Assessing Taiwan’s energy security under climate change

• Published in: Natural hazards (Dordrecht) Vol. 62; no. 1; pp. 3 - 15
• Main Authors: Lin, Shih-Mo, Feng, Jun-Chiang, Ko, Fu-Kuang
• Format: Journal Article
• Language: English
• Published: Dordrecht Springer Netherlands 01.05.2012; Springer Nature B.V
• Subjects: Carbon dioxide emissions; Civil Engineering; Climate change; Climate change mitigation; Earth and Environmental Science; Earth Sciences; Emissions control; Energy policy; Energy resources; Energy security; Environment; Environmental Management; Environmental policy; Geophysics/Geodesy; Geotechnical Engineering & Applied Earth Sciences; Global warming; Hydrogeology; Natural Hazards; Original Paper; Prices; Renewable energy technologies; Taiwan; Technology; Taiwan; Energy security; Climate change; CO; Computable general equilibrium
• ISSN: 0921-030X; 1573-0840
• DOI: 10.1007/s11069-011-0006-3

This paper intends to assess Taiwan’s energy security situation under current and future development of global environment. We construct a static computable general equilibrium model for Taiwan to fulfill our purpose. The model is benchmarked in 2006 and includes detailed specification of power generation technology and renewable energy producing sectors. It also distinguishes sources of imported energy to reflect Taiwan’s current policy of diversifying sources of supply for energy. Simulations using the model have been focused on both changes in energy price and quantity of energy supply under specific specifications of the development of renewable energy technologies and CO 2 emission reduction requirements. Our simulation results demonstrate that energy security and climate change mitigation interact each other, and under a specific emission reduction target, the effect of exogenous energy shocks on the economy will be partially absorbed by the internal adjustment mechanism of the economy.