Economic Impacts of Future Changes in the Energy System: National 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

    7 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 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.
    Original languageEnglish
    Title of host publicationInforming Energy and Climate Policies Using Energy Systems Models
    PublisherSpringer
    Pages359-387
    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

    Fingerprint

    economic impact
    energy
    modeling
    pollution tax
    computable general equilibrium analysis
    global perspective
    climate change
    paradigm shift
    macroeconomics
    economic growth
    legislation
    viability
    recycling
    methodology
    carbon
    climate
    cost

    Keywords

    • Energy System
    • Electricity Price
    • Computable General Equilibrium
    • Demand Response
    • Reference Scenario

    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: National Perspectives. In Informing Energy and Climate Policies Using Energy Systems Models (pp. 359-387). Springer. Lecture Notes in Energy, Vol.. 30 https://doi.org/10.1007/978-3-319-16540-0_20
    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 : National Perspectives. Informing Energy and Climate Policies Using Energy Systems Models. Springer, 2015. pp. 359-387 (Lecture Notes in Energy, Vol. 30).
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    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 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.",
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    author = "James Glynn and Patr{\'i}cia Fortes and Anna Krook-Riekkola and Maryse Labriet and Marc Vielle and Socrates Kypreos and Antti Lehtil{\"a} and Peggy Mischke and Hancheng Dai and Maurizio Gargiulo and Helgesen, {Per Ivar} and Tom Kober and Phil Summerton and Bruno Merven and Sandrine Selosse and Kenneth Karlsson and Neil Strachan and Gallach{\'o}ir, {Brian {\'O}.}",
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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: National Perspectives. in Informing Energy and Climate Policies Using Energy Systems Models. Springer, Lecture Notes in Energy, vol. 30, pp. 359-387. https://doi.org/10.1007/978-3-319-16540-0_20

    Economic Impacts of Future Changes in the Energy System : National 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. Springer, 2015. p. 359-387 (Lecture Notes in Energy, Vol. 30).

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

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    AU - Glynn, James

    AU - Fortes, Patrícia

    AU - Krook-Riekkola, Anna

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    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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    KW - Energy System

    KW - Electricity Price

    KW - Computable General Equilibrium

    KW - Demand Response

    KW - Reference Scenario

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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: National Perspectives. In Informing Energy and Climate Policies Using Energy Systems Models. Springer. 2015. p. 359-387. (Lecture Notes in Energy, Vol. 30). https://doi.org/10.1007/978-3-319-16540-0_20