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Fortes, P., Pereira, R., Pereira, A. & Seixas, J. (2014). Integrated technological-economic modeling platform for energy and climate policy analysis. Energy. 73, 716-730

P. Fortes et al.,  "Integrated technological-economic modeling platform for energy and climate policy analysis", in Energy, vol. 73, pp. 716-730, 2014

@article{fortes2014_1714670717632,
	author = "Fortes, P. and Pereira, R. and Pereira, A. and Seixas, J.",
	title = "Integrated technological-economic modeling platform for energy and climate policy analysis",
	journal = "Energy",
	year = "2014",
	volume = "73",
	number = "",
	doi = "10.1016/j.energy.2014.06.075",
	pages = "716-730",
	url = "http://www.sciencedirect.com/science/article/pii/S0360544214007749"
}

TY  - JOUR
TI  - Integrated technological-economic modeling platform for energy and climate policy analysis
T2  - Energy
VL  - 73
AU  - Fortes, P.
AU  - Pereira, R.
AU  - Pereira, A.
AU  - Seixas, J.
PY  - 2014
SP  - 716-730
SN  - 0360-5442
DO  - 10.1016/j.energy.2014.06.075
UR  - http://www.sciencedirect.com/science/article/pii/S0360544214007749
AB  - CGE (computable general equilibrium) and bottom-up models each have unique strengths and weakness in evaluating energy and climate policies. This paper describes the development of an integrated technological, economic modeling platform (HYBTEP), built through the soft-link between the bottom-up TIMES (The Integrated MARKAL-EFOM system) and the CGE GEM-E3 models. HYBTEP combines cost minimizing energy technology choices with macroeconomic responses, which is essential for energy-climate policy assessment. HYBTEP advances on other hybrid tools by assuming 'full-form' models, integrating detailed and extensive technology data with disaggregated economic structure, and 'full-link', i.e., covering all economic sectors. Using Portugal as a case study, we examine three scenarios: (i) the current energy-climate policy, (ii) a CO2 tax, and (iii) renewable energy subsidy, with the objective of assessing the advantages of HYBTEP vis-a-vis bottom-up approach. Results show that the economic framework in HYBTEP partially offsets the increase or decrease in energy costs from the policy scenarios, while TIMES is very sensitive to energy services-price elasticities, setting a wide range of results. HYBTEP allows the computation of the economic impacts of policies in a technological detailed environment. The hybrid platform increases transparency of policy analysis by making explicit the mechanisms through which energy demand evolves, resulting in high confidence for decision-making.
ER  -