ECONOMIC IMPACT OF SUBSIDY POLICIES TO ELECTRIC VEHICLE SOCIETY IN TOYOHASHI CITY IN JAPAN — A CGE-MODELING APPROACH

2018 ◽  
Vol 63 (02) ◽  
pp. 409-429 ◽  
Author(s):  
YUZURU MIYATA ◽  
HIROYUKI SHIBUSAWA ◽  
TOMOAKI FUJII
Keyword(s):  
Economic Impact ◽  
Electric Vehicle ◽  
Computable General Equilibrium ◽  
Energy Use ◽  
Solar Power ◽  
Ferrous Metal ◽  
Commodity Prices ◽  
Modal Shift ◽  
Modeling Approach ◽  
Cge Modeling

In this paper, we explore the economic impact of promotion and realization of an electric vehicle society (EVS). More concretely, this paper emphasizes a computable general equilibrium (CGE) modeling approach to evaluate the following issues: economic impacts of subsidies for promotion of an EVS, the possibility of price reductions, industrial structure change toward an EVS, and modal shift occurring toward an EVS. Our simulation results demonstrate that after applying 5–25% up subsidies to five industries, such as electric vehicle (EV) manufacturing, EV transport, solar power, cogeneration and other transport, the total industrial output and city GDP increase. A large growth rate is found in industries where subsidies are introduced alone with non-ferrous metal industry. However, it is interesting that decreasing proportions are found in oil and coal product, mining, heat supply and gasoline vehicle (GV) transport industries. Moreover, all the commodity prices decrease since subsidies are given to some industries. Hence Toyohashi City’s economy shows a direction where the demand for conventional vehicles and energy use are decreased, conversely, the demand for EVs and renewable energy are increased illustrating a different life style from the current one. However, it does not mean that the total CO2 emission is decreased. EV society makes some industrial outputs larger. Due to the fact that some industrial outputs are increased, CO2 emissions of EV manufacturing and nonferrous metal are increased more than decreased industries. Thus, introducing 5–25% subsidies to EV manufacturing, EV transport, solar power, cogeneration and other transport can really represent a realistic alternative society to EVS if the total CO2 emission can be reduced. Therefore, we have to think what can make the total CO2 emission reduced.

scholarly journals Economic Impact of Information Industry Development and Investment Strategy for Information Industry

2021 ◽  
Vol 29 (1) ◽  
pp. 22-43
Author(s):  
Boqiang Lin ◽  
Zhijie Jia ◽  
Malin Song
Keyword(s):  
Economic Impact ◽  
Computable General Equilibrium ◽  
Service Industry ◽  
Commodity Prices ◽  
Investment Strategy ◽  
Computable General Equilibrium Model ◽  
Information Industry ◽  
Industry Development ◽  
Digital Revolution ◽  
Software Products

The information industry leads the digital revolution and innovation. With regards to what economic impact the development of the industry will bring about, there has been minimal focus from literature. This paper fills the knowledge gap by using a dynamic computable general equilibrium model. The results show the development will rapidly promote economic development and social welfare, promote the reduction of commodity prices and the rise of output by providing higher social productivity. Finance, public service, and some traditional industry (such as electricity) will benefit more when the information industry develops rapidly. At present, the industry development of the information industry is more directed at the service industry and final consumption. This paper implies the information industry can strengthen R&D investment towards supporting finance, public services and traditional industries, such as industrial control embedded software products, cloud computing technology, and emergency communication for traditional industries to increase the income.

Comparing approaches to economic impact analysis of property redevelopment

2015 ◽  
Vol 33 (4) ◽  
pp. 362-373
Author(s):  
Christopher Hannum
Keyword(s):  
Real Estate ◽  
Economic Impact ◽  
Computable General Equilibrium ◽  
Impact Analysis ◽  
Property Development ◽  
Content Type ◽  
Economic Impact Analysis ◽  
Mixed Use ◽  
Cge Modeling ◽  
Construction Activity

Purpose – The purpose of this paper is to demonstrate the value of computable general equilibrium (CGE) modeling for impact analysis of real estate developments and redevelopments. Design/methodology/approach – Uses a model constructed for Colorado to compare estimates of economic impact of a hypothetical mixed-use development from a CGE model with an input-output (IO) model similar to those commonly used in applied economic impact analysis. Findings – Economic impact estimates of construction activity are demonstrated to be lower when using a CGE approach as compared to an IO approach while impact estimates of continuing operations of a property are demonstrated to be more accurate and potentially higher using a CGE approach. Practical implications – A CGE approach as opposed to an IO approach will be particularly useful for practitioners in particular cases where IO models are ill suited to provide meaningful estimates concerning impact of continuing operations. This is especially likely where commercial tenants are unknown or when the development includes a residential component. Social implications – More complete and accurate assessments of economic impact may positively affect views on property development and redevelopment by the public and government. Originality/value – This paper adds to the existing literature concerning economic impact analysis of real estate and is the first paper in the field, to the authors’ knowledge; to compare estimates from the standard IO approach to those derived using more sophisticated modeling techniques.

Critical minerals demand will boost Canadian mining

2021 ◽  
Keyword(s):  
Supply Chain ◽  
Rare Earth ◽  
Electric Vehicle ◽  
Carbon Emissions ◽  
High Performance ◽  
Commodity Prices ◽  
Alternative Source ◽  
Content Type ◽  
The Us ◽  
Critical Minerals

Significance Although low commodity prices deterred investment in recent years, this is changing as the market rallies. The creation of a regional electric vehicle (EV) supply chain straddling the Canada-US border has the potential to transform the Canadian mining sector while loosening China’s grip on the minerals used in high-performance batteries. Impacts Canada is the world’s eighth-largest cobalt producer and has significant copper, graphite and rare earth deposits. Fortune Minerals, which is developing a cobalt mine in Northwest Territories, has held funding talks with the US Export/Import Bank. First Cobalt is building North America’s only cobalt refinery to give battery makers an alternative source to the DRC. Several of the country’s mines are using cutting-edge technologies to reduce their carbon emissions.

Global Environment Facility Support for Sustainable Transport: Early Lessons from World Bank–Assisted Projects in Mexico City, Mexico; Santiago, Chile; and Lima, Peru

2003 ◽  
Vol 1846 (1) ◽  
pp. 9-13 ◽  
Author(s):  
Pierre Graftieaux ◽  
Walter Vergara ◽  
Todd Johnson
Keyword(s):  
World Bank ◽  
Land Use Planning ◽  
Energy Use ◽  
Early Stage ◽  
Demand Management ◽  
Decision Makers ◽  
Global Environment ◽  
Sustainable Transport ◽  
Modal Shift ◽  
Global Environment Facility

Global Environment Facility (GEF) support for World Bank sustainable transport activities is described. An overview is presented of current GEF strategy for sustainable transport, which reflects a shift beyond individual technology interventions toward broader objectives, including modal shift, demand management, and land use planning. Ongoing GEF projects that exemplify this shift are reviewed by examining projects in Latin America and Asia whose aim is improving public transport, nonmotorized programs, and institutional capacity related to sustainable transport. The major lessons that can be drawn from these projects, most of which are still at an early stage, is that local authorities are often enthusiastic about getting involved in programs that simultaneously address key transportation concerns in their cities (such as access, safety, congestion, local air quality) and result in less overall energy use and greenhouse gas emissions. Much can be achieved as long as project communications and promotion are addressed and carefully targeted at decision makers and potential beneficiaries.

scholarly journals Impact study of NOOR 1 project on the Moroccan territorial economic development

2021 ◽  
Vol 6 ◽  
pp. 8
Author(s):  
Amale Laaroussi ◽  
Abdelghrani Bouayad ◽  
Zakaria Lissaneddine ◽  
Lalla Amina Alaoui
Keyword(s):  
Economic Development ◽  
Renewable Energy ◽  
Economic Impact ◽  
Large Scale ◽  
Solar Power ◽  
Local Level ◽  
Concentrated Solar Power ◽  
Professional Literature ◽  
Study Results ◽  
The Impact

Morocco is one of the countries investing more and more in Renewable Energy (RE) technologies to meet the growing demand for energy and ensure the security of supply in this sector. The number of solar projects planned and implemented, as well as solar thermal projects in the form of Concentrating Solar Power (CSP) installations is steadily increasing. Many of these installations are designed as large utility systems. In order to provide strong evidence on local, regional and even national impacts, this article examines the impacts of large-scale renewable energy projects on territorial development, based on a case study of the NOOR 1 (Concentrated Solar Power (CSP)) project in Ouarzazate, Morocco. The data collected during this study, conducted through semi-structured interviews with experts, stakeholders, local community representatives and combined with an analysis of documents provided by the NOOR 1 project managers, investors and consulting firms specialized in the field of Renewable Energy, provide detailed evidence on the type and magnitude of impacts on the economic development of the Moroccan southern region where the NOOR 1 plant is located. The data collected is analyzed using NVIVO software. The study results in a consolidated list of many impacts with varying levels of significance for different stakeholder groups, including farmers, youth, women, community representatives and small and medium firms owners. It should be noted that the importance of analyzing the economic impact of large infrastructure projects is widely recognized, but so far, there is little published in the academic and professional literature on the potential impacts of these projects at the local level. Even less information is available on the local impacts of large-scale project implementation in Morocco. While many macroeconomic studies have fed the recent surge in investment in RE projects with the promise of multiple social, economic, environmental, and even geopolitical benefits at the macro level, public debates and discussions have raised considerable doubts. The question of whether these promises would also leave their marks at the local level has also arisen. Despite these uncertainties, very few academics and practitioners have conducted research to empirically develop a good understanding of the impact of RE projects at the local level. To fill this research gap, the economic impact analysis of NOOR 1 provides a detailed empirical overview, which allows a better understanding of the effects that the infrastructure developments of Concentrated Solar Power (CSP) plants can have on the economic environment in which they are located.

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