The MIT EPPA6 Model: Economic Growth, Energy Use, and Food Consumption

Y.-H. Henry Chen, Sergey Paltsev, John Reilly and Jennifer Morris

No 332461, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: The MIT Economic Projection and Policy Analysis (EPPA) model has been broadly applied on energy and climate policy analyses. In this paper, we present our newest model: EPPA6-L. Besides adopting the GTAP8 database as the core economic data, EPPA6-L incorporates the latest energy, emissions, and cost estimates from existing studies, and enhances the model structure and implementation to facilitate future extension. With these improvements, the projected business-asusual CO2 emissions in 2100 are lowered by 6.3% compared to the EPPA5 number. We also present how projections for the consumption of crops, livestock, and food products are improved with nonhomothetic preference, and how various assumptions for business-as-usual GDP growth, elasticity of substitution between energy and non-energy input, and autonomous energy efficiency improvement may change CO2 emissions and prices.

Keywords: Resource/Energy Economics and Policy; Food Consumption/Nutrition/Food Safety (search for similar items in EconPapers)
Pages: 44
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:332461

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