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Full Description
Economic Impact of the Energy Transition: Energy-Environment-Economy Models explores and analyzes the complex nature of energy transition, the inter-relationships between energy, environment, and economy, and the use of 3E models to assess economic impact, including a new energy-environment-economy model introduced by the book's editors. The book begins by introducing energy transition and economic impacts, explaining classical macro-econometric models, input-output and CGE models, and macroeconomic models. The second part of the book focuses on energy-environment-economy (3E) models developed globally, with in-depth chapters examining GEC, E3ME, NEMS-MAM, and finally the new System of Three E-Models (STEM).
The last section of the book provides case studies demonstrating the utilization of different 3E models in various parts of the world. A final chapter carefully examines the advantages and limitations of each model, its policy implications, and considerations for empirical analysis, discusses how these can be applied, addresses the remaining challenges in the field of energy transition and economic impact analysis, and suggests directions for future research. This is a valuable resource for researchers, advanced students, faculty, scientists, engineers, analysts, policy makers, consultants, and other industry professionals with an interest in energy transition, modeling, policy, and the interconnection between energy, environment, and economy.
Contents
Section 1: Energy Transition and Economic Impacts
1. Introduction to the Impact of Energy Transition
2. Classical Macro-econometric Models
3. Input-Output and CGE Models
4. Macroeconomic Models
Section 2: Energy Transition and Energy-Environment-Economy Models
5. Fundamentals of Energy-Environment-Economy Models
6. Global Energy and Climate Model
7. E3ME
8. NEMS-MAM
9. System of Three E-Models
10. Energy-Environment Model in STEM
11. Economy Model in STEM
Section 3: Assessing the Economic Impact of Energy Transition: Empirical Studies and Policy Issues
12. Input-Output Modeling: Case Study for Asia
13. Dynamic Stochastic General Equilibrium: Case Study for Global South
14. European Case Study using E3ME
15. NEMS-MAM and the US Case Study
16. System of Three E-Models for Korea
17. Conclusion: Advantages and Limitations of Each 3E Model, Policy Implications, Implementation, Challenges, and Future Directions
