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The 2008 WITCH Model: New Model Features and Baseline

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Author Info
Enrica De Cian (Fondazione Eni Enrico Mattei)
Valentina Bosetti (Fondazione Eni Enrico Mattei, PEI Princeton University and CMCC)
Alessandra Sgobbi (Fondazione Eni Enrico Mattei and European Commission)
Massimo Tavoni (Fondazione Eni Enrico Mattei, PEI Princeton University and CMCC)
Abstract

WITCH is an energy-economy-climate model developed by the climate change group at FEEM. The model has been extensively used in the past 3 years for the economic analysis of climate change policies. WITCH is a hybrid top-down economic model with a representation of the energy sector of medium complexity. Two distinguishing features of the WITCH model are the representation of endogenous technological change and the game–theoretic set-up. Technological change is driven by innovation and diffusion processes, both of which feature international spillovers. World countries are grouped in 12 regions which interact with each other in a setting of strategic interdependence. This paper describes the updating of the base year data to 2005 and some new features: the inclusion of non-CO2 greenhouse gases and abatement options, the new specification of low carbon technologies and the inclusion of reducing emissions from deforestation and degradation.

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Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2009.85.

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Date of creation: Oct 2009
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Handle: RePEc:fem:femwpa:2009.85

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Related research
Keywords: Climate Policy; Hybrid Modelling; Integrated Assessment; Technological Change;

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Find related papers by JEL classification:
O33 - Economic Development, Technological Change, and Growth - - Technological Change - - - Technological Change: Choices and Consequences; Diffusion Processes
O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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  1. Nemet, Gregory F., 2006. "Beyond the learning curve: factors influencing cost reductions in photovoltaics," Energy Policy, Elsevier, vol. 34(17), pages 3218-3232, November. [Downloadable!] (restricted)
  2. Kahouli-Brahmi, Sondes, 2008. "Technological learning in energy-environment-economy modelling: A survey," Energy Policy, Elsevier, vol. 36(1), pages 138-162, January. [Downloadable!] (restricted)
  3. Junginger, M. & Faaij, A. & Turkenburg, W. C., 2005. "Global experience curves for wind farms," Energy Policy, Elsevier, vol. 33(2), pages 133-150, January. [Downloadable!] (restricted)
  4. 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. 28(3), pages 51-72.
  5. McDonald, Alan & Schrattenholzer, Leo, 2001. "Learning rates for energy technologies," Energy Policy, Elsevier, vol. 29(4), pages 255-261, March. [Downloadable!] (restricted)
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