2017
DOI: 10.1155/2017/1967645
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Creating Agent-Based Energy Transition Management Models That Can Uncover Profitable Pathways to Climate Change Mitigation

Abstract: The energy domain is still dominated by equilibrium models that underestimate both the dangers and opportunities related to climate change. In reality, climate and energy systems contain tipping points, feedback loops, and exponential developments. This paper describes how to create realistic energy transition management models: quantitative models that can discover profitable pathways from fossil fuels to renewable energy. We review the literature regarding agent-based economics, disruptive innovation, and tr… Show more

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Cited by 58 publications
(47 citation statements)
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References 270 publications
(282 reference statements)
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“…A major advantage of agent-based models is straightforward calibration with real-world data due to the intrinsic connection between real-world entities, such as people and vehicles, and the modelled agents, such as people-agents and vehicle-agents [34]. It is also an efficient method for both 'what-if' analyses and modifying the model-logic once a base model is developed.…”
Section: Agent-based Modelling To Study Mobility Demandmentioning
confidence: 99%
“…A major advantage of agent-based models is straightforward calibration with real-world data due to the intrinsic connection between real-world entities, such as people and vehicles, and the modelled agents, such as people-agents and vehicle-agents [34]. It is also an efficient method for both 'what-if' analyses and modifying the model-logic once a base model is developed.…”
Section: Agent-based Modelling To Study Mobility Demandmentioning
confidence: 99%
“…However, [9] find that only a few energy models account for co-evolutionary dynamics between policies, behaviour of actors and technologies [22], claiming that such dynamics are key and that energy models should not only look at technologies to be useful for effective climate-change mitigation efforts [23]. [16] and [24] argue that when studying sustainability transitions new modelling approaches are needed, which analyse policy interventions in the energy sector and their impacts on agents' investments, business models and social practices. This should be done by taking into account feedback loops between dimensions (or system elements), reinforcing mechanisms resulting from interactions between agents and the institutional dimensions, and co-evolution, which may lead to multiple solutions and transition pathways [24].…”
Section: Modelling Of Key Actors In Energy Transitions 21 Actors and mentioning
confidence: 99%
“…[16] and [24] argue that when studying sustainability transitions new modelling approaches are needed, which analyse policy interventions in the energy sector and their impacts on agents' investments, business models and social practices. This should be done by taking into account feedback loops between dimensions (or system elements), reinforcing mechanisms resulting from interactions between agents and the institutional dimensions, and co-evolution, which may lead to multiple solutions and transition pathways [24]. These new modelling approaches should also introduce agents which explicitly take decisions for sound climate policy-making [25].…”
Section: Modelling Of Key Actors In Energy Transitions 21 Actors and mentioning
confidence: 99%
“…ABMs have also been used to evaluate policies for promoting "climate clubs" oriented toward facilitating cooperation among institutions and states in response to the challenges of the Anthropocene [16,[51][52][53]. Social simulation techniques are increasingly applied in the study of sustainability transitions such as shifts toward low-carbon energy [19,54]. For reviews of other uses of ABMs to address issues related to human adaptation and sustainability, see [17,24,55,56].…”
Section: Advances In Sustainability Modelingmentioning
confidence: 99%