The last section of the book provides case studies demonstrating the utilization of different 3E models in various parts of the world. A final chapter carefully examines the advantages and limitations of each model, its policy implications, and considerations for empirical analysis, discusses how these can be applied, addresses the remaining challenges in the field of energy transition and economic impact analysis, and suggests directions for future research. This is a valuable resource for researchers, advanced students, faculty, scientists, engineers, analysts, policy makers, consultants, and other industry professionals with an interest in energy transition, modeling, policy, and the interconnection between energy, environment, and economy.
Table of Contents
Section 1: Energy Transition and Economic Impacts1. Introduction to the Impact of Energy Transition
2. Classical Macro-econometric Models
3. Input-Output and CGE Models
4. Macroeconomic Models
Section 2: Energy Transition and Energy-Environment-Economy Models
5. Fundamentals of Energy-Environment-Economy Models
6. Global Energy and Climate Model
7. E3ME
8. NEMS-MAM
9. System of Three E-Models
10. Energy-Environment Model in STEM
11. Economy Model in STEM
Section 3: Assessing the Economic Impact of Energy Transition: Empirical Studies and Policy Issues
12. Input-Output Modeling: Case Study for Asia
13. Dynamic Stochastic General Equilibrium: Case Study for Global South
14. European Case Study using E3ME
15. NEMS-MAM and the US Case Study
16. System of Three E-Models for Korea
17. Conclusion: Advantages and Limitations of Each 3E Model, Policy Implications, Implementation, Challenges, and Future Directions
Authors
Jinsoo Kim Professor of Resource Economics and Policy, Hanyang University, South Korea.Dr. Jinsoo Kim is a Full Professor of Resource Economics and Policy at Hanyang University, South Korea. He has published over 70 peer-reviewed papers, covering socio-technical analysis of industrial decarbonization, criticality assessment of raw materials, multi-criteria decision making for renewable energy, and social cost-benefit analysis. Prof. Kim also conducted research at the University of Sussex (United Kingdom) with Prof. Benjamin K. Sovacool, publishing several papers on energy externalities and industrial decarbonization. He serves as associate editor or board member of several journals. Prof. Kim has also served as a member of the Policy Committee of Korea NGO's Energy Network and the Korean Society for New and Renewable Energy, and as Director of General Affairs of the Korean Resource Economics Association. He also contributed to the 3rd Basic Energy Plan as a member of the working group for the Ministry of Trade, Industry and Energy.
Soo-Il Kim Senior Research Fellow, Korea Energy Economics Institute, Republic of Korea.Dr. Soo-Il Kim is a Senior Research Fellow at the Korea Energy Economics Institute, Republic of Korea. He has worked at KEEI since 2005 in the field of energy modelling and policy analysis. Dr. Kim also worked at the International Energy Agency as a Research Fellow for World Energy Outlook 2013 and 2014. With over 19 years of experience in energy modelling and policy analysis, Dr. Kim has worked on developing the new energy balance of Korea and the energy modelling system: Energy and Greenhouse-gas Modelling System and the System of Three E-Models. He served as Head of the Center for Energy Information and Statistics and has lead the long-term energy outlook team. Dr. Kim also contributed to series of National Basic Plan for Energy and Basic Plan of Electricity Demand and Supply as a working group member.
Bongseok Choi Associate Professor of Economics, Department of Commerce and Finance of Kookmin University, South Korea.Dr. Bongseok Choi is Associate Professor of Economics at the Department of Commerce and Finance of Kookmin University, South Korea. He received his Ph.D. from the State University of New York at Buffalo (USA). He was previously a Research Fellow at the Korea Energy Economics Institute. He explores the macroeconomics of environmental and energy transition, and the impact of international trade on business cycles. His current work focuses on environmental macroeconomics, especially optimal dynamic taxation, macroeconomic dynamics with transition risks. His work has been published in academic journals such as Energy Economics, Resource and Energy Economics, Global Economic Review, and Applied Economics.
