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  • General equilibrium impact evaluation of food top-up induced by households’ renewable power self-supply in 141 regions

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    Author(s)
    Binh Nguyen, D
    Nong, D
    Simshauser, P
    Nguyen-Huy, T
    Griffith University Author(s)
    Simshauser, Paul E.
    Nong, Duy
    Year published
    2022
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    Abstract
    This article employs a global computable general equilibrium economic model (GTAP-E-PowerS) to examine the impact on the world economy if households in every country self-supply power to meet 30–100% of residential demand, with subsequent monetary savings diverted to consuming more food. Results show the power generation sector reduces output levels by 14%–42% across various countries if households 100% self-supply. Coal mining sectors are adversely affected in numerous countries with contractions of 9%–28% ($6,086-$18,935 million) in the United States and 4%–13% ($2,505–$8,143 million) in Australia. Improved outcomes for ...
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    This article employs a global computable general equilibrium economic model (GTAP-E-PowerS) to examine the impact on the world economy if households in every country self-supply power to meet 30–100% of residential demand, with subsequent monetary savings diverted to consuming more food. Results show the power generation sector reduces output levels by 14%–42% across various countries if households 100% self-supply. Coal mining sectors are adversely affected in numerous countries with contractions of 9%–28% ($6,086-$18,935 million) in the United States and 4%–13% ($2,505–$8,143 million) in Australia. Improved outcomes for the world environment are found with reductions of CO2e emission levels of 2.24%–7.38% (or 924–3,042 MtCO2 equivalent). The agriculture and food-processing sectors expand significantly in many countries but also cause major increases in land prices, particularly in land-scarce countries in Middle East, Europe, Japan, and Taiwan. Results also show the security of food and energy supply are improved along with environmental gains from lower emission levels. However, the energy sector is adversely affected and those countries with a heavy reliance on fossil fuel extraction and mining activities experience significant reductions in real GDP.
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    Journal Title
    Applied Energy
    Volume
    306
    Issue
    Part B
    DOI
    https://doi.org/10.1016/j.apenergy.2021.118126
    Copyright Statement
    © 2021 The Authors. Published by Elsevier Ltd. This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs 4.0 International (CC BY-NC-ND 4.0) License, which permits unrestricted, non-commercial use, distribution and reproduction in any medium, providing that the work is properly cited.
    Subject
    Economics
    Engineering
    Publication URI
    http://hdl.handle.net/10072/410359
    Collection
    • Journal articles

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