Linking energy system and macroeconomic growth models

被引：45

作者：

Bauer N. ^{[1
,2
]}

Edenhofer O. ^{[3
]}

Kypreos S. ^{[2
]}

机构：

[1] Fondazione ENI Enrico Mattei (FEEM), Milano 20123

[2] Energy Economics Group, General Energy Department Paul Scherrer Institute (PSI), Villigen

[3] Department for Global Change and Social Systems, Potsdam Institute for Climate Impact Research (PIK), Potsdam

来源：

Computational Management Science | 2008年 / 5卷 / 1-2期

关键词：

Capital theory; Computational economics; Energy system model; Growth model; Model coupling; Supply theory; Transition dynamics;

D O I：

10.1007/s10287-007-0042-3

中图分类号：

学科分类号：

摘要：

We compare two alternative approaches for coupling macroeconomic growth models (MGM) and energy system models (ESM). The hard-link approach integrates the techno-economics of the ESM completely into the MGM and solves one highly complex optimisation problem. The soft-link leaves the two models separate and energy supply functions are integrated into the MGM that are derived from the optimal solution of the ESM. The energy supply functions relate the price of energy computed with the ESM to the quantity of energy computed with the MGM. An iterative process exchanges price-quantity information between the models. Hence, the soft-link leads to an energy market equilibrium. But energy supply functions do not consider variable interest rates that influence the energy supply functions. This is due to the fact that ESMs are partial models that assume an exogenous interest rate; however the interest rate is computed endogenously in MGMs. This missing interaction leads to a capital market dis-equilibrium in the soft-link compared to the hard-link approach inducing a mis-allocation of investments. Extending the soft-link approach by also considering the time variable interest rate of the MGM does not improve the results. Though the computational complexity is greater the hard-link approach assures simultaneous energy and capital market equilibrium. © Springer-Verlag 2007.

引用

页码：95 / 117

页数：22

共 18 条

[1] Arrow K.J., Chenery H.B., Minhas B.S., Solow R.M., Capital-labor substitution and economic efficiency, Rev Econ Stat, 43, 3, pp. 225-250, (1961)
[2] Bauer N., Carbon Capture and Sequestration - An Option to Buy Time?, (2005)
[3] Bauer N., Edenhofer O., Macroeconomic effects of carbon capture and sequestration within a long-term transition towards a low-carbon society, 8th International Conference on Greenhouse Gas Technologies, (2006)
[4] Boehringer C., The synthesis of bottom-up and top-down in energy policy modelling, Energy Econ, 20, 3, pp. 233-248, (1998)
[5] Bosetti V., Carraro C., Galeotti M., Massetti E., Tavoni M., WITCH: A world induced technical change hybrid model, Energy J, (2006)
[6] Dorfman R., Samuelson P.A., Solow R., Linear programming and economic analysis, Dover Books on Mathematics, (1958)
[7] Drouet L., Haurie A., Labriete M., Thalmann P., Vielle M., Viguier L., A coupled bottom-up/top-down model for GHG abatement scenarios in the Swiss housing sector, Energy and Environment, (2006)
[8] Edenhofer O., Bauer N., Kriegler E., The impact of technological change on climate protection and welfare: Insights from the model MIND, Ecol Econ, 54, 2-3, pp. 277-292, (2005)
[9] Frondel M., Schmidt C.M., Facing the truth about separability: Nothing works without energy, Ecol Econ, 51, 3-4, pp. 217-223, (2004)
[10] Gerlagh R., van der Zwaan B.C.C., Options and instruments for a deep cut in CO<sub>2</sub> emissions: Carbon capture or renewables, taxes or subsidies, Energy J, 27, 3, pp. 25-48, (2006)

← 1 2 →