EconPapers    
Economics at your fingertips  
 

A review of agent‐based modeling of climate‐energy policy

Juana Castro, Stefan Drews, Filippos Exadaktylos, Joël Foramitti, Franziska Klein, Théo Konc, Ivan Savin and Jeroen van den Bergh

Wiley Interdisciplinary Reviews: Climate Change, 2020, vol. 11, issue 4

Abstract: Agent‐based models (ABMs) have recently seen much application to the field of climate mitigation policies. They offer a more realistic description of micro behavior than traditional climate policy models by allowing for agent heterogeneity, bounded rationality and nonmarket interactions over social networks. This enables the analysis of a broader spectrum of policies. Here, we review 61 ABM studies addressing climate‐energy policy aimed at emissions reduction, product and technology diffusion, and energy conservation. This covers a broad set of instruments of climate policy, ranging from carbon taxation, and emissions trading through adoption subsidies to information provision tools such as smart meters and eco‐labels. Our treatment pays specific attention to behavioral assumptions and the structure of social networks. We offer suggestions for future research with ABMs to answer neglected policy questions. This article is categorized under: Climate Economics > Economics of Mitigation

Date: 2020
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1002/wcc.647

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:wirecc:v:11:y:2020:i:4:n:e647

Access Statistics for this article

More articles in Wiley Interdisciplinary Reviews: Climate Change from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2022-01-18
Handle: RePEc:wly:wirecc:v:11:y:2020:i:4:n:e647