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

    8 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
    Volume30

    Keywords

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

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