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GTAP Resource #4443

"The MIT EPPA6 Model: Economic Growth, Energy Use, and Food Consumption"
by Chen, Y.-H. Henry, Sergey Paltsev, John Reilly and Jennifer Morris


Abstract
The MIT Emissions Prediction and Policy Analysis (EPPA) model has been broadly applied on energy and climate policy analyses. In this paper, we present our newest model: EPPA6-L. Besides adopting the GTAP8 database as the core economic data, EPPA6-L incorporates the latest energy, emissions, and cost estimates from existing studies, and enhances the model structure and implementation to facilitate future extension. With these improvements, the projected business-as-usual CO2 emissions in 2100 are lowered by 6.3% compared to the EPPA5 number. We also present how projections for the consumption of crops, livestock, and food products are improved with non-homothetic preference, and how various assumptions for business-as-usual GDP growth, elasticity of substitution between energy and non-energy input, and autonomous energy efficiency improvement may change CO2 emissions and prices.


Resource Details (Export Citation) GTAP Keywords
Category: 2014 Conference Paper
Status: Published
By/In: Presented at the 17th Annual Conference on Global Economic Analysis, Dakar, Senegal
Date: 2014
Version: August 13, 2014
Created: Chen, Y. (4/14/2014)
Updated: Chen, Y. (10/10/2014)
Visits: 1,411
- Baseline development
- Dynamic modeling
- Climate change policy
- The GTAP Data Base and extensions


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