The Study of Influence and Strategies of Energy Market to Taiwan''s Economy and Industries
Date Issued
2008
Date
2008
Author(s)
Lin, Han-Chou
Abstract
The oil market has been strongly rising from 2000 to 2008. People have gradually attached importance to the impact from global exhaustion of energy. We study the influence of energy market to economics and industries in Taiwan and explore the strategies of government, enterprises, and households. First, we study the historical cycle of main energy market, crude oil price, from aspects of demand, supply, inventories, political, weather, and finance to understand oil long bull market and analyze the demand and supply of enegy structures in Taiwan. Second, we construct the communication strategies for households, strategies of saving energy and environment protection for enterprises. In aspects of government, we discuss the contents, effects and crituqes of floating oil price mechanism and analyze three alternative energies: wind, bio-mass, and solar energy which are growing quickly in recent years.n energy structure, it is a great secret worry that our dependence index of imported enegy is too high to be self-sufficient. We should focus on the development of water, wind, bio-mass, and solar energy. In energy consumption, we could find new dual core economies, industry and service, from GDP figures. Therefore, we should focus on energy saving and rationalizing energy price. Besides, we compress the factors high oil prices to fundamental, technical, and information aspects. Higher oil price growth rate would have negative influence to most industries. CPI% and WPI% are increasing in recent years. In the short term, WPI% would increase more than CPI due to high oil price. In 2008, interest rate and exchange rate are enhanced to reduce the effect of imported inflation. eople should take more advantage of mass transportation services under high energy price. In medium to high oil price, it would be more benefits to drive by ourselves above three passengers than trains, Taiwan High Speed Rails, and flights. Households can refer to taipower’s web-saving electricity information and replace low energy efficiency electrical appliances. Enterprises can explore the aspects, upstream, downstream, issues, and opportunities to find some improvement of saving energy and environment protection. The floating oil price mechanism should protect minority groups and reflect the true market situation so that people using more could pay more energy taxes.he development and tend of alternative energy in Taiwan still focus on water, bio-mass, wind, solar energy in the short term. Low carbon and self-produced energy is an important trend to consolidate our energy safety. In the future, government should encourage research and development of enterprises, strengthen development of off-shore wind energy, stabile the sources of bio-mass, enhance the efficiency of solar energy, and lower the costs of all energy.
Subjects
oil price
fossil fuel
alternative energy
renewable energy
Type
thesis
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