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Benefits of energy efficiency policies in Thailand : an ex-ante evaluation of the energy efficiency action plan

  • The paper presents the results of an ex-ante evaluation of the economy-wide benefits that may be achieved through the implementation of the 20-year Energy Efficiency Action Plan (EEAP) in Thailand. The objective of the EEAP is to reduce energy intensity by 25 % in 2030 compared to 2010. This is to be reached by reducing the projected energy consumption by 20 % or 38 Mtoe until 2030. We have specified an analytical framework, which allows for a calculation of the overall energy cost savings, energy import cost reductions and reduced CO2 emissions. Moreover, we calculated the induced energy efficiency investments, employment effects and impacts on governmental budget. The evaluation shows that an effective implementation of the plan may leadThe paper presents the results of an ex-ante evaluation of the economy-wide benefits that may be achieved through the implementation of the 20-year Energy Efficiency Action Plan (EEAP) in Thailand. The objective of the EEAP is to reduce energy intensity by 25 % in 2030 compared to 2010. This is to be reached by reducing the projected energy consumption by 20 % or 38 Mtoe until 2030. We have specified an analytical framework, which allows for a calculation of the overall energy cost savings, energy import cost reductions and reduced CO2 emissions. Moreover, we calculated the induced energy efficiency investments, employment effects and impacts on governmental budget. The evaluation shows that an effective implementation of the plan may lead to a reduction in energy expenditure of 37.7 billion EUR by 2030. Moreover, the EEAP-induced energy savings will significantly reduce the greenhouse gas emissions as well as Thailand’s energy import costs and generate private investment in energy efficiency of about 5 billion EUR annually in 2030, which in turn may lead to about 300,000 new jobs. The size of the net impact of the plan on Thailand’s governmental budget is uncertain due to positive and negative effects on corporate and income tax revenues, expenses for unemployment benefits, governmental energy consumption, expenses for energy subsidies and energy tax income.show moreshow less

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Metadaten
Document Type:Peer-Reviewed Article
Author:Felix Suerkemper, Johannes Thema, Stefan ThomasORCiDGND, Florian Dittus, Monthon Kumpaengseth, Milou Beerepoot
URN (citable link):https://nbn-resolving.org/urn:nbn:de:bsz:wup4-opus-59154
Year of Publication:2016
Language:English
Source Title (English):Energy efficiency
DOI:https://doi.org/10.1007/s12053-015-9357-z
Volume:9
Issue:1
First Page:187
Last Page:210
Division:Energie-, Verkehrs- und Klimapolitik
Dewey Decimal Classification:320 Politik
OpenAIRE:OpenAIRE
Licence:License LogoIn Copyright - Urheberrechtlich geschützt