We present an approach to simulate climate and energy policy for the EU  We reviews core challenges and approaches for modelling climate and energy  We developed a flexible and modular agent-based modelling approach and a toolbox  We present an configurable agent-based model of investment in power generation  We describe a flexible model core and separate policy modules

We present a survey of US capacity market experts with the purpose of drawing lessons for the EU. Of the respondents, 41% advised EU member states against implementing capacity markets, while the remaining were neutral or provided suggestions for improving capacity markets. Cross-border effects are currently not a concern but may become so in the future. Imports may dampen prices in a capacity market, but neighbouring markets may also experience pressure to implement a capacity market. The capacity markets in the USA were believed to have achieved their goals with respect to reliability, but in an economically inefficient manner.

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