Timilsina, Govinda R.2012-05-292012-05-292008-03https://hdl.handle.net/10986/6499This paper analyzes the economic and environmental consequences of a potential demand side management program in Thailand using a general equilibrium model. The program considers replacement of less efficient electrical appliances in the household sector with more efficient counterparts. The study further examines changes in the economic and environmental effects of the program if it is implemented under the clean development mechanism of the Kyoto Protocol, which provides carbon subsidies to the program. The study finds that the demand side management program would increase economic welfare if the ratio of unit cost of electricity savings to price of electricity is 0.4 or lower even in the absence of the clean development mechanism. If the program's ratio of unit cost of electricity savings to price of electricity is greater than 0.4, registration of the program under the clean development mechanism would be needed to achieve positive welfare impacts. The level of welfare impacts would, however, depend on the price of carbon credits the program generates. For a given level of welfare impacts, the registration of the demand side management program under the clean development mechanism would increase the volume of emission reductions.CC BY 3.0 IGOADVERSE EFFECTSAGRICULTUREAIR POLLUTANTSAIR POLLUTIONAIR POLLUTION REDUCTIONSAPPLIANCE EFFICIENCYAPPROACHBALANCEBROWN COALCAPITAL GOODSCARBON ABATEMENTCARBON DIOXIDECARBON EMISSIONSCARBON MARKETCARBON TAXCARBON TAXESCDCLEAN DEVELOPMENT MECHANISMCLEAN ENERGYCLIMATE CHANGECOALCOAL OILCOMBUSTION TECHNOLOGIESCOMBUSTION TURBINECOMPACT FLUORESCENT LAMPSCOMPUTABLE GENERAL EQUILIBRIUM MODELCOST OF ELECTRICITYCOST OF ENERGYCOSTS OF ELECTRICITYCRUDE OILDEMAND FOR ELECTRICITYDEVELOPMENT POLICYDISPOSABLE INCOMEECONOMIC LIFEECONOMIC SECTORSECONOMICSEFFICIENT LIGHTINGELASTICITIESELASTICITY OF SUBSTITUTIONELECTRIC MOTORSELECTRIC UTILITIESELECTRICAL MACHINERYELECTRICITY CONSUMPTIONELECTRICITY COSTSELECTRICITY DEMANDELECTRICITY GENERATIONELECTRICITY GENERATION TECHNOLOGIESELECTRICITY INDUSTRYELECTRICITY PRICEELECTRICITY PRICESELECTRICITY SAVINGSELECTRICITY SECTORELECTRICITY SUPPLYELECTRICITY TARIFFEMISSIONEMISSION FACTOREMISSION REDUCTIONEMISSION REDUCTIONSEMISSIONSEMISSIONS REDUCTIONEMISSIONS REDUCTIONSEND USEEND-USEENERGY CONSERVATIONENERGY DEMANDENERGY ECONOMICSENERGY EFFICIENCYENERGY EFFICIENCY IMPROVEMENTSENERGY POLICYENERGY PRICESENERGY PRODUCTIONENERGY SAVINGSENERGY SERVICEENERGY SOURCESENVIRONMENTALENVIRONMENTAL CONSEQUENCESENVIRONMENTAL ECONOMICSENVIRONMENTAL IMPACTSENVIRONMENTAL MANAGEMENTENVIRONMENTAL POLICYENVIRONMENTAL POLLUTANTSENVIRONMENTAL PROTECTIONENVIRONMENTAL TAXEQUILIBRIUMEXCHANGE RATEEXPORTSFINANCIAL RESOURCESFORESTRYFOSSILFOSSIL FUELFOSSIL FUELSFUEL CONSUMPTIONFUEL COSTSFUEL WOODFUNCTIONAL FORMSGDPGENERAL EQUILIBRIUM ANALYSISGENERAL EQUILIBRIUM MODELGLOBAL CLIMATE CHANGEGREENHOUSEGREENHOUSE GASGREENHOUSE GAS ABATEMENTGREENHOUSE GASESGROSS OUTPUTGROWTH RATEHEATHOUSEHOLD SECTORHYDROPOWERIMPERFECT SUBSTITUTESIMPORTSINCOMEINFLATIONINTEREST RATEINTEREST RATESINTERNAL COMBUSTIONINTERNATIONAL TRADEINVENTORYLEISUREMARGINAL COSTMETALSMITIGATION POTENTIALNATURAL GASNITROGENOPECOPEN ECONOMYOPTIMIZATIONPARTIAL EQUILIBRIUM ANALYSISPARTICULATEPEAK DEMANDPETROLEUMPETROLEUM PRODUCTSPIPELINEPOWER GENERATIONPOWER INDUSTRYPRICE ELASTICITYPRICE INCREASESPRICE OF ELECTRICITYPRIMARY ELECTRICITYPRIMARY SOURCESPRODUCERSPRODUCTION FUNCTIONREDUCING ENERGY CONSUMPTIONREFRIGERATIONRENEWABLE ENERGYRENEWABLE ENERGY GENERATIONRESIDENTIAL ENERGYREVENUE RECYCLINGSTEAM TURBINESULFURTAX RATESTHERMAL POWERTHERMAL POWER PLANTSTONS OF CARBONTOTAL COSTSTRADE BALANCETRANSACTION COSTSUTILITY FUNCTIONVOLATILE ORGANIC COMPOUNDSWAGESWELFARE EFFECTSWELFARE FUNCTIONWELFARE LOSSWorld Bank10.1596/1813-9450-4563