Regrets or No Regrets-That is the Question: Is Conservation a Costless C02 Mitigation Strategy?

Rose, Adam; Lin, Shih-Mo

doi:10.5547/issn0195-6574-ej-vol16-no3-3

Cited by 18 publications

(12 citation statements)

References 24 publications

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“…under CDM or in the absence of CDM) and the scale of the DSM program. Although the existing literature, such as Dufournaud et al (1994) and Rose and Lin (1995), argue that a DSM program would lead to negative welfare implications, our study finds that not all DSM programs are regressive in Thailand. The DSM options with sound project economics (e.g.…”

Section: Discussioncontrasting

confidence: 71%

A general equilibrium analysis of potential demand side management programs in the household sector in Thailand

Timilsina

Shrestha²

2008

International Journal of Energy Sector Management

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A general equilibrium analysis of potential demand side management programs in the household sector in Thailand Govinda R. Timilsina Ram M. Shrestha Article information:To cite this document: Govinda R. Timilsina Ram M. Shrestha, (2008),"A general equilibrium analysis of potential demand side management programs in the household sector in Abstract Purpose -The purpose of this paper is to examine potential demand side management (DSM) programs in terms of their impacts to the overall economy in Thailand. Design/methodology/approach -A multi-sector computable general equilibrium (CGE) model of Thailand has been developed to accomplish the objectives of this study. The potential DSM program considered refers to replacement of less efficient electrical appliances with their efficient counterparts in the household sector in Thailand. Findings -The study finds that the economy-wide impacts of the DSM program (e.g., economic welfare, GDP, international trade) depend on three key factors: the project economics of the DSM option or the ratio of unit cost of electricity savings to price of electricity (CPR); the implementation strategy of the DSM option; and scale or size of the DSM option. This paper shows that the welfare impacts of the DSM programs would improve along with the project economics of the DSM programs. If the DSM program is implemented under the CDM, the welfare impacts would increase along with the price for certified emission reductions units. On the other hand, the welfare impacts would increase up to the optimal size or scale of the program, but would start to deteriorate if the size is increased further.Research limitations/implications -The welfare function considered in this paper does not account for benefits of local air pollution reductions. The study provides crucial insights on designing DSM projects in Thailand to ensure that DSM programs are beneficial for the economy as a whole. Originality/value -Analyses of DSM options under the CDM using CGE models are not available in the literature. This is the first paper in this area.

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Section: Discussioncontrasting

confidence: 71%

A general equilibrium analysis of potential demand side management programs in the household sector in Thailand

Timilsina

Shrestha²

2008

International Journal of Energy Sector Management

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“…The pure conservation case led to indirect effects of 9.8 percent, while the pure substitution case led to indirect effects of only 4.7 percent. The reason for the greater negative indirect effects for conservation stem from the reduced demand for direct and indirect inputs, which more than offset the efficiency improvement (see also Rose and Lin, 1995). Note that the case presented in Table 2 has indirect effects halfway between the results of the pure case simulations (not shown), but other features of the results reflect the nonlinearity of the CGE model.…”

Section: Water Disruption Simulation Resultsmentioning

confidence: 94%

Section: Introductionmentioning

confidence: 99%

“…On the other hand, substitution of other inputs for electricity has a cost-increasing effect, but stimulates upstream demands for a different set of inputs. Thus, the two sets of responses will have different general equilibrium outcomes (see, e.g., Rose and Lin, 1995). devastating effects that a disaster can have. These ''lifelines'' are highly vulnerable to natural hazards, increasingly vulnerable to technological accidents (as in the recent worth Eastern U.S. electricity blackout), and are a potential target for terrorist attacks.…”

Section: Introductionmentioning

confidence: 99%

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Modeling Regional Economic Resilience to Disasters: A Computable General Equilibrium Analysis of Water Service Disruptions*

2005

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Recent natural and manmade disasters have had significant regional economic impacts. These effects have been muted, however, by the resilience of individual businesses and of regional markets, which refers to the inherent ability and adaptive responses that enable firms and regions to avoid potential losses. Computable general equilibrium (CGE) analysis is a promising approach to disaster impact analysis because it is able to model the behavioral response to input shortages and changing market conditions. However, without further refinement, CGE models, as well as nearly all other economic models, reflect only ''business-as-usual'' conditions, when they are based on historical data. This paper advances the CGE analysis of major supply disruptions of critical inputs by: specifying operational definitions of individual business and regional macroeconomic resilience, linking production function parameters to various types of producer adaptations in emergencies, developing algorithms for recalibrating production functions to empirical or simulation data, and decomposing partial and general equilibrium responses. We illustrate some of these contributions in a case study of the sectoral and regional economic impacts of a disruption to the Portland Metropolitan Water System in the aftermath of a major earthquake. 75

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“…The implementation of hydropower projects under the CDM does not imply that the entire hydropower projects are financed by Annex I countries. It is only the Sources: Bo¨hringer and Rutherford (1997), Jemio and Jansen (1993), Rose and Lin (1995), Welsch (1998) and Zhang (1997). 4 A similar approach has been used in a number of existing general equilibrium models (e.g., Jorgenson and Wilcoxen, 1993;Bo¨hringer and Rutherford, 1997;Shoven and Whalley, 1992;Ballard et al, 1985).…”

Section: Modeling Of the Cdm Optionmentioning

confidence: 98%

General equilibrium effects of a supply side GHG mitigation option under the Clean Development Mechanism

Timilsina

Shrestha

2006

Journal of Environmental Management

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Regrets or No Regrets-That is the Question: Is Conservation a Costless C02 Mitigation Strategy?

Cited by 18 publications

References 24 publications

A general equilibrium analysis of potential demand side management programs in the household sector in Thailand

A general equilibrium analysis of potential demand side management programs in the household sector in Thailand

Modeling Regional Economic Resilience to Disasters: A Computable General Equilibrium Analysis of Water Service Disruptions*

General equilibrium effects of a supply side GHG mitigation option under the Clean Development Mechanism

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