Simulating climate and energy policy with agent-based modelling
The Energy Modelling Laboratory (EMLab)
Emile Chappin (TU Delft - Energy and Industry, Wuppertal Institute for Climate)
Laurens de Vries (TU Delft - Energy and Industry)
JC Richstein (TU Delft - Energy and Industry, Deutsches Institut für Wirtschaftsforschung)
Pradyumna Bhagwat (University of Florence, TU Delft - Energy and Industry)
Kaveri Iychettira (TU Delft - Energy and Industry)
A.S.M. Khan (TU Delft - Energy and Industry)
More Info
expand_more
Other than for strictly personal use, it is not permitted to download, forward or distribute the text or part of it, without the consent of the author(s) and/or copyright holder(s), unless the work is under an open content license such as Creative Commons.
Abstract
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.
help_outline