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

6 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

NameLecture Notes in Energy LNEN
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 LNEN, 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 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: National Perspectives. in Informing Energy and Climate Policies Using Energy Systems Models. Springer, Lecture Notes in Energy LNEN, 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 LNEN, Vol. 30).

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

TY - CHAP

T1 - Economic Impacts of Future Changes in the Energy System

T2 - National Perspectives

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.

PY - 2015/4/7

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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 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.

AB - 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.

KW - Energy System

KW - Electricity Price

KW - Computable General Equilibrium

KW - Demand Response

KW - Reference Scenario

U2 - 10.1007/978-3-319-16540-0_20

DO - 10.1007/978-3-319-16540-0_20

M3 - Chapter or book article

SN - 978-3-319-16539-4

T3 - Lecture Notes in Energy LNEN

SP - 359

EP - 387

BT - Informing Energy and Climate Policies Using Energy Systems Models

PB - Springer

ER -

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 LNEN, Vol. 30). https://doi.org/10.1007/978-3-319-16540-0_20