Agent-Based Modelling of EU Energy and Climate Policy: Investment, Uncertainty and Policy Imperfections

We simulate climate and energy policy for the EU using a flexible and modular agent-based modelling approach, we named Energy Modelling Laboratory (EMLab). The agent-based model focuses on investment in power generation and studies long run effects of various interacting European energy policies, and incorporates differences between countries....

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

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...