Book chapter
Economic Impacts of Future Changes in the Energy System - National Perspectives
University College Cork1
Energy Systems Analysis, Systems Analysis, Department of Management Engineering, Technical University of Denmark2
National Institute for Environmental Studies3
E4SMA4
Norwegian University of Science and Technology5
Energy Research Centre of the Netherlands6
Cambridge Econometrics7
University of Cape Town8
Mines Paris - PSL9
University College London10
NOVA University Lisbon11
Luleå University of Technology12
ENERIS13
Swiss Federal Institute of Technology Lausanne14
Paul Scherrer Institute15
VTT Technical Research Centre of Finland Ltd.16
Department of Management Engineering, Technical University of Denmark17
Systems Analysis, Department of Management Engineering, Technical University of Denmark18
...and 8 moreIn a climate constrained future, hybrid energy-economy model coupling gives additional insight into interregional competition, trade, industrial delocalisation and overall macroeconomic consequences of decarbonising the energy system. Decarbonising the energy system is critical in mitigating climate change.
This chapter summarises modelling methodologies developed in the ETSAP community to assess economic impacts of decarbonising energy systems at a national level. The preceding chapter focuses on a global perspective. The modelling studies outlined here show that burden sharing rules and national revenue recycling schemes for carbon tax are critical for the long-term viability of economic growth and equitable engagement on combating climate change.
Traditional computable general equilibrium models and energy systems models solved in isolation can misrepresent the long run carbon cost and underestimate the demand response caused by technological paradigm shifts in a decarbonised energy system. The approaches outlined within have guided the first evidence based decarbonisation legislation and continue to provide additional insights as increased sectoral disaggregation in hybrid modelling approaches is achieved.
Language: | English |
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Publisher: | Springer |
Year: | 2015 |
Pages: | 359-387 |
Series: | Lecture Notes in Energy |
Journal subtitle: | Insights From Scenario Analysis Increasing the Evidence Base |
ISBN: | 3319165399 , 3319165402 , 9783319165394 and 9783319165400 |
ISSN: | 21951284 |
Types: | Book chapter |
DOI: | 10.1007/978-3-319-16540-0_20 |
ORCIDs: | Karlsson, Kenneth |