Economic Impact of the Energy Transition: Energy-Environment-Economy Models explores and analyzes the complex nature of energy transition, the inter-relationships between energy, environment, and economy, and the use of 3E models to assess economic impact, including a new energy-environment-economy model introduced by the book's editors. The book begins by introducing energy transition and economic impacts, explaining classical macro-econometric models, input-output and CGE models, and macroeconomic models. The second part of the book focuses on energy-environment-economy (3E) models developed globally, with in-depth chapters examining GEC, E3ME, NEMS-MAM, and finally the new System of Three E-Models (STEM).
The last section of the book provides case studies demonstrating the utilization of different 3E models in various parts of the world. A final chapter carefully examines the advantages and limitations of each model, its policy implications, and considerations for empirical analysis, discusses how these can be applied, addresses the remaining challenges in the field of energy transition and economic impact analysis, and suggests directions for future research. This is a valuable resource for researchers, advanced students, faculty, scientists, engineers, analysts, policy makers, consultants, and other industry professionals with an interest in energy transition, modeling, policy, and the interconnection between energy, environment, and economy.
1. Chapter 1. Introduction to the impact of energy transition - p. 3 2. Chapter 2. Macro time series modeling - p. 15 3. 1 Introduction - p. 15 4. 2 Univariate time series - p. 16 5. 3 Multivariate time series - p. 31 6. 4 Vector autoregression - p. 41 7. 4.1 Maximum likelihood estimation - p. 41 8. 4.2 Granger causality - p. 45 9. 4.3 Dynamic analysis with multivariate time series - p. 48 10. 4.3.1 Impulse response - p. 48 11. 4.3.2 Variance decomposition - p. 54 12. 4.4 Empirical analysis - p. 55 13. 5 Cointegration - p. 57 14. 6 Conclusion - p. 71 15. Chapter 3. Input–output and CGE models - p. 75 16. Chapter 4. Macroeconomic models: Growth and business cycles - p. 109 17. 1 Introduction - p. 109 18. 2 Growth and business cycles - p. 110 19. 3 Toward climate change: environmental macroeconomics - p. 122 20. 4 Concluding remarks - p. 134 21. Section 2. Energy transition and energy—environment—economy models - p. S2 22. Chapter 5. Energy–environment–economy models: fundamentals - p. 139 23. Chapter 6. Energy–environment–economy models: Case studies - p. 157 24. Chapter 7. System of three E models (STEM) - p. 177 25. Section 3. Assessing the economic impact of the energy transition: empirical studies and policy issues - p. S3 26. Chapter 8. Macroeconomic impact of carbon neutrality through carbon market linkage between Korea, China, and Japan - p. 213 27. Chapter 9. Dynamic stochastic general equilibrium: Comparing renewable energy policies in the EU, the United States, China, and Korea - p. 255 28. Chapter 10. Economic impacts and employment effects of energy transition policies: Power mix case studies - p. 275 29. 1 Introduction - p. 275 30. 2 Literature review - p. 277 31. 3 Analysis of the economic effects of energy transition using input–output analysis - p. 282 32. 4 Analysis of the economic effects of energy transition using DSGE models - p. 307 33. 5 Summary and conclusions - p. 325 34. Appendix A - p. 326 35. Appendix B - p. 327 36. Chapter 11. Economic impacts of Carbon Capture, Utilization, and Storage (CCUS): An input–output model case study - p. 335 37. Chapter 12. Evaluating the economic impact of clean energy transition options in industry: a Lithuanian case study - p. 355 38. Chapter 13. Comparison of net zero scenarios and its economic impact: Energy efficiency improvement and electrification of end use - p. 381 39. Chapter 14. Conclusion - p. 417 40. Index - p. 435
Economic Impact of the Energy Transition: Energy-Environment-Economy Models explores and analyzes the complex nature of energy transition, the inter-relationships between energy, environment, and economy, and the use of 3E models to assess economic impact, including a new energy-environment-economy model introduced by the book's editors. The book begins by introducing energy transition and economic impacts, explaining classical macro-econometric models, input-output and CGE models, and macroeconomic models. The second part of the book focuses on energy-environment-economy (3E) models developed globally, with in-depth chapters examining GEC, E3ME, NEMS-MAM, and finally the new System of Three E-Models (STEM).
The last section of the book provides case studies demonstrating the utilization of different 3E models in various parts of the world. A final chapter carefully examines the advantages and limitations of each model, its policy implications, and considerations for empirical analysis, discusses how these can be applied, addresses the remaining challenges in the field of energy transition and economic impact analysis, and suggests directions for future research. This is a valuable resource for researchers, advanced students, faculty, scientists, engineers, analysts, policy makers, consultants, and other industry professionals with an interest in energy transition, modeling, policy, and the interconnection between energy, environment, and economy.
1. Chapter 1. Introduction to the impact of energy transition - p. 3 2. Chapter 2. Macro time series modeling - p. 15 3. 1 Introduction - p. 15 4. 2 Univariate time series - p. 16 5. 3 Multivariate time series - p. 31 6. 4 Vector autoregression - p. 41 7. 4.1 Maximum likelihood estimation - p. 41 8. 4.2 Granger causality - p. 45 9. 4.3 Dynamic analysis with multivariate time series - p. 48 10. 4.3.1 Impulse response - p. 48 11. 4.3.2 Variance decomposition - p. 54 12. 4.4 Empirical analysis - p. 55 13. 5 Cointegration - p. 57 14. 6 Conclusion - p. 71 15. Chapter 3. Input–output and CGE models - p. 75 16. Chapter 4. Macroeconomic models: Growth and business cycles - p. 109 17. 1 Introduction - p. 109 18. 2 Growth and business cycles - p. 110 19. 3 Toward climate change: environmental macroeconomics - p. 122 20. 4 Concluding remarks - p. 134 21. Section 2. Energy transition and energy—environment—economy models - p. S2 22. Chapter 5. Energy–environment–economy models: fundamentals - p. 139 23. Chapter 6. Energy–environment–economy models: Case studies - p. 157 24. Chapter 7. System of three E models (STEM) - p. 177 25. Section 3. Assessing the economic impact of the energy transition: empirical studies and policy issues - p. S3 26. Chapter 8. Macroeconomic impact of carbon neutrality through carbon market linkage between Korea, China, and Japan - p. 213 27. Chapter 9. Dynamic stochastic general equilibrium: Comparing renewable energy policies in the EU, the United States, China, and Korea - p. 255 28. Chapter 10. Economic impacts and employment effects of energy transition policies: Power mix case studies - p. 275 29. 1 Introduction - p. 275 30. 2 Literature review - p. 277 31. 3 Analysis of the economic effects of energy transition using input–output analysis - p. 282 32. 4 Analysis of the economic effects of energy transition using DSGE models - p. 307 33. 5 Summary and conclusions - p. 325 34. Appendix A - p. 326 35. Appendix B - p. 327 36. Chapter 11. Economic impacts of Carbon Capture, Utilization, and Storage (CCUS): An input–output model case study - p. 335 37. Chapter 12. Evaluating the economic impact of clean energy transition options in industry: a Lithuanian case study - p. 355 38. Chapter 13. Comparison of net zero scenarios and its economic impact: Energy efficiency improvement and electrification of end use - p. 381 39. Chapter 14. Conclusion - p. 417 40. Index - p. 435
