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A Way from Renewable Energy Sources to Urban Sustainable Development: Empirical Evidences from Taichung City

Author

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  • Cheng-Yih Hong

    (Faculty of Finance, Chaoyang University of Technology, Taiwan,)

  • Yu-Shuang Yen

    (Department of Business Administration, Chaoyang University of Technology, Taiwan.)

Abstract

Taiwan pursues economic growth, but the environment also faces major threats. How to balance economic growth and environmental maintenance has become a priority for sustainable development. This study analyzes this issue from a regional perspective. Taichung City is a scaled-down version of Taiwan s economic development. This case study will help to think about how the economy and the environment can achieve a win-win situation in the future. This study analyzes the economic effects of investments in solar systems and then analyzes the differences in CO2 emissions between electricity consumption and electricity sources. As a source of electricity needed to provide economic activities in Taichung, solar power systems will avoid the large-scale CO2 emissions generated by economic growth and achieve a win-win goal of economic growth and environmental maintenance, which will help to achieve the possibility of sustainable urban development.

Suggested Citation

  • Cheng-Yih Hong & Yu-Shuang Yen, 2019. "A Way from Renewable Energy Sources to Urban Sustainable Development: Empirical Evidences from Taichung City," International Journal of Energy Economics and Policy, Econjournals, vol. 9(2), pages 83-88.
    • Handle: RePEc:eco:journ2:2019-02-10
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    References listed on IDEAS

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    Cited by:

    1. Cheng-Yih Hong & Hsiu-Ching Chang, 2019. "Comparing the Impact of Wind Power and Solar Power Investment on Industrial Development: Application of Dynamic Energy Industry-related Models," International Journal of Energy Economics and Policy, Econjournals, vol. 9(6), pages 38-44.
    2. Claudio Sassanelli & Tiziano Arriga & Stefano Zanin & Idiano D'Adamo & Sergio Terzi, 2022. "Industry 4.0 Driven Result-oriented PSS: An Assessment in the Energy Management," International Journal of Energy Economics and Policy, Econjournals, vol. 12(4), pages 186-203, July.
    3. Henrique Oliveira & Víctor Moutinho, 2021. "Renewable Energy, Economic Growth and Economic Development Nexus: A Bibliometric Analysis," Energies, MDPI, vol. 14(15), pages 1-28, July.

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    More about this item

    Keywords

    Solar power; Investment; Economic growth; CO 2 emissions; Sustainable urban development.;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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