A CGE approach to the analysis of biofuels for promoting energy self sufficiency and security policy in Thailand - results and discussion

Wianwiwat, Suthin and Asafu-Adjaye, John (2012) A CGE approach to the analysis of biofuels for promoting energy self sufficiency and security policy in Thailand - results and discussion. Procedia Engineering, 49 : 3-9.

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Author Wianwiwat, Suthin
Asafu-Adjaye, John
Title A CGE approach to the analysis of biofuels for promoting energy self sufficiency and security policy in Thailand - results and discussion
Journal name Procedia Engineering  (ERA 2012 Listed)   Check publisher's open access policy
Publication date 2012-08-25
Sub-type Article
Volume number 49
ISSN 1877-7058
Start page 3
End page 9
Total pages 7
Place of publication Amsterdam, The Netherlands
Publisher Elsevier
Collection year 2013
Language eng
Formatted abstract This paper applies a computable general equilibrium (CGE) model of the Thailand economy to analyse the government's recent renewable energy development plan. This plan aims to increase domestic energy use from renewable sources to replace fossil fuel imports. The study simulated specific policies contained in the plan. Among other things, we found that promoting biofuel use causes a rapid increase in the price of biofuel and biofuel feedstock in the short run, whereas these prices only increase slightly in the long run due to more elastic supplies. Furthermore, the prices of food including other products marginally increase, implying that food security is not undermined by the policy. On the basis of the findings, the study recommends review of some of the targets because they were found to be too high, and a phasing in of others.
Keyword CGE modelling
Energy policy
Thailand
Biofuel
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article
Collections: Official 2013 Collection
School of Economics Publications
 
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Created: Thu, 15 Nov 2012, 15:28:56 EST by Alys Hohnen on behalf of School of Economics