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Economic Impacts of Future Changes in the Energy System—National Perspectives
In 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.
- French Institute for Research in Computer Science and Automation France
- University of Cape Town South Africa
- Technical University of Denmark Denmark
- Luleå University of Technology Sweden
- University College London United Kingdom
690, Reference Scenario, 330, [SDE.PLT]Environmental Sciences/domain_sde.plt, [ SDE.PLAN ] Environmental Sciences/domain_sde.plan, Computable General Equilibrium, SDG 8 - Decent Work and Economic Growth, Demand Response, [SDE.PLAN]Environmental Sciences/domain_sde.plan, Energy System, [ SDE.PLT ] Environmental Sciences/domain_sde.plt, [SDE.PLAN]Environmental Sciences/Energy planning, [SDE.PLT]Environmental Sciences/Long-term future, Economic Impact, Electricity Price
690, Reference Scenario, 330, [SDE.PLT]Environmental Sciences/domain_sde.plt, [ SDE.PLAN ] Environmental Sciences/domain_sde.plan, Computable General Equilibrium, SDG 8 - Decent Work and Economic Growth, Demand Response, [SDE.PLAN]Environmental Sciences/domain_sde.plan, Energy System, [ SDE.PLT ] Environmental Sciences/domain_sde.plt, [SDE.PLAN]Environmental Sciences/Energy planning, [SDE.PLT]Environmental Sciences/Long-term future, Economic Impact, Electricity Price
citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).18 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Top 10% influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Top 10% impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Top 10%
