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Yanfei Li

Research Fellow


Dr Yanfei Li is an Associate Professor with Hunan University of Technology and Business. He is also currently a Research Fellow with the Economic Research Institute for ASEAN and East Asia (ERIA), an international economic policy think tank. He specializes in energy markets, energy policy, and economics of technological change, serving the interests of both academic and public sectors. Dr Li’s current research covers regional natural gas trade and market integration, regional power infrastructure planning and electricity trade, economic and environmental assessment of energy technologies, hydrogen economy, and energy-economy-environment modelling. His academic research appears on top energy and economics journals such as Energy Economics, Energy Policy, Renewable Energy, International Journal of Hydrogen Energy, and Technological Forecasting and Social Changes. He also contributes opinion articles to public media such as South China Morning Post, the Diplomat, China Daily, the Nikkei Asian Review, and the ASEAN Post. He acquired PhD in Economics from Nanyang Technological University in Singapore and Bachelor’s degree in Economics from Peking University in Beijing. 

  • Energy and Environmental Economics
  • Energy Markets, Energy Policy, and Economics of Technological Change
  • Serving both Academic and Consulting Constituents
ERIA Publications
ERIA Chapters
Select Publications
  • ASEAN Centre for Energy, Hydrogen in ASEAN: Economic Prospects, Development, and Applications, edited by B. Suryadi, A. G. Bhaskoro, Suwanto, andLi, Jakarta, Aug 2021.
  • Li,J. Tan, Strategic Cooperation among China, Mongolia, Japan and South Korea in Developing Green Hydrogen,Sino-Global Energy, 2021, 26(8): 1-10.
  • 谭建生,李谚斐,碳中和背景下中蒙日韩绿氢战略合作构想[J], 电力决策与舆情参考, 21, 14-24.
  • 谭建生,李谚斐,碳中和及内蒙治沙背景下中蒙日韩绿氢战略合作构想[J], 综研快参,2021, 321(4), 1-16.
  • Li,H. Jiang, F. Taghizadeh-Hesary, and W. Wu, Review on the Economics of Hydrogen Production Technology from Renewable Energy and Its Application Evaluation in ASEAN (in Chinese),Journal of Global Energy Interconnection, 2021, 4(3): 292-300.
  • Liand S. Kimura, Economic Competitiveness and Environmental Implications of Hydrogen Energy and Fuel Cell Electric Vehicles in ASEAN Countries: The Current and Future Scenarios,Energy Policy, Volume 148, Part B,January 2021, 111980.
  • Liand F. Taghizadeh-Hesary, Energy Prices and the Economic Feasibility of Using Hydrogen Energy for Road Transport in the People?s Republic of China,ADBI Working Paper, September 2020.
  • Liand F. Taghizadeh-Hesary, Energy Storage for Renewable Energy Integration in ASEAN and East Asian Countries: Prospects of Hydrogen as an Energy Carrier vs. Other Alternatives, ERIA Research Project Report 2020 No.9, September 2020.
  • Li,T. F. Rakhmah, andJ. Wada,Market Design for Multilateral Trade of Electricity in ASEAN: A Survey of? the Key Components and Feasibility,Asian Economic Papers, 2020, Volume 19 (1), pp.43-60.
  • Shi, X. Liao,Y. Li, Quantification of fresh water consumption and scarcity footprints of hydrogen from water electrolysis: A methodology framework,Renewable Energy, 2020, Volume 154, pp. 786-796.
  • Li; Q. Ji; D. Zhang; Technological catching up and innovation policies in China: What is behind this largely successful story?Technological Forecasting and Social Change, 2020, 153: 119918.
  • Li, Y. Chang, Road transport electrification and energy security in the Association of Southeast Asian Nations: Quantitative analysis and policy implications,Energy Policy, 2019, Volume 129, pp. 805-815.
  • Her, Y. Chang, Y. Chun,Y. Li, A Cooperative Game Theoretic Approach on the Stability of the ASEAN Power Grid,Energy Economics, 2018, Volume 75, pp. 492-502.
  • Li, D. Zhang, Innovation Policy in China,Innovation Policy in ASEAN, edited by Masahito Ambashi, Economic Research Institute for ASEAN and East Asia, Jakarta, 2018.
  • Li, Sustainably Developed ASEAN: The Next 50 Years, in Chapter 6: Sustainably Developed ASEAN, ASEAN Future Forward: Anticipating the Next 50 Years, edited by Mari Elka Pangestu and Rastam Mohd Isa, Published byInstitute of Strategic and International Studies (ISIS), Kuala Lumpur, Malaysia, 2017.
  • F. Rakhmah,Y. Li, A Review on Institutional Framework, Principles, and Key Elements for Integrated Electricity Market: Implications for ASEAN, Economic Research Institute for ASEAN and East Asia (ERIA) Working Papers, October 2016, DP-2016-26.
  • Shi,Y. Li, E. Reshetova, Bottom-up design of a gas futures market in East Asia: Lessons from the Dojima rice exchange,Natural Gas Industry B, 2016, 3 (4), 377-386.
  • Kimura, S. Kimura, Y. Chang,Y. Li, Financing renewable energy in the developing countries of the East Asia Summit region: Introduction,Energy Policy, 2016, Volume 95, Pages 421-426.
  • Chang, Z. Fang, andY. Li, Renewable energy policies in promoting financing and investment among the East Asia Summit countries: Quantitative assessment and policy implications,Energy Policy, 2016, Volume 95, pp. 427-436.
  • Liand Y. Chang, Infrastructure investments for power trade and transmission in ASEAN + 2: Costs, benefits, long-term contracts and prioritized developments,Energy Economics, 2015, Volume 51, pp. 484-492.
  • Liand R. Kochhan, Policies and Business Models for the Electric Mobility Revolution: The Case Study on Singapore, Singapore Economic Review, 20 November 2015, DOI: 10.1142/S021759081550109X
  • Chang andY. Li, Renewable Energy and Policy Options in an Integrated ASEAN Electricity Market: Quantitative Assessments and Policy Implications,Energy Policy, 2015, Vol.85, pp. 39-49.
  • Investing in Power Grid Interconnection in East Asia, ERIA Research Project Report 2013-23, Edited by I. Kutani andLi, Economic Research Institute for ASEAN and East Asia, Jakarta, 2014.
  • Chang andY. Li. Power Generation and Cross-border Grid Planning for the Integrated ASEAN Electricity Market: A Dynamic Linear Programming Model,Energy Strategy Reviews, 2(2), pp. 153-160, 2013.
  • Chang andY. Li, Rapid Growth at What Cost? Impact of Energy Efficiency Policies in Developing Economies,End of Electricity Demand Growth: How energy efficiently can put an end to the need for more power plants, Edited by Fereidoon P. Sioshansi, Elsvier, 2013.
  • Chang andY. Li, "The Singapore Electricity Market: From Partial to Full Competition",Evolution of Global Electricity Markets, Edited by F. P. Sioshansi, Elsevier, 2013.
  • Liand W.M. Chia, Information and Communication Technology and Economic Growth of Four Asian Industrialized Economies,Innovation, clusters and economic growth in Asia, Edited by SenEriksson, Edward Elgar, 2013.
  • Chang andY. Li, An Integrated Asian Natural Gas Market: Potentials and Policy Implications,Energy Market Integration in East Asia: Deepen Understanding and Move Forward, Edited by Y. Wu, X. Shi and F. Kimura, Routledge, 2013.
  • Y. Li, S.T. Yao, and W.M. Chia, Demand Uncertainty, Information Processing Ability, and Endogenous Firm: Another Perspective on the Impact of ICT,Nankai Business Review International, Emerald, Vol.4, 2011.

Outreach Activities
  1. Hydrogen as a clean fuel for transportation, the ASEAN Post, 7 Oct 2019
  2. ASEAN Sets New Momentum Moving Towards an Integrated Electricity Market in the Region, ERIA, Oct 2018
  3. Hydrogen on the rise as clean fuel, China Daily, Sept 2018
  4. Understanding China's Technological Rise, the Diplomat, Aug 2018
  5. A Chinese Model for Global Leadership? The Diplomat, Feb 2018
  6. Can China’s Belt and Road plan bring Chinese-style prosperity to developing nations? South China Morning Post, Aug 2017
  7. Services the next frontier in Asian energy revolution, Nikkei Asian Review, May 2017
  8. Can ‘New’ Keynesianism Save the Chinese Economy? The Diplomat, 6 March 2016
  9. As use of nuclear energy grows more widespread in Asia, transparency should be key, South China Morning Post, 9 Aug 2015
  10. Industry 4.0 and Energy 4.0 for Southeast Asiathe Diplomat, 21 May 2015
  11. Challenge the Barriers to Power Grid Interconnection in ASEAN and East Asia Countries, ERIA Frames, Vol.2, No.2, Economic Research Institute for ASEAN and East Asia, Jakarta, Mar-Apr 2015