Promoting Renewable Energy in Europe: A Hybrid Computable General Equilibrium Approach

Christoph Böhringer and Andreas Löschel
Authors registered in the RePEc Author Service: Andreas Löschel

The Energy Journal, 2006, vol. 27, issue 2_suppl, 135-150

Abstract: We illustrate the use of a large-scale computable general equilibrium model to investigate the economic and environmental effects of renewable energy promotion within the European Union. Our hybrid model incorporates the technological explicitness of bottom-up energy system models for the electricity sector while production possibilities in other sectors are described at an aggregate level through top-down constant-elasticities-of-substitution (transformation) functions. The discrete activity analysis of technology options within conventional top-down computable general equilibrium models is possible when adopting the so-called mixed complementarity problem approach - a flexible mathematical representation of market equilibrium conditions which accommodates weak inequalities and complementary slackness.

Keywords: Hybrid CGE model; EU; Renewable energy; Climate policy (search for similar items in EconPapers)
Date: 2006
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Journal Article: Promoting Renewable Energy in Europe: A Hybrid Computable General Equilibrium Approach (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:enejou:v:27:y:2006:i:2_suppl:p:135-150

DOI: 10.5547/ISSN0195-6574-EJ-VolSI2006-NoSI2-7

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