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GTAP Resource #3525

"Modelling Energy Futures: A CGE framework for investigating investment in renewable energy applied to the EU electricity sector"
by Pycroft, Jonathan and Helene Maisonnave

The paper addresses the issue of introducing renewable energy production into a CGE framework. This involves enabling a small sector (renewable energy production) to grow more rapidly than would occur under the standard model assumptions. In this paper, the PEP single region, recursive dynamic model is used. The code has been adjusted to introduce different investment functions. The simulations involve subsidies given to the purchase of renewable capital equipment. The different responses under different investment functions are compared. The model is parameterised to investigate the EU. The functional forms offered in this paper offer suggestions as to how improvements could be made to investigate new investment in emerging industries.

Resource Details (Export Citation) GTAP Keywords
Category: 2011 Conference Paper
Status: Published
By/In: Presented at the 14th Annual Conference on Global Economic Analysis, Venice, Italy
Date: 2011
Created: Pycroft, J. (4/12/2011)
Updated: Pycroft, J. (6/15/2011)
Visits: 1,630
- Climate change policy
- Dynamic modeling
- European Union

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