A Way from Renewable Energy Sources to Urban Sustainable Development: Empirical Evidences from Taichung City

<p>Taiwan pursues economic growth, but the environment also faces major threats. How to balance economic growth and environmental maintenance has become a priority for sustainable development. This study analyzes this issue from a regional perspective. Taichung City is a scaled-down version of...

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Bibliographic Details
Main Authors: Cheng-Yih Hong, Yu-Shuang Yen
Format: Article
Language:English
Published: EconJournals 2019-02-01
Series:International Journal of Energy Economics and Policy
Online Access:https://www.econjournals.com/index.php/ijeep/article/view/7225
Description
Summary:<p>Taiwan pursues economic growth, but the environment also faces major threats. How to balance economic growth and environmental maintenance has become a priority for sustainable development. This study analyzes this issue from a regional perspective. Taichung City is a scaled-down version of Taiwan's economic development. This case study will help to think about how the economy and the environment can achieve a win-win situation in the future. This study analyzes the economic effects of investments in solar systems and then analyzes the differences in CO<sub>2</sub> emissions between electricity consumption and electricity sources. As a source of electricity needed to provide economic activities in Taichung, solar power systems will avoid the large-scale CO<sub>2</sub> emissions generated by economic growth and achieve a win-win goal of economic growth and environmental maintenance, which will help to achieve the possibility of sustainable urban development.</p><p><strong>Keywords:</strong> Solar power, Investment, Economic growth, CO<sub>2</sub> emissions, Sustainable urban development.</p><p><strong>JEL Classifications: </strong>C67, Q01, Q58, R58</p><p>DOI: <a href="https://doi.org/10.32479/ijeep.7225">https://doi.org/10.32479/ijeep.7225</a></p>
ISSN:2146-4553