Open AccessEvaluation of a Renewable Energy Scenario in India For Economic and Co 2 Mitigation Effects
Author(s) -
Rana Ashish
Publication year - 2003
Publication title -
review of urban & regional development studies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.184
H-Index - 21
eISSN - 1467-940X
pISSN - 0917-0553
DOI - 10.1111/1467-940x.00063
Subject(s) - carbon tax , renewable energy , environmental economics , computable general equilibrium , context (archaeology) , solar power , concentrated solar power , reduction (mathematics) , climate change mitigation , electricity generation , natural resource economics , environmental science , economics , solar energy , climate change , power (physics) , microeconomics , engineering , ecology , paleontology , physics , geometry , mathematics , quantum mechanics , electrical engineering , biology
Renewable energy technologies (RETs) are attractive for sustainable energy supply and CO 2 mitigation. In this paper, a CGE model is used to analyze the effects of rapid reduction of costs of solar power generation, an important RET, in India. Alternate scenarios of cost reduction of solar power, hybrid scenarios with a carbon tax and a scenario of only carbon tax are compared with a reference scenario. Simulation results show that under such a scenario, high penetration of solar technology, economic gains, and modest emission reduction are achieved. The analysis shows that compared to accelerated solar technology scenario, a carbon tax achieves superior mitigation. Broad policy implications for developing countries are drawn in the context of global climate change debate.