TY - CHAP

T1 - Energy-economy-environment modelling

T2 - A survey

AU - Kemfert, Claudia

AU - Truong, Truong

PY - 2009/9/30

Y1 - 2009/9/30

N2 - Concern about fossil-fuel resource depletion in the early 1970s has led to the develop-ment of theoretical and applied economic models of energy–economy linkages with a detailed representation of the energy market. Pioneering energy–economy modelling eff orts focused primarily on the representation of scarce resources such as oil and its impact on world economies. More recently, not only the scarcity of energy resources, but also other natural resources in the environment played a major role in economic model-ling. The complexity of models has increased considerably, especially in areas relating to global environmental issues such as acid rain, ozone depletion and climate change. Take the issue of climate change as an example. Here, it is generally agreed (or assumed) that one of the important cause of this likely phenomenon is anthropogenic greenhouse gas (GHG) emissions which originate mainly from fossil-fuel consumption. To prevent or mitigate against this likely event, integrated energy–environmental strategies and policies are required which need to take into account the complex interactions between climate, ecological and economic systems. Such integrated policies and strategies are often studied within the framework of the so-called integrated assessment modelling (IAM) approach.1 Existing literature on IAM focuses mainly on a comparison of modelling results.2 The aim of this chapter is to provide an overview of the theoretical backgrounds, the methodologies and model designs. Section 2 explains the theories and general meth-odologies of diff erent models, and Section 3 looks at applied models. Section 4 considers some specifi c issues such as energy substitutability and the role of energy and environ-ment resources in economic models, as well as providing a brief survey of existing major energy–economy–environment models, and Section 5 concludes

AB - Concern about fossil-fuel resource depletion in the early 1970s has led to the develop-ment of theoretical and applied economic models of energy–economy linkages with a detailed representation of the energy market. Pioneering energy–economy modelling eff orts focused primarily on the representation of scarce resources such as oil and its impact on world economies. More recently, not only the scarcity of energy resources, but also other natural resources in the environment played a major role in economic model-ling. The complexity of models has increased considerably, especially in areas relating to global environmental issues such as acid rain, ozone depletion and climate change. Take the issue of climate change as an example. Here, it is generally agreed (or assumed) that one of the important cause of this likely phenomenon is anthropogenic greenhouse gas (GHG) emissions which originate mainly from fossil-fuel consumption. To prevent or mitigate against this likely event, integrated energy–environmental strategies and policies are required which need to take into account the complex interactions between climate, ecological and economic systems. Such integrated policies and strategies are often studied within the framework of the so-called integrated assessment modelling (IAM) approach.1 Existing literature on IAM focuses mainly on a comparison of modelling results.2 The aim of this chapter is to provide an overview of the theoretical backgrounds, the methodologies and model designs. Section 2 explains the theories and general meth-odologies of diff erent models, and Section 3 looks at applied models. Section 4 considers some specifi c issues such as energy substitutability and the role of energy and environ-ment resources in economic models, as well as providing a brief survey of existing major energy–economy–environment models, and Section 5 concludes

KW - Economics

UR - http://www.scopus.com/inward/record.url?scp=84881918569&partnerID=8YFLogxK

U2 - 10.4337/9781849801997.00020

DO - 10.4337/9781849801997.00020

M3 - Chapter

AN - SCOPUS:84881918569

SN - 9781847203526

SN - 9781849801997

SP - 367

EP - 382

BT - International Handbook on the Economics of Energy

A2 - Evans, Joanne

A2 - Hunt, Lester C.

PB - Edward Elgar Publishing

ER -