China’s Carbon-Energy Policy and Asia’s Energy Transition Carbon Leakage, Relocation and Halos
This book seeks to examine the impacts associated with China’s carbon-energy policy in Asia and how, coupled with the Belt and Road Initiative, these effects prompt foreign direct investments in coal power and exports of renewable energy technologies.
China shows a co-evolution of carbon-energy policy and energy transitions from coal to renewables. Assessing how the policy intensifies pressures and motivations to Chinese companies, chapters in this edited volume analyse how the policy has changed energy and CO2 emissions in Asia through the lens of carbon leakage, relocation, and halos. Contributors present in-depth studies on China’s investments and exports, and also its impacts on Indonesia, India, Vietnam, and Japan. Using applied computable general equilibrium and scenario input-output analyses, chapters investigate if regional electricity connectivity reduces new coal power investments through efficiency gain. Arguing that China is shifting from the world’s factory to the leading innovator and Asia's demand centre, it is ultimately demonstrated that China is likely to achieve climate targets whereas Asia to increase CO2 emissions and economic reliance on China.
China’s Carbon-Energy Policy and Asia’s Energy Transition will be of significant interest to students and scholars of energy, environment, and sustainability studies, as well as Chinese studies and economics.
Part 1: Energy Transition and Carbon Leakage, Relocation and Halos: Concepts and Framework
1. Carbon leakage, relocation, and halo: Concept and framework to understand impacts of China’s carbon-energy policy
2. Struggles for energy transition in the electricity system in Asian countries: A system complementarity perspective
Part 2: China's Energy and Industrial Transformation as Push Factors
3. Economic and environmental Impacts of power supply configuration change in China: An application of scenario input-output analysis
Jiayang Wang and Kiyoshi Fujikawa
4. Change of China’s renewable energy policy and its impact on domestic PV companies
5. Do Chinese power companies employ investments in foreign power projects as a geographical diversification strategy to stringent regulations?
Part 3: Carbon, Leakage, Relocation and Halos Effect in Host Countries
6. The Economic and carbon impact of China’s outward foreign direct investment in the power sector
Hikari Ban and Kiyoshi Fujikawa
7. The effect of renewable energy policies on import from Asian countries: Evidence from solar PV/wind energy with matching econometrics
8. The role of China in the development of coal and renewable energy plants in Indonesia
Maxensius Tri Sambodo
9. India’s energy transition: Is China an inhibitor or a catalyst?’
10. Impact of Chinese renewable technology export on Japan’s energy transition: The case of solar photovoltaic industry
Takashi Hattori and Yi-chun Chen
11. Generating or receiving carbon leakages?: An examination of China in Asia
Le Tuyet Vo and Yiyi Ju
Part 4: Countermeasures and future challenges
12. The implications of East Asia electricity market integration on Southeast Asian economies and carbon emissions
Budy P. Resosudarmo and Yuventus Effendi
13. China’s carbon-energy policy and Asia’s energy transition from carbon leakage, relocation, and halos perspectives: Conclusions and the future