Economic impacts of future changes in the energy system: Global perspectives

James Glynn, Patrícia Fortes, Anna Krook-Riekkola, Maryse Labriet, Marc Vielle, Socrates Kypreos, Antti Lehtilä, Peggy Mischke, Hancheng Dai, Maurizio Gargiulo, Per Ivar Helgesen, Tom Kober, Phil Summerton, Bruno Merven, Sandrine Selosse, Kenneth Karlsson, Neil Strachan, Brian Ó. Gallachóir

Research output: Chapter in Book/Report/Conference proceedingChapter or book articleProfessional

5 Citations (Scopus)

Abstract

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 global level. The next chapter of this book focuses on a national perspective. The range of economic impacts is regionally dependent upon the stage of economic development, the level of industrialisation, energy intensity of exports, and competition effects due to rates of relative decarbonisation. Developed nation's decarbonisation targets are estimated to result in a manageable GDP loss in the region of 2 % by 2050. Energy intensive export driven developing countries such as China and India, and fossil fuel exporting nations can expect significantly higher GDP loss of up to 5 % GDP per year by mid-century.
Original languageEnglish
Title of host publicationInforming Energy and Climate Policies Using Energy Systems Models
Subtitle of host publicationInsights from Scenario Analysis Increasing the Evidence Base
PublisherSpringer
Pages333-358
ISBN (Electronic)978-3-319-16540-0
ISBN (Print)978-3-319-16539-4
DOIs
Publication statusPublished - 7 Apr 2015
MoE publication typeD2 Article in professional manuals or guides or professional information systems or text book material

Publication series

SeriesLecture Notes in Energy LNEN
Volume30

Fingerprint

global perspective
economic impact
Gross Domestic Product
energy
macroeconomics
industrialization
fossil fuel
economic development
developing world
climate change
methodology
climate
modeling

Keywords

  • energy system
  • climate policy
  • computable general equilibrium
  • international energy agency
  • computable general equilibrium model

Cite this

Glynn, J., Fortes, P., Krook-Riekkola, A., Labriet, M., Vielle, M., Kypreos, S., ... Gallachóir, B. Ó. (2015). Economic impacts of future changes in the energy system: Global perspectives. In Informing Energy and Climate Policies Using Energy Systems Models: Insights from Scenario Analysis Increasing the Evidence Base (pp. 333-358). Springer. Lecture Notes in Energy LNEN, Vol.. 30 https://doi.org/10.1007/978-3-319-16540-0_19
Glynn, James ; Fortes, Patrícia ; Krook-Riekkola, Anna ; Labriet, Maryse ; Vielle, Marc ; Kypreos, Socrates ; Lehtilä, Antti ; Mischke, Peggy ; Dai, Hancheng ; Gargiulo, Maurizio ; Helgesen, Per Ivar ; Kober, Tom ; Summerton, Phil ; Merven, Bruno ; Selosse, Sandrine ; Karlsson, Kenneth ; Strachan, Neil ; Gallachóir, Brian Ó. / Economic impacts of future changes in the energy system : Global perspectives. Informing Energy and Climate Policies Using Energy Systems Models: Insights from Scenario Analysis Increasing the Evidence Base. Springer, 2015. pp. 333-358 (Lecture Notes in Energy LNEN, Vol. 30).
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Glynn, J, Fortes, P, Krook-Riekkola, A, Labriet, M, Vielle, M, Kypreos, S, Lehtilä, A, Mischke, P, Dai, H, Gargiulo, M, Helgesen, PI, Kober, T, Summerton, P, Merven, B, Selosse, S, Karlsson, K, Strachan, N & Gallachóir, BÓ 2015, Economic impacts of future changes in the energy system: Global perspectives. in Informing Energy and Climate Policies Using Energy Systems Models: Insights from Scenario Analysis Increasing the Evidence Base. Springer, Lecture Notes in Energy LNEN, vol. 30, pp. 333-358. https://doi.org/10.1007/978-3-319-16540-0_19

Economic impacts of future changes in the energy system : Global perspectives. / Glynn, James; Fortes, Patrícia; Krook-Riekkola, Anna; Labriet, Maryse; Vielle, Marc; Kypreos, Socrates; Lehtilä, Antti; Mischke, Peggy; Dai, Hancheng; Gargiulo, Maurizio; Helgesen, Per Ivar; Kober, Tom; Summerton, Phil; Merven, Bruno; Selosse, Sandrine; Karlsson, Kenneth; Strachan, Neil; Gallachóir, Brian Ó.

Informing Energy and Climate Policies Using Energy Systems Models: Insights from Scenario Analysis Increasing the Evidence Base. Springer, 2015. p. 333-358 (Lecture Notes in Energy LNEN, Vol. 30).

Research output: Chapter in Book/Report/Conference proceedingChapter or book articleProfessional

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T1 - Economic impacts of future changes in the energy system

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AU - Glynn, James

AU - Fortes, Patrícia

AU - Krook-Riekkola, Anna

AU - Labriet, Maryse

AU - Vielle, Marc

AU - Kypreos, Socrates

AU - Lehtilä, Antti

AU - Mischke, Peggy

AU - Dai, Hancheng

AU - Gargiulo, Maurizio

AU - Helgesen, Per Ivar

AU - Kober, Tom

AU - Summerton, Phil

AU - Merven, Bruno

AU - Selosse, Sandrine

AU - Karlsson, Kenneth

AU - Strachan, Neil

AU - Gallachóir, Brian Ó.

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N2 - 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 global level. The next chapter of this book focuses on a national perspective. The range of economic impacts is regionally dependent upon the stage of economic development, the level of industrialisation, energy intensity of exports, and competition effects due to rates of relative decarbonisation. Developed nation's decarbonisation targets are estimated to result in a manageable GDP loss in the region of 2 % by 2050. Energy intensive export driven developing countries such as China and India, and fossil fuel exporting nations can expect significantly higher GDP loss of up to 5 % GDP per year by mid-century.

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KW - energy system

KW - climate policy

KW - computable general equilibrium

KW - international energy agency

KW - computable general equilibrium model

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DO - 10.1007/978-3-319-16540-0_19

M3 - Chapter or book article

SN - 978-3-319-16539-4

T3 - Lecture Notes in Energy LNEN

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BT - Informing Energy and Climate Policies Using Energy Systems Models

PB - Springer

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Glynn J, Fortes P, Krook-Riekkola A, Labriet M, Vielle M, Kypreos S et al. Economic impacts of future changes in the energy system: Global perspectives. In Informing Energy and Climate Policies Using Energy Systems Models: Insights from Scenario Analysis Increasing the Evidence Base. Springer. 2015. p. 333-358. (Lecture Notes in Energy LNEN, Vol. 30). https://doi.org/10.1007/978-3-319-16540-0_19