Investing on Low-Carbon Energy Systems Implications for Regional Eco

This book investigates low-carbon energy system development that integrate economic growth, environmental sustainability and social development. It explores recent developments in the energy markets in emerging economies  that highlight the need for

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esting on Low-Carbon Energy Systems Implications for Regional Economic Cooperation

Investing on Low-Carbon Energy Systems

Venkatachalam Anbumozhi Kaliappa Kalirajan Fukunari Kimura Xianbin Yao •

Editors

Investing on Low-Carbon Energy Systems Implications for Regional Economic Cooperation

123

Editors Venkatachalam Anbumozhi Economic Research Institute for ASEAN and East Asia (ERIA) Jakarta Indonesia

Fukunari Kimura Economic Research Institute for ASEAN and East Asia (ERIA) Jakarta Indonesia and

Kaliappa Kalirajan Crawford School of Public Policy Australian National University Canberra Australia

Faculty of Economics Keio University Tokyo Japan Xianbin Yao Asian Development Bank Manila Philippines

ISBN 978-981-10-0760-6 DOI 10.1007/978-981-10-0761-3

ISBN 978-981-10-0761-3

(eBook)

Library of Congress Control Number: 2016933243 © Springer Science+Business Media Singapore 2016 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer Science+Business Media Singapore Pte Ltd.

Foreword

Emerging economies of Asia have an essential role to play in promoting the global move towards energy security, economic growth, and sustainable development. Although their economic activities are circumscribed by developmental preferences, equity concerns, and industrial competiveness, they are important agents in implementing several measures which would mitigate global environmental challenges like climate change. The way in which the emerging economies manage their future energy systems and economic integration activities are critically important, as the global society increasingly expects. East Asia Summit region have begun responding to this challenge by in the form of intended nationally determined contributions and comprehensive economic partnerships. However, the observed effects of these commitments are often met with many regulatory barriers, technological hurdles, financia