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Abstrak :
This study assesses the environmental and economic impacts of the immediate shutdown of all Japan's nuclear reactor fleet. For the assessment, we regard a gradual nuclear power phase-out scenario as the basis for a 40-year operational time limit of plants as a reference sce- nario. A multi-regional, recursive dynamic computable general equilibrium model based on Version 8.1 of the Global Trade Analysis Project database is constructed. The simulation re- sults indicate that an immediate nuclear shutdown increases CO2 emissions through an in- crease in fossil fuel electricity generation and decreases real GDP losses in Japan. From a sec- toral view, an immediate nuclear power shutdown has a negative impact on Japan's energy in- tensive and trade-exposed sectors. In addition, we find that an immediate nuclear shutdown has a negative after-effect on the economy. This is caused by shrinking investment spending during the immediate nuclear power shutdown. Overall, we find that the Japanese economy would face significant economic and environmental impacts from an immediate nuclear power shutdown. However, our model does not incorporate potential negative costs associated with nuclear usage, such as the risk of a nuclear accident or the cost of final disposal sites for nucle- ar waste, which may be sizeable. To derive conclusions for Japanese energy policy, we must consider the potential negative costs of nuclear usage. The results of this simulation study rep- resent the first step in answering key questions on energy policy.

Abstrak :
Given the size of China and its global importance, the book then review s China?s current energy situation and fills the gaps in the literature for those who are interested in and concerned about China?s economic development and energy reform in the new millennium. The book is different from previous studies in several important ways. Firstly, it presents recent, pioneering research rather than a simple textbook, several sections of which have been published in high-quality energy journals. Secondly, subdivides China's energy intensity change into aspects of budget constraint, technological change, factor substitution, energy demand and economic growth using a newly developed econometric approach. Thirdly, it provides many new and different econometric findings and derives many new policy implications for China's energy economy. And lastly, it brings to light a wealth of new knowledge for those who are interested in China's energy economy, the world energy market and global environmental and climate change issues.