Analysis of Energy Substitution vis-a-vis Security Policy Trade-off with the Emissions Embodied in Bilateral Trade: An Index Decomposition Approach

Authors

  • Avik Ghosh The Institute of Cost Accountants of India
  • Suvajit Banerjee The Institute of Cost Accountants of India

DOI:

https://doi.org/10.33516/rb.v47i1-2.1-18p

Keywords:

Climate Protection, Energy Security, Trade-off, India-UK Bilateral Trade, Spatial Decomposition, Hypothetical Policy Scenario.

Abstract

The trade-off between climate protection and energy security is more striking for the developing countries those are having fewer resources to combat the risk of sudden supply disruptions of energy, however, its reflection in the literature is not found sufficient. This paper aims at exploring this trade-off by uniquely representing the India-UK bilateral trade and applies a spatial index-decomposition exercise of the emissions embodied in the net export. The calculated emission imbalance implied in India-UK bilateral trade is decomposed into the contributions from five important drivers. The study compares the policy trade-offs under three hypothetical scenarios where India is adopting prudent policy measures imitating the UK. Based on these scenario experiments, the study suggests a decision trick where India is adopting a lower energy intensity of input use by altering its energy consumption level keeping the employment of inputs unchanged.

Downloads

Download data is not yet available.

Downloads

Published

2022-01-27

How to Cite

Ghosh, A., & Banerjee, S. (2022). Analysis of Energy Substitution vis-a-vis Security Policy Trade-off with the Emissions Embodied in Bilateral Trade: An Index Decomposition Approach. Research Bulletin, 47(1-2), 1–18. https://doi.org/10.33516/rb.v47i1-2.1-18p

Issue

Volume 47, Issue 1-2, April-July 2021

Section

Articles
Crossref
Scopus
Google Scholar
Europe PMC

References

Bambawale, M.J., Sovacool, B.K., 2011. China’s energy security: the perspective of energy users. Applied Energy. 1949-1956.

Banerjee, S., 2019. Addressing the Drivers of Carbon Emissions Embodied in Indian Exports: An Index-Decomposition Analysis. Foreign Trade Review. 54(4), 300-333.

Banerjee, S., 2020a. Carbon Emissions Embodied in India—United Kingdom Trade: A Case Study on North-South Debate. Foreign Trade Review. 55(2), 199-215.

Banerjee, S., 2020b. Addressing the carbon emissions embodied in India’s bilateral trade with two eminent Annex-II parties: with input-output and spatial decomposition analysis. Environment Development and Sustainability. 1-35.

Banerjee, S., Ghosh, A., 2020. Reinvigorating green bond as an alternative energy investment amidst foreseeable funding crisis due to the great lockdown. Doctoral Symposium Conference — Proceedings. 10-11 December 2020. Indian Institute of Management Kozhikode.

Banerjee, S., 2021la. Carbon Adjustment in a Consumption-based Emission Inventory Accounting: A CGE Analysis and Implications for a Developing Country. Env. Science and Poll. Research. Doi: https://doi.org/10.1007/s11356-020-11771-3

Banerjee, S., 2021b. Conjugation of Border and Domestic Carbon Adjustment and Implications under Production and Consumption based Accounting of India’s National Emission Inventory: A Recursive Dynamic CGE Analysis. Structural Change and Economic Dynamics. 57, 68-86.

Banerjee, S., Hazra, S., Khan, M.A., ul Husnain, M.I., 2021. Investigating India’s pollution-intensive ‘dirty’ trade specialisation: analysis with ‘revealed symmetric comparative advantage’ index. Environmental Science and Pollution Research. Doi: 10.1007/$11356-021-12790-4

Bang, G., 2010. Energy security and climate change concerns: Triggers for energy policy change in the United States?. Energy Policy. 38, 1645-1653.

Brown, S.P.A, Huntington, H.G., 2008. Energy security and climate change protection: complementarity or tradeoff. Energy Policy. 36, 3510-3513.

Cao, X., 2003. Climate change and energy development: implications for developing countries. Resource Policy. 29, 61-67.

Chalvatzis, K.J., Hooper, E., 2009. Energy security vs. climate change: theoretical framework development and experience in selected EU electricity markets. Renewable and Sustainable Energy Review. 13, 2703-2709.

Kuik, O., 2003. Climate change policies, energy security and carbon dependency trade-offs for the European Union in the longer term. International Environmental Agreements. 3(3), 221242.

Qi, Y., Wu, T., 2013. The politics of climate change in China. WIRE Climate Change. 4(4), 301-313.

Rasul, G., Sharma, B., 2015. The nexus approach to water-energy-food security: an option for adaptation to climate change. Climate Policy. 16(6), 682-702.

Saryal, R., 2018. Climate change policy in India: Modifying the environment. South Asia Research. 38(1), 1-19.

Wu. G.. Liu. L.C.. Han. Z.Y.. Wei. YM. way, represent the views of the institutions 2012. Climate protection and China’s energy security: Win-win or tradeoff. Applied Energy. 97, 157-163.