Economic Impact of the Energy Transition

Economic Impact of the Energy Transition, 1st Edition, examines the complex relationships connecting energy systems, environmental policy, and macroeconomic performance using energy-environment-economy (3E) models. The volume clarifies how quantitative analytical frameworks evaluate economic structural shifts during low-carbon transitions.

The text presents fundamental modeling principles before introducing the System of Three E-Models (STEM), developed by the Korea Energy Economic Institute. It compares this model against established global framework structures, including the E3ME model and the NEMS-MAM model.

Applied case studies illustrate these analytical tools in practical scenarios. The authors evaluate the macroeconomic consequences of carbon neutrality achieved through carbon market linkages across Korea, China, and Japan. Further chapters apply Dynamic Stochastic General Equilibrium modeling to compare renewable energy policy approaches across the European Union, the United States, China, and Korea. Designed for researchers, faculty, scientists, and policy analysts, this volume provides structured quantitative methods to support energy policy design.