Nationally Appropriate Mitigation Actions (NAMAs) was formed part of the Copenhagen Accord issued following the United Nations Climate Change Conference in Copenhagen (COP 15) in December 2009. To make specific contributions in combating global warming jointly with the international community on the post-Kyoto period based on the ‘common but differentiated responsibility’ reduction principle of the convention in following the NAMAs, Taiwan’s Environmental Protection Administration (EPA) proposed the national carbon dioxide emission returns to the 2005 level by 2020, and to the 2000 level by 2025. Following this guideline, The Bureau of Energy of Taiwan has announced the promotion targets of renewable electricity production in 2015, 2020, 2025 and 2030.
The Economy-Energy-Environment (Triple-E) Model of Taiwan Institute of Economic Research (TIER), derived from the ORANI-G model, is a multi-sectoral, single region, and computable general equilibrium (CGE) model with four main features: (1) the ‘Technology bundle’ approach for the electricity Industry; (2) the multi-product oil refinery industry; (3) CO2 emission accounting and (4) the consideration of new energies. In this study, we use Triple-E to simulate the economic, environmental and energy impacts of the structural changes in electricity generation under the promotion targets of renewable electricity production.
The simulation results show that implementing the renewable electricity production scheme will reduce CO2 emission by approximately 5.82 and 6.63 million tons by 2020 and 2025, respectively. Energy density will drop by 1.38% in 2020 and 1.62% in 2025. The share of electricity from renewable energy grows to 3.84% in 2020 and to 4.82% in 2025. With the ‘Green Energy Industry Sunrise Project’ of MOEA implemented, the estimated output value of green energy industries in 2020 will expand to NT$2,133 billion and to NT$2,981 billion in 2025.
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