Green growth strategy: The economywide impact of promoting renewable power generation in the Philippines
This study assesses the economywide impact of promoting renewable power generation by targeting a 50 percent share of renewables in energy production by 2040. Using a novel approach by linking a bottom-up energy model with a top-down economywide model, we found that increasing the share of renewable...
| Autores principales: | , , , , |
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
| Publicado: |
International Food Policy Research Institute
2019
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/101503 |
| _version_ | 1855541097622667264 |
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| author | Pradesha, Angga Robinson, Sherman Mondal, Md. Hossain Alam Valmonte-Santos, Rowena Rosegrant, Mark W. |
| author_browse | Mondal, Md. Hossain Alam Pradesha, Angga Robinson, Sherman Rosegrant, Mark W. Valmonte-Santos, Rowena |
| author_facet | Pradesha, Angga Robinson, Sherman Mondal, Md. Hossain Alam Valmonte-Santos, Rowena Rosegrant, Mark W. |
| author_sort | Pradesha, Angga |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This study assesses the economywide impact of promoting renewable power generation by targeting a 50 percent share of renewables in energy production by 2040. Using a novel approach by linking a bottom-up energy model with a top-down economywide model, we found that increasing the share of renewables in the power sector could slightly slow down the industrialization process and reduce economic growth. Implementing this policy, however, would allow the country to reduce carbon emissions by 65 million tons in 2040 and improve energy security. The health co-benefit is estimated to reach up to 324 billion Philippine pesos (PHP), which levels the welfare loss. Receiving foreign financial inflow as a compensation for reducing carbon emissions could drive the economy into Dutch disease, shifting more economic activities into the nontradable sector. Increasing total investment demand in the future as a policy response could potentially mitigate this effect and improve economic welfare by 155 billion PHP. |
| format | Artículo preliminar |
| id | CGSpace101503 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2019 |
| publishDateRange | 2019 |
| publishDateSort | 2019 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1015032025-11-06T07:23:50Z Green growth strategy: The economywide impact of promoting renewable power generation in the Philippines Pradesha, Angga Robinson, Sherman Mondal, Md. Hossain Alam Valmonte-Santos, Rowena Rosegrant, Mark W. energy policies economic growth greenhouse gas emissions electricity inflation renewable energy macroeconomics computable general equilibrium models energy generation energy demand energy security This study assesses the economywide impact of promoting renewable power generation by targeting a 50 percent share of renewables in energy production by 2040. Using a novel approach by linking a bottom-up energy model with a top-down economywide model, we found that increasing the share of renewables in the power sector could slightly slow down the industrialization process and reduce economic growth. Implementing this policy, however, would allow the country to reduce carbon emissions by 65 million tons in 2040 and improve energy security. The health co-benefit is estimated to reach up to 324 billion Philippine pesos (PHP), which levels the welfare loss. Receiving foreign financial inflow as a compensation for reducing carbon emissions could drive the economy into Dutch disease, shifting more economic activities into the nontradable sector. Increasing total investment demand in the future as a policy response could potentially mitigate this effect and improve economic welfare by 155 billion PHP. 2019 2019-06-08T07:25:05Z 2019-06-08T07:25:05Z Working Paper https://hdl.handle.net/10568/101503 en Open Access application/pdf International Food Policy Research Institute Pradesha, Angga; Robinson, Sherman; Mondal, Md. Hossain Alam; Valmonte-Santos, Rowena; and Rosegrant, Mark W. 2019. Green growth strategy: The economywide impact of promoting renewable power generation in the Philippines. IFPRI Discussion Paper 1802. Washington, DC: International Food Policy Research Institute (IFPRI). https://doi.org/10.2499/p15738coll2.133073 |
| spellingShingle | energy policies economic growth greenhouse gas emissions electricity inflation renewable energy macroeconomics computable general equilibrium models energy generation energy demand energy security Pradesha, Angga Robinson, Sherman Mondal, Md. Hossain Alam Valmonte-Santos, Rowena Rosegrant, Mark W. Green growth strategy: The economywide impact of promoting renewable power generation in the Philippines |
| title | Green growth strategy: The economywide impact of promoting renewable power generation in the Philippines |
| title_full | Green growth strategy: The economywide impact of promoting renewable power generation in the Philippines |
| title_fullStr | Green growth strategy: The economywide impact of promoting renewable power generation in the Philippines |
| title_full_unstemmed | Green growth strategy: The economywide impact of promoting renewable power generation in the Philippines |
| title_short | Green growth strategy: The economywide impact of promoting renewable power generation in the Philippines |
| title_sort | green growth strategy the economywide impact of promoting renewable power generation in the philippines |
| topic | energy policies economic growth greenhouse gas emissions electricity inflation renewable energy macroeconomics computable general equilibrium models energy generation energy demand energy security |
| url | https://hdl.handle.net/10568/101503 |
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