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Energy Conservation versus Supply Strategies: Implications for Industrial Policy

Bernard Bourgeois, Patrick Criqui, and Jacques Percebois

Year: 1988
Volume: Volume 9
Number: Number 3
DOI: 10.5547/ISSN0195-6574-EJ-Vol9-No3-4
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Abstract:
Many strategies were developed by energy-importing countries to cope with oil shocks. Some mainly adapted to the new constraints of the energy environment and tried to make up for a relative disadvantage in the energy field by obtaining a relative advantage in industry or trade. The main effect of these adaptation strategies has been to offset growing energy deficits with steadily increasing industrial surpluses. On the other hand, other strategies were adopted which aimed above all at restructuring the domestic energy system through a voluntaristic policy of promoting domestic energy supply. In these cases, investment in the energy sector was given a high priority, sometimes at the expense of other industrial sectors.



Developing Countries' Greenhouse Emmissions: Uncertainty and Implications for Participation in the Kyoto Protocol

Randall Lutter

Year: 2000
Volume: Volume21
Number: Number 4
DOI: 10.5547/ISSN0195-6574-EJ-Vol21-No4-4
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Abstract:
Developing countries can participate in the Kyoto Protocol to limit greenhouse gas emissions by adopting national emissions limits. Such limits could offer economic gains to developing countries, cost savings to industrialized countries, and environmental benefits. They could also address concerns of the U. S. Senate. On the other hand, uncertainty about greenhouse gas emissions in developing countries is so great that emissions limits may impose substantial costs if they turn out to be unexpectedly stringent. To manage risks arising from emissions limits, developing countries should index any emissions limits to variables that predict emissions in the absence of limits. This paper presents such an index-similar to one recently adopted by Argentina-and develops estimates showing that it could lower the risk of economic losses to developing countries from about 40 percent to about 35 percent.



Why Has China Overinvested in Coal Power?

Mengjia Ren, Lee G. Branstetter, Brian K. Kovak, Daniel Erian Armanios, and Jiahai Yuan

Year: 2021
Volume: Volume 42
Number: Number 2
DOI: 10.5547/01956574.42.2.mren
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Abstract:
In spite of ambitious investments by the Chinese government in renewable energy sources, the country�s investment in coal power accelerated in recent years, raising concerns of massive overcapacity and undermining the central policy goal of promoting cleaner energy. In this paper, we ask why this happened, focusing on policies that incentivized excessive entry in the coal power sector and using a simple economic model to illustrate the policies� effects. Using coal-power project approval records from 2013 to 2016, we find the approval rate of coal power was about 3 times higher after approval authority was decentralized, with larger effects in regions producing more coal. We estimate that local coal production accounts for an additional 54GW of approved coal power in 2015 (other things equal), which is about 1/4 of total approved capacity in that year.





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