Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/26771
Title: Growth of low emission-intensive energy production and energy impacts in Vietnam under the new regulation
Contributor(s): Nong, Duy (author); Siriwardana, Mahinda  (author); Perera, Subashini  (author); Nguyen, Duong Binh (author)
Publication Date: 2019-07-10
Early Online Version: 2019-03-29
DOI: 10.1016/j.jclepro.2019.03.299
Handle Link: https://hdl.handle.net/1959.11/26771
Abstract: Mitigating and adapting to the effects of climate change is an ongoing concern for developing countries like Vietnam. Hence, Vietnam ratified the Paris agreement without delay in October 2016. As a part of its climate policy strategy, the government is proposing to increase the taxes either on coal by 50% or petroleum products by 33.33%. This study employs the GTAP-E-Power model with additional improvements to include non-CO2 emissions to examine the impacts of such a policy on the Vietnamese economy. Results show that the trade-offs of the increased tax on petroleum products (Scenario 1) are much higher than the increased tax on coal (Scenario 2). For example, real GDP in Vietnam declines by 2.23% and 1.05% in Scenario 1 and Scenario 2, respectively. In addition, the country’s emissions level reduces by 10.23% in Scenario 2 compared to a reduction of 7.62% in Scenario 1. A higher tax on coal would foster the extension of renewable energy sectors faster than the impacts resulted from increasing tax on petroleum products. The increased demands by the private sector for electricity generated from renewable sources signals a potential for a sustainable development of the renewable electricity generation sectors in Vietnam.
Publication Type: Journal Article
Source of Publication: Journal of Cleaner Production, v.225, p. 90-103
Publisher: Elsevier BV
Place of Publication: Netherlands
ISSN: 1879-1786
0959-6526
Fields of Research (FoR) 2008: 140205 Environment and Resource Economics
140215 Public Economics- Taxation and Revenue
140219 Welfare Economics
Fields of Research (FoR) 2020: 380105 Environment and resource economics
380115 Public economics - taxation and revenue
380119 Welfare economics
Socio-Economic Objective (SEO) 2008: 859802 Management of Greenhouse Gas Emissions from Electricity Generation
859803 Management of Greenhouse Gas Emissions from Energy Activities (excl. Electricity Generation)
859999 Energy not elsewhere classified
Socio-Economic Objective (SEO) 2020: 190306 Management of greenhouse gas emissions from energy activities
190305 Management of greenhouse gas emissions from electricity generation
Peer Reviewed: Yes
HERDC Category Description: C1 Refereed Article in a Scholarly Journal
Appears in Collections:Journal Article
UNE Business School

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