An economic assessment of carbon tax reform to meet Japan’s NDC target under different nuclear assumptions using the E3ME model

Lee, Soocheol; Chewpreecha, Unnada; Kojima, Satoshi

doi:10.1007/s10018-017-0199-0

Cited by 15 publications

(4 citation statements)

References 7 publications

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“…The economy module provides the economic activity and price levels to the energy module; the energy module then feeds back with the demands and prices changes of energy consumption, which will determine emissions levels and also affect the economy. Thus, the E3ME model can be widely used in carbon price and environmental tax analysis(Barker et al 2007;Pollitt et al 2015;Lee et al 2017). The model manual is available at the model website www.e3me.com and there is a full set of equations in.A "bottom-up" electricity model is combined with E3ME called Future Technology Transformations (FTT) and is used to analyse energy and climate change policy through the electricity sector(Mercure et al 2014;Pollitt et al 2014;.…”

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confidence: 99%

The impacts of the trade liberalization of environmental goods on power system and CO2 emissions

Pirie

Mercure

et al. 2020

Energy Policy

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The trade liberalization of Environmental Goods (EG), through as Environmental Goods Agreement (EGA), is crucial in low carbon electricity technology diffusion. However, there is a big gap of the EG definition lists and the integrated effectiveness analysis of EGA. This paper analyses the effects of the trade liberalization of EG based on macroeconomic and electricity sector models and attempts to find a more efficient EG trade policy by comparing different EG lists, considering end-use control and combining the EG policy with a carbon 2 tax. The results show that the trade liberalization of EG does not necessarily benefit the environment without other policies, as the effects of the multiple end-uses of EG on conventional energy might result in environmental damage. We find that merging an EGA into a global carbon tax system would enhance the effects of carbon tax on CO2 reduction by 33%, and simultaneously lower the GDP loss due to the carbon tax by 75%. The economic benefits from the EGA could offset the costs of other environmental policies. Thus, end-use control and other environmental policies should be considered at both the global and regional levels in the setting of international trade agreements that target EG.

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confidence: 99%

The impacts of the trade liberalization of environmental goods on power system and CO2 emissions

Pirie

Mercure

et al. 2020

Energy Policy

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“…For example, the EU's report [2], which underpins the EU's 2050 GHG policy of zero emissions, draws extensively on the simulation outcomes from the E3ME model. Additionally, the model has been previously used to produce many low-carbon analyses in Japan (Lee et al [7]) and East Asia contexts (Lee et al [8]).…”

Section: E3me Model Overviewmentioning

confidence: 99%

Impact of Carbon Neutrality on the Economy and Industry Assuming Japan’s Achievement of 2030 Power Mix Plan: A 2050 Perspective Based on the E3ME Macro-Econometric Model

Kato,

Lee,

et al. 2023

Energies

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Japan faces the challenge of reducing its greenhouse gas emissions while maintaining economic growth and energy security. This study aims to analyze the potential impact on Japan’s economy and industries if the country achieves its 2030 greenhouse gas reduction target, implements a power mix plan to meet that target, and simultaneously pursues the Growth Strategy Council’s proposal for a power mix plan to achieve carbon neutrality by 2050. The study also investigates an alternative carbon neutrality pathway without nuclear power. The research question is whether these low-carbon policies can lead to both economic growth and decarbonization in Japan. To address this question, the study uses the E3ME-FTT macroeconomic model with endogenous technology diffusion to simulate different policy scenarios and assess their economic and environmental impacts. The results indicate that by 2050, Japan could meet its carbon neutrality target, and at the same time, the GDP could increase by approximately 3% compared with the baseline scenario, with or without nuclear power. This growth is expected to occur in several sectors due to increased demand for decarbonization-related investments and strong private consumption. Additionally, the overall economy is expected to benefit from the increased demand for low-carbon and decarbonization-related investments, reduced costs associated with renewable energy generation, and an improved trade balance resulting from a significant decrease in fossil fuel imports.

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“…The E3ME model has a strong empirical grounding, with a historical database that covers the period 1970-2014. The E3ME model uses a system of error correction which allows short-term dynamic outcomes, moving towards a long-term trend [26]. Energy demand is a function of economic activity rates, relative prices, and technology.…”

Section: Linkage Between Ftt: Transport and E3mementioning

confidence: 99%

Policies and Predictions for a Low-Carbon Transition by 2050 in Passenger Vehicles in East Asia: Based on an Analysis Using the E3ME-FTT Model

et al. 2018

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In this paper we apply a model of technological diffusion, Future Technology Transformations in the Transport Sector (FTT: Transport), linked to the E3ME macroeconomic model, to study possible future technological transitions in personal passenger transport in four East Asian countries. We assess how targeted policies could impact on these transitions by defining four scenarios based on policies that aim to reduce emissions from transport. For each country we find that an integrated approach of tax incentives, subsidies, regulations (fuel economy efficiency), kick-start programs and biofuel programs yield the most significant emission reductions because, when combined, they accelerate effectively the diffusion of electric vehicles in the region.

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An economic assessment of carbon tax reform to meet Japan’s NDC target under different nuclear assumptions using the E3ME model

Cited by 15 publications

References 7 publications

The impacts of the trade liberalization of environmental goods on power system and CO2 emissions

The impacts of the trade liberalization of environmental goods on power system and CO2 emissions

Impact of Carbon Neutrality on the Economy and Industry Assuming Japan’s Achievement of 2030 Power Mix Plan: A 2050 Perspective Based on the E3ME Macro-Econometric Model

Policies and Predictions for a Low-Carbon Transition by 2050 in Passenger Vehicles in East Asia: Based on an Analysis Using the E3ME-FTT Model

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