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- W2921400567 abstract "Promotion of “clean” technologies is among the main challenging issues in climate policy agendas worldwide. Countries are increasingly recognising the potential role of renewable energy within a portfolio of low-carbon and cost-competitive energy technologies capable of responding to the emerging major challenges of climate change, energy security, and access to energy.Moreover, as a global problem, climate change requires international mitigation policies. These originate alterations in world energy prices and lead to a re-composition of global energy demand, with a substantial radical change in the energy productive mix. Top-down models have a very reliable macro-economic structure, with interdependences at sectorial and regional level but they present a very poor detailed number of energy technologies within each sector.This paper suggests a newly modified CGE model and database enriched with a range of clean energy alternative technologies. The starting point is the ICES (Inter-temporal Computable Equilibrium System) model, which is a recursive-dynamic multi-regional general equilibrium model, based on the GTAP dataset and GTAP-E model.External data are used to split selected GTAP7 database sectors in order to isolate six new energy commodities: solar, wind and hydro electricity, mainly used in power generation. This higher detailed picture of energy sector proposed can give important insights on how inter-fuel substitution, governed by price signals, determines the composition of energy mix and their evolution across time. Referring to this, the paper presents a baseline scenario which reproduces the historical economic trend until 2020 reflecting occurrence and evolution of financial crisis for the EU27 and the rest of the world grouped in 8 regions. Moreover, a climate policy scenario is proposed focusing on the cost-efficient solution in coordinated action under low pledges of the Copenhagen agreement in a world CO2 market." @default.
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- W2921400567 date "2011-04-15" @default.
- W2921400567 modified "2023-09-27" @default.
- W2921400567 title "Extending energy portfolio with clean technologies in the ICES model." @default.
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