英文摘要 |
The objective of this paper is to assess the effects of the Kyoto Protocol and energy pricing policies on Taiwan’s economy. Policy recommendations will be drawn from the findings. The simulationmodel employed is the Dynamic General EquilibriumModel of Taiwan (DGEMT). Themain conclusion is as follows: The CO2 reduction policy performed very poorly in Taiwan during the past decade. If the government does not react immediately the effectiveness of the Kyoto Protocol might lead to a significant country risk for investment in Taiwan. The negative effect might reduce the economic growth rate as much as −1.57 percentage points. A progressive energy pricing policy will be useful to achieve the target of CO2 reductionwithout significantly damaging economic growth. To avoid an overshooting effect, it is also suggested that the priority one policy be to allow energy prices to fully reflect their production cost and to reformthe automobile fuel fee or road-maintenance fee fromtax on cars to asx on oil products. If further CO2 reduction is needed, a progressive carbon tax together with a package of green tax reformis then recommended. |