A Critical Assessment of Energy - economy - climate Models for Policy Analysis
Journal article, 2013

Energy-economy-climate models are used extensively in the policy debate to address issues on energy planning and climate mitigation scenarios. We present an overview of types of models commonly used in policy processes, and we analyze some of the main mechanisms in these models. For example, parameterization of aspects such as technology diffusion and intangible and transaction costs may have great importance for the results and the dynamics of the model. We also find that model comparison papers tend to offer little qualitative insight into the effect of different model approaches and mechanisms. Finally, an extensive sensitivity analysis and a skilled modeling team are of key importance for the usefulness of these kinds of models as policy input.

Energy system model

climate mitigation

Author

Fredrik Hedenus

Chalmers, Energy and Environment, Physical Resource Theory

Daniel Johansson

Chalmers, Energy and Environment, Physical Resource Theory

Kristian Lindgren

Chalmers, Energy and Environment, Physical Resource Theory

Journal of Applied Economics and Business Research

1927-033X (ISSN)

Vol. 3 2 118-132

Driving Forces

Sustainable development

Areas of Advance

Energy

Subject Categories

Energy Systems

More information

Created

10/8/2017