Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.ecolecon.2017.08.022 |
An Agent-based Stock-flow Consistent Model of the Sustainable Transition in the Energy Sector | |
Ponta, Linda1; Raberto, Marco1; Teglio, Andrea2,3; Cincotti, Silvano1 | |
2018-03-01 | |
发表期刊 | ECOLOGICAL ECONOMICS
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ISSN | 0921-8009 |
EISSN | 1873-6106 |
出版年 | 2018 |
卷号 | 145页码:274-300 |
文章类型 | Article |
语种 | 英语 |
国家 | Italy; Spain |
英文摘要 | In this paper, we investigate the effects on the economy of a feed-in tariff policy mechanism aimed to foster investments in renewable energy production capacity. To this purpose, we employ an enriched version of the agent-based Eurace macroeconomic model, where we have included an energy sector with a fossil-fuel power producer as well as a renewable-energy based one. Both power producers take pricing and capacity investment decisions based on the price of imported fossil fuel and the feed-in tariff government policy. Results show that the feed-in tariff policy is effective in fostering the sustainability transition of the energy sector and that it increases the level of investments with a positive impact on the unemployment rates. Moreover, we observe that its financing costs do not impact government finances, which actually improve following the better economic conditions. For high policy intensity, however, we observe an increasing GDP share of the investment sector in the economy, due to the building-up of renewable production capacity, with a resulting crowding out of consumption, higher interest rates and prices. The final outcome on household well-being therefore depends on what extent the chosen value judgment recognizes the importance of an economically and ecologically sustainable growth path. |
英文关键词 | Sustainability transition Energy sector Feed-in tariff Agent-based modeling |
领域 | 资源环境 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000424316700024 |
WOS关键词 | POLICY ; MARKETS ; INFORMATION ; CREDIT ; MACROECONOMICS ; POWER |
WOS类目 | Ecology ; Economics ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Environmental Sciences & Ecology ; Business & Economics |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/15315 |
专题 | 资源环境科学 |
作者单位 | 1.Univ Genoa, DIME CINEF, Via Opera Pia 15, I-16145 Genoa, Italy; 2.Univ Jaume 1, Campus Riu Sec, Castellon de La Plana 12071, Spain; 3.Univ Ca Foscari Venice, Dept Econ, Cannaregio 873, I-30121 Venice, Italy |
推荐引用方式 GB/T 7714 | Ponta, Linda,Raberto, Marco,Teglio, Andrea,et al. An Agent-based Stock-flow Consistent Model of the Sustainable Transition in the Energy Sector[J]. ECOLOGICAL ECONOMICS,2018,145:274-300. |
APA | Ponta, Linda,Raberto, Marco,Teglio, Andrea,&Cincotti, Silvano.(2018).An Agent-based Stock-flow Consistent Model of the Sustainable Transition in the Energy Sector.ECOLOGICAL ECONOMICS,145,274-300. |
MLA | Ponta, Linda,et al."An Agent-based Stock-flow Consistent Model of the Sustainable Transition in the Energy Sector".ECOLOGICAL ECONOMICS 145(2018):274-300. |
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