Simulating climate and energy policy with agent-based modelling

Simulating climate and energy policy with agent-based modelling: The Energy Modelling Laboratory (EMLab)

Chappin, E.J.L. (TU Delft Energie and Industrie; Wuppertal Institute for Climate)
De Vries, Laurens (TU Delft Energie and Industrie)
Richstein, J.C. (TU Delft Energie and Industrie; Deutsches Institut für Wirtschaftsforschung)
Bhagwat, P.C. (TU Delft Energie and Industrie; University of Florence)
Iychettira, K.K. (TU Delft Energie and Industrie)
Khan, A.S.M. (TU Delft Energie and Industrie)

2017

We present an approach to simulate climate and energy policy for the EU, using a flexible and modular agent-based modelling approach and a toolbox, called the Energy Modelling Laboratory (EMLab). The paper shortly reviews core challenges and approaches for modelling climate and energy policy in light of the energy transition. Afterwards, we present an agent-based model of investment in power generation that has addressed a variety of European energy policy questions. We describe the development of a flexible model core as well as modules on carbon and renewables policies, capacity mechanisms, investment behaviour and representation of intermittent renewables. We present an overview of modelling results, ongoing projects, a case study on current reforms of the EU ETS, and we show their relevance in the EU context.

Agent-based modelling
Energy and climate policy
Energy modelling laboratory
Energy transition
Investment

http://resolver.tudelft.nl/uuid:63cab4ee-1630-42df-900b-6ed07b9d7b4c

https://doi.org/10.1016/j.envsoft.2017.07.009

2019-08-18

1364-8152

Environmental Modelling & Software, 96, 421-431

Institutional Repository

journal article

© 2017 E.J.L. Chappin, Laurens De Vries, J.C. Richstein, P.C. Bhagwat, K.K. Iychettira, A.S.M. Khan