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

Chun-Chiang Feng, Kuei-Feng Chang, Jin-Xu Lin, Tsung-Chen Lee and Shih-Mo Lin

Energy Policy, 2022, vol. 165, issue C

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.

Keywords: Paris agreement; COVID-19 pandemic; Green transition; Renewable energy; Asymmetric industrial growth; Computable general equilibrium (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S030142152200221X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:165:y:2022:i:c:s030142152200221x

DOI: 10.1016/j.enpol.2022.112996

Access Statistics for this article

Energy Policy is currently edited by N. France

More articles in Energy Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().