1.The purpose of this paper is to evaluate the economic impacts of the termination of the fourth nuclear power plant under different policy proposals. The proposals considered in this research are (1) the termination of the fourth nuclear power plant without any alternative undertaken; (2) overall energy efficiency improvement as an alternative policy; (3) thermal efficiency improvement in coal- fired power plant as an alternative power source; and (4) thermal efficiency improvement in natural gas-fired power generation facilities as an alternative power source. I used the TAIGEM/sup.copyr./ dynamic general equilibrium model to perform such policy simulations. The findings of this research clearly indicated that the fourth nuclear power plant is not as necessary as is alleged by Taipower Company. Under the worst situation when no alternative tactics are available, the termination of the fourth nuclear power plant will only cause medium to small impacts on the Taiwan economy. If the actions of energy efficiency improvement and retrofitting of the existing power plants are undertaken, the Taiwan economy will be better off even though the termination of project may lead to a shortage of electricity supply. The policy simulation results also concluded that the fourth nuclear power plant project shows no supremacy over the power plant retrofitting options when CO/sub 2/ emission issues are a concern.
永續能源與環境策略國際研討會論文集(一)=Proceedings of the International Conference on Sustainable Energy and Environmental Strategies: Taiwan and the World，頁193-210