Greening Asia's Economic Development

Burke, Paul J.; Nam, Thang

doi:10.1111/aepr.12316

Cited by 19 publications

(14 citation statements)

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“…Paul Burke and Thang Nam Do (2021) review the key environmental challenges faced by the Asian region and the growing opportunities for a transition to a cleaner economy powered by zero‐emission energy sources. Burke and Do provide a clean, concise, and comprehensive overview of the current state of the energy issues in Asia and economic policy tools to accelerate the transition to sustainable economies, toward achieving the Paris Agreement goals.…”

Section: Summary Of Papers and Discussionmentioning

confidence: 99%

“…Cherif et al (2021) highlight the potential for EV to dramatically impact on the demand and price of oil. As Burke and Do (2021) argue, switching away from fossil fuels to solar and wind power for power generation is not only technically feasible but cost effective as well. We also can observe what has happened to carbon emissions since 2010, and how countries have changed their energy and environment policies.…”

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confidence: 99%

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Energy and the Environment: Editors' Overview

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Asian Economic Policy Review

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Volume 5 Issue 1 of the Asian Economic Policy Review published in July 2010 was devoted to the theme of "The Environment and Climate Change." What has changed since 2010 that justifies devoting another issue to a similar theme 10 years or so later? The economics underlying climate change as spelled out clearly in Stern (2007) have not changed, although we probably have a better understanding of the impact of emissions trading mechanisms introduced following the adoption of the Kyoto Protocol. The Kyoto Protocol which came into force in February 2005 committed industrialized countries and countries in transition to limit and reduce greenhouse gases (GHG) emissions in accordance with agreed individual targets. As Arimura and Sugino (2021) discuss, the time since 2005 provide us with data and experience with the trading of emission permits and carbon pricing which were established by the Kyoto Protocol. One of the important changes in the international environment that has occurred between 2010 and now is the Paris Agreement that entered into force on November, 4, 2016. The Paris Agreement aims to keep the global temperature rise this century to below 2 o C above pre-industrial levels, and to limit the increase even further to 1.5 o C. Importantly, this agreement, which covers both developed and developing economies, requires all signatories to put forward their best efforts through "nationally determined contributions." As Table 1 indicates, 9 of the top 10 greenhouse gas (GHG) emitters, including China, the largest GHG emitter by far, have ratified (or in the case of Japan, accepted) the treaty governing the Paris Agreement by early November 2016. However, the position of the USA has been problematic. Under the Obama Administration, the USA ratified the treaty on 3 September 2016, but on 1 June 2017 President Donald J. Trump announced his intention to withdraw from the agreement, and the USA formally withdrew from the agreement on 4 November 2020. The next day, Presidentelect Biden stated that "in exactly 77 days, a Biden Administration will rejoin it"

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Section: Summary Of Papers and Discussionmentioning

confidence: 99%

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confidence: 99%

Energy and the Environment: Editors' Overview

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“…Burke and Do (2021) try to address these problems from the viewpoint of economics, proposing feasible policies for improving local and global environmental quality, although their main interest is in the low‐carbon emission aspects. In giving an overview of the present circumstances of the environment in Asian countries, Burke and Do point out that Asia faces a challenge in combatting global warming and other environmental problems, since the size of their population, their rapid economic growth and development, their carbon‐intensive energy use as well as their energy‐intensive economic style are making the situation worse.…”

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“…Burke and Do's stance of policy evaluation is clear: carbon pricing or emission pricing is preferred to emission‐permit trading. They say “From an economic point of view, a carbon tax is preferable to an ETS in many ways.” They also point out the merits of reverse auctions, saying “The advantage of reverse auctions over standard feed‐in tariffs is that competitive forces in an auction can help to drive prices down” (Burke & Do, 2021). From these statements, it is clear that Burke and Do evaluate pricing incentive policies more than other policies.…”

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Comment on “Greening Asia's Economic Development”

Hosoda

2020

Asian Economic Policy Review

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Greening Asia's economic development is essential for enhancing environmental quality on a global scale as well as at a local level, since the Asian population, which is more than half the world's population, and its rapid economic growth and development are anticipated to adversely affect the natural environment. Actually, the total amount of CO 2 emissions from Asian countries amounts to nearly half of world emissions, contributing to the global warming. On the other hand, local environmental problems such as air pollution, water contamination, soil degradation, and deforestation in some Asian countries are getting worse (Southerland, 2018). Burke and Do (2021) try to address these problems from the viewpoint of economics, proposing feasible policies for improving local and global environmental quality, although their main interest is in the low-carbon emission aspects. In giving an overview of the present circumstances of the environment in Asian countries, Burke and Do point out that Asia faces a challenge in combatting global warming and other environmental problems, since the size of their population, their rapid economic growth and development, their carbon-intensive energy use as well as their energy-intensive economic style are making the situation worse. Based on the traditional economic theory of the internalization of externalities, Burke and Do propose the adjustment of prices following incentive-based polices such as carbon pricing. They argue that emission pricing or carbon pricing is a powerful tool for cutting CO 2 emissions, although it has been adopted only in a small number of countries in Asia so far. This appears to be ironical since fossil fuels are considered to become stranded assets soon and, instead, zero-emission technologies such as solar and wind power generation are expected to be promising alternatives. As Burke and Do suggest, there is great potential for establishing facilities for renewable power generation in Asia. If these facilities are constructed in the right place and efficiently operated, zero-emission would become a reality in Asia. Furthermore,

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“…Burke and Do (2021) is a clearly written overview of the costs of Asia's carbon‐intensive development model and the ways that the region could achieve decarbonization with growth.…”

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confidence: 99%

Comment on “Greening Asia's Economic Development”

Noland

2020

Asian Economic Policy Review

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Greening Asia's Economic Development

Cited by 19 publications

References 17 publications

Energy and the Environment: Editors' Overview

Energy and the Environment: Editors' Overview

Comment on “Greening Asia's Economic Development”

Comment on “Greening Asia's Economic Development”

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