Economics of Transiting to Renewable Energy in Morocco : A General Equilibrium Analysis

Timilsina, Govinda R. ; Landis, Florian

World Bank, Washington, DC

关键词: AIR;    AIR POLLUTANTS;    APPROACH;    BALANCE;    BUTANE;   

DOI  :  10.1596/1813-9450-6940
RP-ID  :  WPS6940

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Morocco has set an ambitious target ofsupplying 42 percent of electricity through renewablesources, 14 percent each through hydro, wind, and solar, by2020. To analyze the economic and environmental implicationsof implementing this target, this study uses a dynamiccomputable general equilibrium model with foresight thatincludes explicit representation of various electricitygeneration technologies. Two types of policy instruments, aproduction subsidy financed through fossil fuel taxation anda renewable energy mandate financed through increasedelectricity prices, have been considered to attractinvestment in renewable energy. The study shows that meetingthe renewable target would achieve up to 15 percentreduction of national greenhouse gas emissions in 2020compared with a situation in the absence of the target, orthe baseline. However, meeting the target would decreasehousehold consumption of goods and services, therebyworsening household welfare. The study also shows that therenewable production subsidy financed through fossil fueltaxation is superior to the mandate policy to meet therenewable energy target in Morocco, as the former wouldcause a lower loss in economic welfare and a largerreduction of greenhouse gas emissions than the latter.