IDEAS home Printed from https://ideas.repec.org/a/bla/asiapr/v16y2021i1p44-61.html
   My bibliography  Save this article

Energy‐Related Environmental Policy and Its Impacts on Energy Use in Asia

Author

Listed:
  • Toshi H. Arimura
  • Makoto Sugino

Abstract

Economic growth in Asia has increased in the past three decades and has heightened energy demand, resulting in rising greenhouse gas emissions and severe air pollution. To tackle these issues, fuel switching and the deployment of renewables are essential. In the present paper, we discuss the environmental regulations, mainly carbon pricing, implemented in Asia and discuss their achievements. Empirical studies using microdata have shown that carbon pricing in Asia can reduce carbon emissions by promoting energy efficiency. At the macro level, we observe some evidence of fuel switching from coal to natural gas among major emitters. However, more carbon pricing is necessary in Asia if we aim for the decarbonization of the economy.

Suggested Citation

  • Toshi H. Arimura & Makoto Sugino, 2021. "Energy‐Related Environmental Policy and Its Impacts on Energy Use in Asia," Asian Economic Policy Review, Japan Center for Economic Research, vol. 16(1), pages 44-61, January.
    • Handle: RePEc:bla:asiapr:v:16:y:2021:i:1:p:44-61
    DOI: 10.1111/aepr.12319
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/aepr.12319
    Download Restriction: no
    File URL: https://libkey.io/10.1111/aepr.12319?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
    ---><---

    References listed on IDEAS

    as
    1. Munnings, Clayton & Morgenstern, Richard D. & Wang, Zhongmin & Liu, Xu, 2016. "Assessing the design of three carbon trading pilot programs in China," Energy Policy, Elsevier, vol. 96(C), pages 688-699.
    2. Nilanjan Ghosh & Pranab Mukhopadhyay & Amita Shah & Manoj Panda (ed.), 2016. "Nature, Economy and Society," Springer Books, Springer, number 978-81-322-2404-4, March.
    3. Zhe Deng & Dongya Li & Tao Pang & Maosheng Duan, 2018. "Effectiveness of pilot carbon emissions trading systems in China," Climate Policy, Taylor & Francis Journals, vol. 18(8), pages 992-1011, September.
    4. Kumar, Rajesh & Agarwala, Arun, 2013. "Renewable Energy Certificate and Perform, Achieve, Trade mechanisms to enhance the energy security for India," Energy Policy, Elsevier, vol. 55(C), pages 669-676.
    5. Lawrence H. Goulder & Richard D. Morgenstern & Clayton Munnings & Jeremy Schreifels, 2017. "Chinas National Carbon Dioxide Emission Trading System: An Introduction," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
    6. Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB) & Asian Development Bank (ADB), 2016. "Emissions Trading Schemes and Their Linking: Challenges and Opportunities in Asia and the Pacific," ADB Reports RPT167931-2, Asian Development Bank (ADB).
    7. A. Denny Ellerman & Claudio Marcantonini & Aleksandar Zaklan, 2016. "The European Union Emissions Trading System: Ten Years and Counting," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 10(1), pages 89-107.
    8. Yang, Lin & Li, Fengyu & Zhang, Xian, 2016. "Chinese companies’ awareness and perceptions of the Emissions Trading Scheme (ETS): Evidence from a national survey in China," Energy Policy, Elsevier, vol. 98(C), pages 254-265.
    9. Shiro Takeda & Horie Tetsuya & Toshi H. Arimura, 2012. "A Computable General Equilibrium Analysis Of Border Adjustments Under The Cap-And-Trade System: A Case Study Of The Japanese Economy," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 3(01), pages 1-30.
    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. Toshi H. Arimura & Maosheng Duan & Hyungna Oh, 2021. "EEPS special issue on “Carbon Pricing in East Asia”," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 23(3), pages 495-500, July.
    2. Takatoshi Ito & Kazumasa Iwata & Colin McKenzie & Shujiro Urata, 2021. "Energy and the Environment: Editors' Overview," Asian Economic Policy Review, Japan Center for Economic Research, vol. 16(1), pages 1-21, January.
    3. Miwa Nakai & Majah-Leah V. Ravago & Yoichi Miyaoka & Kiyoshi Saito & Toshi. H Arimura, 2022. "Consumers' Preferences for Energy-Efficient Air Conditioners in a Developing Country: A Discrete Choice Experiment Using Eco Labels," Working Papers e166, Tokyo Center for Economic Research.
    4. Nobuo Tanaka, 2021. "Comment on “Energy‐Related Environmental Policy and Its Impacts on Energy Use in Asia”," Asian Economic Policy Review, Japan Center for Economic Research, vol. 16(1), pages 62-64, January.
    5. Hidemichi Fujii, 2021. "Comment on “Transition of the Chinese Economy in the Face of Deep Greenhouse Gas Emissions Cuts in the Future”," Asian Economic Policy Review, Japan Center for Economic Research, vol. 16(1), pages 163-164, January.

    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. Fu, Yang & Zheng, Zeyu, 2020. "Volatility modeling and the asymmetric effect for China’s carbon trading pilot market," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 542(C).
    2. Wang, Banban & Pizer, William A. & Munnings, Clayton, 2022. "Price limits in a tradable performance standard," Journal of Environmental Economics and Management, Elsevier, vol. 116(C).
    3. Hu, Yucai & Ren, Shenggang & Wang, Yangjie & Chen, Xiaohong, 2020. "Can carbon emission trading scheme achieve energy conservation and emission reduction? Evidence from the industrial sector in China," Energy Economics, Elsevier, vol. 85(C).
    4. Springer, Cecilia & Evans, Sam & Lin, Jiang & Roland-Holst, David, 2019. "Low carbon growth in China: The role of emissions trading in a transitioning economy," Applied Energy, Elsevier, vol. 235(C), pages 1118-1125.
    5. Zhou, Kaile & Li, Yiwen, 2019. "Influencing factors and fluctuation characteristics of China’s carbon emission trading price," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 524(C), pages 459-474.
    6. Li, Wei & Lu, Can & Ding, Yi & Zhang, Yan-Wu, 2017. "The impacts of policy mix for resolving overcapacity in heavy chemical industry and operating national carbon emission trading market in China," Applied Energy, Elsevier, vol. 204(C), pages 509-524.
    7. He, Ling-Yun & Chen, Kun-Xian, 2023. "Does China's regional emission trading scheme lead to carbon leakage? Evidence from conglomerates," Energy Policy, Elsevier, vol. 175(C).
    8. Jessica F. Green, 2021. "Beyond Carbon Pricing: Tax Reform is Climate Policy," Global Policy, London School of Economics and Political Science, vol. 12(3), pages 372-379, May.
    9. Fang Zhang & Hong Fang & Xu Wang, 2018. "Impact of Carbon Prices on Corporate Value: The Case of China’s Thermal Listed Enterprises," Sustainability, MDPI, vol. 10(9), pages 1-14, September.
    10. Fang, Guochang & Tian, Lixin & Liu, Menghe & Fu, Min & Sun, Mei, 2018. "How to optimize the development of carbon trading in China—Enlightenment from evolution rules of the EU carbon price," Applied Energy, Elsevier, vol. 211(C), pages 1039-1049.
    11. Axel Ockenfels, 2022. "Marktdesign für die Gasmangellage [Market Design for a Gas Shortage]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 102(11), pages 855-857, November.
    12. Haoran Zhang & Rongxia Zhang & Guomin Li & Wei Li & Yongrok Choi, 2020. "Has China’s Emission Trading System Achieved the Development of a Low-Carbon Economy in High-Emission Industrial Subsectors?," Sustainability, MDPI, vol. 12(13), pages 1-20, July.
    13. Quemin, Simon & Trotignon, Raphaël, 2021. "Emissions trading with rolling horizons," Journal of Economic Dynamics and Control, Elsevier, vol. 125(C).
    14. Cristian Mardones, 2021. "Analysis on complementarity between a CO2 tax and an emissions trading system to reduce industrial emissions in Chile," Energy & Environment, , vol. 32(5), pages 820-833, August.
    15. David M. Newbery & David M. Reiner & Robert A. Ritz, 2019. "The Political Economy of a Carbon Price Floor for Power Generation," The Energy Journal, , vol. 40(1), pages 1-24, January.
    16. Thapa, Samir & Morrison, Mark & Parton, Kevin A, 2021. "Willingness to pay for domestic biogas plants and distributing carbon revenues to influence their purchase: A case study in Nepal," Energy Policy, Elsevier, vol. 158(C).
    17. Stephan Schulmeister, 2020. "Fixing long-term price paths for fossil energy: the optimal incentive for limiting global warming," ICAE Working Papers 112, Johannes Kepler University, Institute for Comprehensive Analysis of the Economy.
    18. Koo, Junmo & Han, Gwon Deok & Choi, Hyung Jong & Shim, Joon Hyung, 2015. "Wind-speed prediction and analysis based on geological and distance variables using an artificial neural network: A case study in South Korea," Energy, Elsevier, vol. 93(P2), pages 1296-1302.
    19. Wang, Feng & Liu, Xiying & Nguyen, Tue Anh, 2018. "Evaluating the economic impacts and feasibility of China's energy cap: Based on an Analytic General Equilibrium Model," Economic Modelling, Elsevier, vol. 69(C), pages 114-126.
    20. Darmani, Anna & Rickne, Annika & Hidalgo, Antonio & Arvidsson, Niklas, 2016. "When outcomes are the reflection of the analysis criteria: A review of the tradable green certificate assessments," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 372-381.

    More about this item

    Statistics

    Access and download statistics

    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:bla:asiapr:v:16:y:2021:i:1:p:44-61. 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: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/jcerrjp.html .

    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.