Simulating climate and energy policy with agent-based modelling: The Energy Modelling Laboratory (EMLab)
Authored by Emile J L Chappin, Vries Laurens J de, Joern C Richstein, Pradyumna Bhagwat, Kaveri Iychettira, Salman Khan
Date Published: 2017
DOI: 10.1016/j.envsoft.2017.07.009
Sponsors:
European Union
Platforms:
Java
Model Documentation:
Other Narrative
Model Code URLs:
https://github.com/EMLab/emlab-generation
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. (C) 2017
Elsevier Ltd. All rights reserved.
Tags
Agent-based modelling
Energy transition
investment
System
Energy and climate policy
Energy modelling laboratory