Energy, Environmental and Economic Sustainability in East Asia

Soocheol Lee is Professor of Faculty of Economics, Meijo University in Japan. He graduated from Seoul National University and received his PhD at the Graduate School of Kyoto University. He had worked for the Federation of Korean Industry as a team leader of Economic Research Department. He has written many books and papers on energy and environmental policy design and cooperation for sustainable low-carbon economy in East Asia.Hector Pollitt is Director and Head of International Modelling at Cambridge Econometrics, with extensive expertise in the development and application of macroeconomic modelling approaches for policy assessment. He has made significant contributions to several official assessments of energy and climate policy in the European Union and is responsible for development of the global E3ME simulation model.Kiyoshi Fujikawa is Professor of Applied Social System Institute of Asia, Nagoya University in Japan. He graduated from Kobe University in Japan and received his PhD there. He had worked at the Department of Economics and Social Affairs in the United Nations as a statistician before teaching in Japan. He has made significant contributions to application of input-output analysis on environmental economics.

"Four countries in East Asia, China, Japan, Korea, and Taiwan, are among top 20 in the world in their economic size, while three of them are top ten CO2 emitters. These facts imply that sustainable economic, environmental, and energy policies are not only critical for the region itself but for the sustainable future of the world. Using a well-designed empirical model called E3ME-FTT, the authors try to showcase the importance of understanding interconnectedness between economy and the environment especially in East Asia region. This book is a must read for scholars, students and policy makers who are interested in the sustainability issues in East Asia." —Jong Ho Hong, President, The East Asian Association of Environmental and Resource Economics, Professor and Dean, Graduate School of Environmental Studies, Seoul National University"East Asia faces a range of environmental pressures, including climate change, air and water pollution, and water scarcity as it continues to develop its economies. What happens in East Asia is likely to determine future global sustainability. This book, the result of an intensive collaboration between Asian and European academics, uses advanced modelling techniques to explore desirable policy options across the region. It is strongly recommended for both researchers and policy makers with an interest in environmental and economic sustainability." — Akira Hibiki, President, Society for Environmental Economics and Policy Studies, Japan and Professor, Graduate School of Economics and Management, Tohoku University "The book provides the most thorough and rigorous quantitative analysis to date of the long-term impacts of deep decarbonization policies on the environment and economy in East Asia. It shows that a comprehensive mix of policies can be effective at meeting the goal of decarbonization at the same time maintaining economic growth." — Daigee Shaw, Senior Research Fellow, Academia Sinica, Taiwan and Former President, The East Asia Association of Environmental and Resource Economics"We are living in a dynamic changing planet and world. The future development and transition of East Asian regions imposes implications for the world. This book provides a very informative analysis and conclusions regarding the institutional and policy reform for the use of energy and resources responding the challenges both regionally and globally, to ensure the East Asian region effectively implementing sustainable development strategy. It is a wonderful book to inspire the academia, policy makers and students to think the transitions needed in this region." — Shiqiu Zhang, Professor, Institute of Environment and Economy (IoEE) Peking University, China and Former President, The East Asian Association of Environmental and Resource Economics

• Introduction 1. Introduction to the E3ME and FTT Models Part I: Building Low-carbon Power Generation while Simultaneously Reducing the Role of Nuclear 2. Regulatory Policies to Reduce the Amount of Nuclear and Coal-fired Power Generation in East Asia 3. The Economic Impacts of Reduced Reliance on Coal and Nuclear Power Generation in East Asia 4. The Impacts of Combined Policies to Promote Sustainable Low Carbon Power Generation in East Asia Part II: Innovating to Reduce CO2 Emissions in Industry, Transport and Buildings 5. Policy Mixes to Meet the CO2 Emission Reduction Targets in All Sectors of the Economy in East Asia 6. Policies to Decarbonize Steel Industry in 2050 in East Asia 7. Policies to Decarbonize Passenger Vehicles in 2050 in East Asia 8. Policies to Decarbonize Household Heating Systems in 2050 in East Asia 9. Using the Revenues from Carbon Pricing Measures as a Part of Environmental Tax Reform in East Asia 10. Financing the Low-carbon Transition Part III: Wider Sustainability Issues: Reducing Water and Material Consumption, and Improving Air Quality 11. Interactions between Energy and Material Consumption in East Asia 12. Sustainable Use of Water Resource in East Asia 13. Transboundary Air Pollution and related Health Effects in East Asia Concluding Remarks and Future Challenges