG," Climate Policy, Taylor & Francis Journals, vol. 8(sup1), pages 30-45, December.
    10. Valentina Bosetti & Reyer Gerlagh & Stefan P. Schleicher (ed.), 2009. "Modelling Sustainable Development," Books, Edward Elgar Publishing, number 13132.
    11. Akimoto, Keigo & Sano, Fuminori & Homma, Takashi & Oda, Junichiro & Nagashima, Miyuki & Kii, Masanobu, 2010. "Estimates of GHG emission reduction potential by country, sector, and cost," Energy Policy, Elsevier, vol. 38(7), pages 3384-3393, July.
    12. Terry Barker & Annela Anger & Unnada Chewpreecha & Hector Pollitt, 2012. "A new economics approach to modelling policies to achieve global 2020 targets for climate stabilisation," International Review of Applied Economics, Taylor & Francis Journals, vol. 26(2), pages 205-221, October.
    13. Homma, Takashi & Akimoto, Keigo, 2013. "Analysis of Japan's energy and environment strategy after the Fukushima nuclear plant accident," Energy Policy, Elsevier, vol. 62(C), pages 1216-1225.
    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. Shih, Hsiu-Ching & Chiang, Chia-Yun & Lai, Hsin-Chih & Hsiao, Min-Chuan & Chen, Li-Heng & Ma, Hwong-wen, 2023. "Assessing the nexus of electric vehicle and energy policies on health risks," Energy, Elsevier, vol. 282(C).
    2. Maruf Rahman Maxim, 2020. "Environmental fiscal reform and the possibility of triple dividend in European and non-European countries: evidence from a meta-regression analysis," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 22(4), pages 633-656, October.
    3. Bowen Xiao & Dongxiao Niu & Xiaodan Guo & Xiaomin Xu, 2015. "The Impacts of Environmental Tax in China: A Dynamic Recursive Multi-Sector CGE Model," Energies, MDPI, vol. 8(8), pages 1-28, July.
    4. Lu, Hong-fang & Lin, Bin-le & Campbell, Daniel E. & Sagisaka, Masayuki & Ren, Hai, 2016. "Interactions among energy consumption, economic development and greenhouse gas emissions in Japan after World War II," Renewable and Sustainable Energy Reviews, Elsevier, vol. 54(C), pages 1060-1072.
    5. Strand,Jon, 2020. "Supporting Carbon Tax Implementation in Developing Countries through Results-Based Payments for Emissions Reductions," Policy Research Working Paper Series 9443, The World Bank.
    6. Maruf Rahman Maxim & Kerstin Zander, 2019. "Can a Green Tax Reform Entail Employment Double Dividend in European and non-European Countries? A Survey of the Empirical Evidence," International Journal of Energy Economics and Policy, Econjournals, vol. 9(3), pages 218-228.
    7. Chiu, Fan-Ping & Kuo, Hsiao-I. & Chen, Chi-Chung & Hsu, Chia-Sheng, 2015. "The energy price equivalence of carbon taxes and emissions trading—Theory and evidence," Applied Energy, Elsevier, vol. 160(C), pages 164-171.
    8. Hu, Xiurong & Pollitt, Hector & Pirie, Jamie & Mercure, Jean-Francois & Liu, Junfeng & Meng, Jing & Tao, Shu, 2020. "The impacts of the trade liberalization of environmental goods on power system and CO2 emissions," Energy Policy, Elsevier, vol. 140(C).
    9. Sijm, Jos & Lehmann, Paul & Chewpreecha, Unnada & Gawel, Erik & Mercure, Jean-Francois & Pollitt, Hector & Strunz, Sebastian, 2014. "EU climate and energy policy beyond 2020: Are additional targets and instruments for renewables economically reasonable?," UFZ Discussion Papers 3/2014, Helmholtz Centre for Environmental Research (UFZ), Division of Social Sciences (ÖKUS).
    10. Soocheol Lee & Unnada Chewpreecha & Hector Pollitt & Satoshi Kojima, 2018. "An economic assessment of carbon tax reform to meet Japan’s NDC target under different nuclear assumptions using the E3ME model," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 20(2), pages 411-429, April.

    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. Sijm, Jos & Lehmann, Paul & Chewpreecha, Unnada & Gawel, Erik & Mercure, Jean-Francois & Pollitt, Hector & Strunz, Sebastian, 2014. "EU climate and energy policy beyond 2020: Are additional targets and instruments for renewables economically reasonable?," UFZ Discussion Papers 3/2014, Helmholtz Centre for Environmental Research (UFZ), Division of Social Sciences (ÖKUS).
    2. Ekins, Paul & Pollitt, Hector & Summerton, Philip & Chewpreecha, Unnada, 2012. "Increasing carbon and material productivity through environmental tax reform," Energy Policy, Elsevier, vol. 42(C), pages 365-376.
    3. Kronenberg, Tobias, 2010. "Finding common ground between ecological economics and post-Keynesian economics," Ecological Economics, Elsevier, vol. 69(7), pages 1488-1494, May.
    4. Neil R. Ericsson & James G. MacKinnon, 2002. "Distributions of error correction tests for cointegration," Econometrics Journal, Royal Economic Society, vol. 5(2), pages 285-318, June.
    5. Abdul Qayyum, 2000. "Demand for Real Money Balances by the Business Sector: An Econometric Investigation," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 39(4), pages 857-873.
    6. Demetriades, Panicos O. & Hussein, Khaled A., 1996. "Does financial development cause economic growth? Time-series evidence from 16 countries," Journal of Development Economics, Elsevier, vol. 51(2), pages 387-411, December.
    7. Baffes, John & Gohou, Gaston, 2005. "The co-movement between cotton and polyester prices," Policy Research Working Paper Series 3534, The World Bank.
    8. Rashid, Shahidur, 2002. "Dynamics of agricultural wage and rice price in Bangladesh," MSSD discussion papers 44, International Food Policy Research Institute (IFPRI).
    9. Homma, Takashi & Akimoto, Keigo, 2013. "Analysis of Japan's energy and environment strategy after the Fukushima nuclear plant accident," Energy Policy, Elsevier, vol. 62(C), pages 1216-1225.
    10. Gunnar Bårdsen & Kjersti-Gro Lindquist & Dimitrios P. Tsomocos, 2012. "Evaluation of Macroeconomic Models for Financial Stability Analysis," Chapters, in: The Challenge of Financial Stability, chapter 3, pages 32-58, Edward Elgar Publishing.
    11. Mercure, J.-F. & Pollitt, H. & Chewpreecha, U. & Salas, P. & Foley, A.M. & Holden, P.B. & Edwards, N.R., 2014. "The dynamics of technology diffusion and the impacts of climate policy instruments in the decarbonisation of the global electricity sector," Energy Policy, Elsevier, vol. 73(C), pages 686-700.
    12. Ericsson, Neil R., 1992. "Cointegration, exogeneity, and policy analysis: An overview," Journal of Policy Modeling, Elsevier, vol. 14(3), pages 251-280, June.
    13. Edison, Hali J. & Pauls, B. Dianne, 1993. "A re-assessment of the relationship between real exchange rates and real interest rates: 1974-1990," Journal of Monetary Economics, Elsevier, vol. 31(2), pages 165-187, April.
    14. Sarno, Lucio & Thornton, Daniel L., 2003. "The dynamic relationship between the federal funds rate and the Treasury bill rate: An empirical investigation," Journal of Banking & Finance, Elsevier, vol. 27(6), pages 1079-1110, June.
    15. Mohammad Hashem Pesaran & Yongcheol Shin & Richard J Smith, 1999. "Bounds Testing Approaches to the Analysis of Long Run Relationships," Edinburgh School of Economics Discussion Paper Series 46, Edinburgh School of Economics, University of Edinburgh.
    16. Scrieciu, S. Şerban & Barker, Terry & Ackerman, Frank, 2013. "Pushing the boundaries of climate economics: critical issues to consider in climate policy analysis," Ecological Economics, Elsevier, vol. 85(C), pages 155-165.
    17. John Eakins & Liam Gallagher, 2003. "Dynamic almost ideal demand systems: an empirical analysis of alcohol expenditure in Ireland," Applied Economics, Taylor & Francis Journals, vol. 35(9), pages 1025-1036.
    18. Chiang, Thomas C., 1997. "Time series dynamics of short-term interest rates: evidence from Eurocurrency markets," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 7(3), pages 201-220, October.
    19. Roberto Martínez-Espiñeira, 2007. "An Estimation of Residential Water Demand Using Co-Integration and Error Correction Techniques," Journal of Applied Economics, Taylor & Francis Journals, vol. 10(1), pages 161-184, May.
    20. Jongwanich, Juthathip, 2009. "Equilibrium Real Exchange Rate, Misalignment, and Export Performance in Developing Asia," ADB Economics Working Paper Series 151, Asian Development Bank.

    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:67:y:2014:i:c:p:243-254. 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.