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Modeling Energy Demand and Socioeconomic Development Of Taiwan

Taiwan lacks a natural energy endowment. Its energy demands have dramatically increased with the growth of the economy and standard of living during the past two decades. Based on the new socioeconomic developmentpolicy for the next two decades, the government of Taiwan has devoted special attention and effort to improving various social and environmental problems affecting the country's overall quality of life. The increasing rate of household energy demand will slow down as the market for electrical appliances reaches a saturation point and as the energy efficiency of appliances is improved. Transportation policies call for energy conservation during the next two decades by raising energy use efficiency. The industrial sector has also implemented energy conservation measures by raising energy efficiency and by diagnosing and improving energy-use.

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Energy Specializations: Energy Modeling – Energy Data, Modeling, and Policy Analysis; Energy Modeling – Sectoral Energy Demand & Technology

JEL Codes: Q41: Energy: Demand and Supply; Prices, Q40: Energy: General

Keywords: Energy demand modeling, Taiwan, Economic policy

DOI: 10.5547/ISSN0195-6574-EJ-Vol10-No2-9

Published in Volume 10, Number 2 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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