Simulating emissions intensity targets with energy economic models: algorithm and application

Simulating emissions intensity targets with energy economic models: algorithm and application

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Article ID: iaor20173158
Volume: 255
Issue: 1
Start Page Number: 141
End Page Number: 155
Publication Date: Aug 2017
Journal: Annals of Operations Research
Authors: , , ,
Keywords: simulation, government
Abstract:

Pressure on developing economies to make quantifiable emissions reduction commitments has led to the introduction of intensity based emissions targets, where reductions in emissions are specified with reference to some measure of economic output. The Copenhagen commitments of China and India are two prominent examples. Intensity targets substantially increase the complexity of policy simulation and analysis, because a given emissions intensity target could be satisfied with a range of emissions and output combinations. Here, a simple algorithm, the Iterative Method, is proposed for an energy economic model to find a unique policy solution that achieves an emissions intensity target at minimum economic loss. We prove the mathematical properties of the algorithm, and compare its numerical performance with other methods’ in the existing literature.

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