GTAP Resources: Resource Display
GTAP Resource #3525 |
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"Modelling Energy Futures: A CGE framework for investigating investment in renewable energy applied to the EU electricity sector" by Pycroft, Jonathan and Helene Maisonnave Abstract 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. |
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- Climate change policy - Dynamic modeling - European Union |
Attachments |
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Public Access Modelling Energy Futures_GTAP 2011 (287.8 KB) Replicated: 0 time(s) Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM