DEVELOPMENT OF COMPUTABLE GENERAL EQUILIBRIUM MODEL INCORPORATING BOTTOM-UP ENERGY DEVICE INFORMATION

Abstract

 The energy model which is used for the assessment of climate mitigation policy can be classified into two types; namely top-down and bottom-up model. Both types of models have advantages and disadvantages. However, due to the computational and model management resources the trials to integrate them are very limited. This study developed model which fully integrates those two types of model. In this paper we explain the methodology of the model development and show the application of this model to climate mitigation analysis. The results are mainly analyzed by comparing previous and newly proposed methodology. The sensitivity to energy price of energy consumption is relatively lower in new model than those of previous model and it makes GHG emission price higher. We carried out a sensitivity analysis on a key parameter which determines energy device selection and the results show that energy consumption and the emission price seemed to be stabilized at certain level even if the parameter is increased.