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Energy Efficiency Improvements in Asia: Macroeconomic Impacts

Author

Listed:
  • Deepak Sharma

    (University of Technology, Sydney)

  • Suwin Sandhu

    (Clean Energy Regulator)

  • Suchi Misra

Abstract

We examine various macroeconomic impacts of improving energy efficiency in the People’s Republic of China, India, Indonesia, Japan, the Republic of Korea, Malaysia, and Thailand from 2010 to 2050. Energy efficiency policies would have a positive impact on private consumption, government expenditures, and investment and would lead to a significant increase in trade within Asia while reducing trade outside. Adopting them would shift employment from energy and mining to manufacturing and services. There will be a significant decrease in energy intensity in all countries under the high growth scenario which implies that sustained growth depends on efficient energy use. Without measures to improve efficiency, emissions would increase significantly in most countries. In the People’s Republic of China, policies should emphasize reducing primary energy demand and emissions while minimizing the negative impacts on the economy. For India and Indonesia, policies should emphasize reducing primary energy demand and emissions while promoting economic growth. In Japan and Thailand, improvements in energy productivity could promote economic growth significantly and should be the policy focus. Best practice technologies in the Republic of Korea could significantly reduce primary energy requirements and emissions. They would also be most beneficial for Malaysia.

Suggested Citation

  • Deepak Sharma & Suwin Sandhu & Suchi Misra, 2014. "Energy Efficiency Improvements in Asia: Macroeconomic Impacts," ADB Economics Working Paper Series 406, Asian Development Bank.
    • Handle: RePEc:ris:adbewp:0406
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    References listed on IDEAS

    as
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    3. Joanne Evans & Lester C. Hunt (ed.), 2009. "International Handbook on the Economics of Energy," Books, Edward Elgar Publishing, number 12764.
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    5. Kenneth B. Medlock, 2009. "Energy Demand Theory," Chapters, in: Joanne Evans & Lester C. Hunt (ed.), International Handbook on the Economics of Energy, chapter 5, Edward Elgar Publishing.
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    Cited by:

    1. Sandu, Suwin & Yang, Muyi & Phoumin, Han & Aghdam, Reza Fathollahzadeh & Shi, Xunpeng, 2021. "Assessment of accessible, clean and efficient energy systems: A statistical analysis of composite energy performance indices," Applied Energy, Elsevier, vol. 304(C).
    2. Supasa, Tharinya & Hsiau, Shu-San & Lin, Shih-Mo & Wongsapai, Wongkot & Wu, Jiunn-Chi, 2016. "Has energy conservation been an effective policy for Thailand? An input–output structural decomposition analysis from 1995 to 2010," Energy Policy, Elsevier, vol. 98(C), pages 210-220.
    3. Minsoo Lee & Donghyun Park & Harry Saunders, 2014. "Asia’s Energy Adequacy, Environmental Sustainability, and Affordability: An Overview," ADB Economics Working Paper Series 398, Asian Development Bank.

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    Keywords

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    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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