Literature Review of Energy-Economics Models, Regarding Technological Change and Uncertainty
AbstractThe power sector contributes with more than one third of the anthropogenic green house gas (GHG) emissions, and therefore it is a relevant target for climate change mitigation measures. However, its technological evolution is co-dependent with many other complex phenomena, such as climate policies, energy investment, natural resources availability, social and political change, among others. In order to create the appropriate policies that help us to adopt low carbon energy technologies, it is necessary to understand how these uncertain phenomena interact, and what are the implications in terms of carbon emissions. This paper is an overview of some of the energy-economic models available to study the evolution of the power sector, with particular emphasis in the uncertain drivers of technological change, and the consequent impacts on GHG emissions.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University of Cambridge, Department of Land Economy, Cambridge Centre for Climate Change Mitigation Research in its series 4CMR Working Paper Series with number 003.
Length: 14 pages
Date of creation: Oct 2013
Date of revision:
Energy Modelling; Technological Change; Uncertainty;
Find related papers by JEL classification:
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
- Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-11-09 (All new papers)
- NEP-ENE-2013-11-09 (Energy Economics)
- NEP-ENV-2013-11-09 (Environmental Economics)
- NEP-REG-2013-11-09 (Regulation)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Benson Honig & Miri Lerner & Yoel Raban, 2006. "Social Capital and the Linkages of High-Tech Companies to the Military Defense System: Is there a Signaling Mechanism?," Small Business Economics, Springer, vol. 27(4), pages 419-437, December.
- Tooraj Jamasb, 2007. "Technical Change Theory and Learning Curves: Patterns of Progress in Electricity Generation Technologies," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 51-72.
- Paddock, James L & Siegel, Daniel R & Smith, James L, 1988. "Option Valuation of Claims on Real Assets: The Case of Offshore Petroleum Leases," The Quarterly Journal of Economics, MIT Press, vol. 103(3), pages 479-508, August.
- Paul Romer, 1989.
"Endogenous Technological Change,"
NBER Working Papers
3210, National Bureau of Economic Research, Inc.
- Mercure, Jean-François & Salas, Pablo, 2012. "An assessement of global energy resource economic potentials," Energy, Elsevier, vol. 46(1), pages 322-336.
- Terry Barker and S. Serban Scrieciu, 2010. "Modeling Low Climate Stabilization with E3MG: Towards a 'New Economics' Approach to Simulating Energy-Environment-Economy System Dynamics," The Energy Journal, International Association for Energy Economics, vol. 0(Special I).
- Fouquet, Roger, 2010.
"The slow search for solutions: Lessons from historical energy transitions by sector and service,"
Elsevier, vol. 38(11), pages 6586-6596, November.
- Roger Fouquet, 2010. "The Slow Search for Solutions: Lessons from Historical Energy Transitions by Sector and Service," Working Papers 2010-05, BC3.
- Michael Grubb, Carlo Carraro and John Schellnhuber, 2006. "Technological Change for Atmospheric Stabilization: Introductory Overview to the Innovation Modeling Comparison Project," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 1-16.
- Gregory F. Nemet, 2012. "Subsidies for New Technologies and Knowledge Spillovers from Learning by Doing," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 31(3), pages 601-622, 06.
- Bosetti, Valentina & Tavoni, Massimo, 2009.
"Uncertain R&D, backstop technology and GHGs stabilization,"
Elsevier, vol. 31(Supplemen), pages S18-S26.
- Valentina Bosetti & Massimo Tavoni, 2007. "Uncertain R&D, Backstop Technology and GHGs Stabilization," Working Papers 2007.6, Fondazione Eni Enrico Mattei.
- Shilpa Rao, Ilkka Keppo and Keywan Riahi, 2006. "Importance of Technological Change and Spillovers in Long-Term Climate Policy," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 123-140.
- Gritsevskyi, Andrii & Nakicenovi, Nebojsa, 2000. "Modeling uncertainty of induced technological change," Energy Policy, Elsevier, vol. 28(13), pages 907-921, November.
- Terry Barker & Annela Anger & Unnada Chewpreecha & Hector Pollitt, 2012. "A new economics approach to modelling policies to achieve global 2020 targets for climate stabilisation," International Review of Applied Economics, Taylor & Francis Journals, vol. 26(2), pages 205-221, October.
- Baker, Erin & Adu-Bonnah, Kwame, 2008. "Investment in risky R&D programs in the face of climate uncertainty," Energy Economics, Elsevier, vol. 30(2), pages 465-486, March.
- Carraro, Carlo & Galeotti, Marzio, 1997. "Economic growth, international competitiveness and environmental protection: R & D and innovation strategies with the WARM model," Energy Economics, Elsevier, vol. 19(1), pages 2-28, March.
- Siemek, Jakub & Nagy, Stanislaw & Rychlicki, Stanislaw, 2003. "Estimation of natural-gas consumption in Poland based on the logistic-curve interpretation," Applied Energy, Elsevier, vol. 75(1-2), pages 1-7, May.
- Black, Fischer & Scholes, Myron S, 1973. "The Pricing of Options and Corporate Liabilities," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 637-54, May-June.
- Sedmak, Michael R. & Zampelli, Ernest M., 1979. "Determination of the optimal solar investment decision criterion," Energy, Elsevier, vol. 4(4), pages 663-683.
- Hope, Chris W., 2011. "The social cost of CO2 from the PAGE09 model," Economics Discussion Papers 2011-39, Kiel Institute for the World Economy.
- Jonathan Kohler, Michael Grubb, David Popp and Ottmar Edenhofer , 2006. "The Transition to Endogenous Technical Change in Climate-Economy Models: A Technical Overview to the Innovation Modeling Comparison Project," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 17-56.
- J. F. Mercure & P. Salas, 2012. "An assessement of global energy resource economic potentials," Papers 1205.4693, arXiv.org, revised Aug 2012.
- Mercure, Jean-François, 2012. "FTT:Power : A global model of the power sector with induced technological change and natural resource depletion," Energy Policy, Elsevier, vol. 48(C), pages 799-811.
- Sabine Messner, 1997. "Endogenized technological learning in an energy systems model," Journal of Evolutionary Economics, Springer, vol. 7(3), pages 291-313.
- Ottmar Edenhofer, Kai Lessmann, Claudia Kemfert, Michael Grubb and Jonathan Kohler , 2006. "Induced Technological Change: Exploring its Implications for the Economics of Atmospheric Stabilization: Synthesis Report from the Innovation Modeling Comparison Project," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 57-108.
- Richard Loulou & Maryse Labriet, 2008. "ETSAP-TIAM: the TIMES integrated assessment model Part I: Model structure," Computational Management Science, Springer, vol. 5(1), pages 7-40, February.
- Messner, Sabine & Schrattenholzer, Leo, 2000. "MESSAGE–MACRO: linking an energy supply model with a macroeconomic module and solving it iteratively," Energy, Elsevier, vol. 25(3), pages 267-282.
- van Vuuren, Detlef P. & van Vliet, Jasper & Stehfest, Elke, 2009. "Future bio-energy potential under various natural constraints," Energy Policy, Elsevier, vol. 37(11), pages 4220-4230, November.
- Blanford, Geoffrey J., 2009. "R&D investment strategy for climate change," Energy Economics, Elsevier, vol. 31(Supplemen), pages S27-S36.
- Rout, Ullash K. & Blesl, Markus & Fahl, Ulrich & Remme, Uwe & Voß, Alfred, 2009. "Uncertainty in the learning rates of energy technologies: An experiment in a global multi-regional energy system model," Energy Policy, Elsevier, vol. 37(11), pages 4927-4942, November.
- Keswani, Aneel & Shackleton, Mark B., 2006. "How real option disinvestment flexibility augments project NPV," European Journal of Operational Research, Elsevier, vol. 168(1), pages 240-252, January.
- Webster, Mort & Paltsev, Sergey & Reilly, John, 2008. "Autonomous efficiency improvement or income elasticity of energy demand: Does it matter?," Energy Economics, Elsevier, vol. 30(6), pages 2785-2798, November.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Aleix Altimiras-Martin).
If references are entirely missing, you can add them using this form.