Electricity demand in Asia and the effects on energy supply and the investment environment

Masayasu Ishguro and Takamasa Akiyama

No 1557, Policy Research Working Paper Series from The World Bank

Abstract: Demand for energy (including electricity) has been increasing more rapidly in developing Asian economies than anywhere else in the world and is expected to continue growing. To meet rising demand, these countries must address such issues as how to meet the resulting enormous capital requirements and how to prevent environmental deterioration. To calculate what those capital requirements may be, and to estimate potential environmental damage, the authors built econometric energy demand models for seven economies: China, Indonesia, Malaysia, the Philippines, Republic of Korea, Taiwan (China), and Thailand. They estimate that electricity demand will increase an average 8.1 percent a year between 1993 and 2010. To finance power development projects, many governments are encouraging"build, operate, and own"or"build, operate, transfer"schemes, but there is a limit to the use of these schemes, which require foreign capital and thus reimbursements in hard currency. Because the seven governments must mobilize substantial domestic resources to finance capital requirements, it is essential that these countries develop or strengthen development of domestic bond and stock markets. To control emissions of pollutants will cost an estimated US$165 billion in 1994-2010.

Keywords: Environmental Economics&Policies; Montreal Protocol; Energy Technology&Transmission; Engineering; Economic Theory&Research; Energy and Environment; Energy Demand; Environmental Economics&Policies; Electric Power; Economic Theory&Research (search for similar items in EconPapers)
Date: 1995-12-31
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www-wds.worldbank.org/external/default/WDSC ... d/PDF/multi0page.pdf (application/pdf)

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:wbk:wbrwps:1557

Access Statistics for this paper

More papers in Policy Research Working Paper Series from The World Bank 1818 H Street, N.W., Washington, DC 20433. Contact information at EDIRC.
Bibliographic data for series maintained by Roula I. Yazigi ().