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GTAP Resource #6884

"Coal Phase-out in the Turkish Power Sector towards Net-zero Emission Targets: An Integrated Assessment of Energy-Economy-Environment Modeling "
by Kat, Bora, Umit Sahin, Saeed Teimourzadeh, Osman. B. Tor, Ebru Voyvoda and A. Erinc Yeldan


Abstract
Power sector plays a crucial role towards decarbonization for many economies, especially in line with the net-zero targets to limit global warming by 1.5C. The technical constraints intrinsic to the sector, penetration of new technologies, investment and operational costs, as well as its links with the rest of the economy make the power sector a complex system to analyze. Although there are numerous studies to integrate bottom-up power sector technology models with a top-down macroeconomic model; this study is the first attempt to couple three separate models within a single framework: an electricity market simulation model, a generation expansion planning model, and a macroeconomic applied general equilibrium model. The proposed framework is implemented to analyze alternative scenarios aiming at successful phasing-out of coal-fired power plants in Turkiye. Our results suggest that, given the existing capacity and future potential of renewables, Turkey can achieve her coal-phase out by early 2030s. We also find that under the coal phase-out scenario, while installed capacity and generation of coal-fired power plants are reduced, real GDP and electricity demand could be maintained; and the CO2 emissions from power sector could be reduced by as much as 50% in 2030 compared to their 2018 level.


Resource Details (Export Citation) GTAP Keywords
Category: 2023 Conference Paper
Status: Not published
By/In: Presented during the 26th Annual Conference on Global Economic Analysis (Bordeaux, France)
Date: 2023
Version: 1
Created: Voyvoda, E. (4/13/2023)
Updated: Voyvoda, E. (4/14/2023)
Visits: 661
- Model extension/development
- Climate change policy
- GTAP Data Base and extensions
- Europe (Eastern)
- Middle East


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