A review of agent-based modelling of climate-energy policy
Castro Santa, Juana (Universitat Autònoma de Barcelona. Institut de Ciència i Tecnologia Ambientals)
Drews, Stefan (Universitat Autònoma de Barcelona. Institut de Ciència i Tecnologia Ambientals)
Exadaktylos, Filippos (Universitat Autònoma de Barcelona. Institut de Ciència i Tecnologia Ambientals)
Foramitti, Joël (Universitat Autònoma de Barcelona. Institut de Ciència i Tecnologia Ambientals)
Klein, Franziska (Universitat Autònoma de Barcelona. Institut de Ciència i Tecnologia Ambientals)
Konc, Théo (Universitat Autònoma de Barcelona. Institut de Ciència i Tecnologia Ambientals)
Savin, Ivan (Universitat Autònoma de Barcelona. Institut de Ciència i Tecnologia Ambientals)
van den Bergh, Jeroen C. J. M. (Universitat Autònoma de Barcelona. Institut de Ciència i Tecnologia Ambientals)

Date:	2020
Abstract:	Agent-based models (ABMs) have recently seen much application to the field of climate mitigation policies. They offer a more realistic description of micro behaviour than traditional climate policy models by allowing for agent heterogeneity, bounded rationality and non-market interactions over social networks. This enables the analysis of a broader spectrum of policies. Here, we review 61 ABM studies addressing climate-energy policy aimed at emissions reduction, product and technology diffusion, and energy conservation. This covers a broad set of instruments of climate policy, ranging from carbon taxation and emissions trading through adoption subsidies to information provision tools such as smart meters and eco-labels. Our treatment pays specific attention to behavioural assumptions and the structure of social networks. We offer suggestions for future research with ABMs to answer neglected policy questions.
Grants:	European Commission 741087
Note:	Unidad de excelencia María de Maeztu CEX2019-000940-M
Note:	Altres ajuts: Russian Science Foundation. Grant Number: 19-18-00262
Rights:	Tots els drets reservats.
Language:	Anglès
Document:	Article de revisió ; Article ; Versió acceptada per publicar
Subject:	Agent-based models ; Bbounded rationality ; Climate policy ; Other-regarding preferences ; Social interactions
Published in:	Wiley interdisciplinary reviews. Climate change, Vol. 11, Issue 4 (July/August 2020) , e647, ISSN 1757-7780

DOI: 10.1002/wcc.647

Postprint 30 p, 1.0 MB

The record appears in these collections:
Research literature > UAB research groups literature > Research Centres and Groups (research output) > Experimental sciences > Institut de Ciència i Tecnologia Ambientals (ICTA) > Environmental and Climate Economics (ECE)
Articles > Published articles