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

    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 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

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    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., Lehtilä, A., Mischke, P., Dai, H., Gargiulo, M., Helgesen, P. I., Kober, T., Summerton, P., Merven, B., Selosse, S., Karlsson, K., Strachan, N., & 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