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Deepen Understanding and Move Forward: Energy Market Integration in East Asia

Fukunari Kimura and Xunpeng Shi

in Books from Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract: It is widely believed that EMI in East Asia is beneficial for both developed and developing countries. However, such benefits are more often stated in qualitative ways than in quantitative ways. Since the benefits of EMI are not without questions, it is useful to do further quantitative studies to deepen our understanding on the impact of EMI. Moreover, even though EMI in the EAS region seems beneficial and promising, the way toward EMI will not be smooth and therefore the implementation of EMI should be carefully studied. To address these needs, ERIA continued an EMI study project for the second year. Part of this year's studies will further deepen our understanding about the impacts of EMI; while the other part explore ways to move the EMI forward, which echoes the instructions from the leaders and the energy ministers. Considering the debates of shifting away from nuclear energy as a consequent of the triple disasters in Japan, two studies are dedicated to estimate the impact of reducing nuclear energy in national energy mix with Japan as a case study.

Date: Written 2011-12 Originally published 2011-12.
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