Hybrid: Developing Hybrid Modelling Framework for Regulatory Impact Assessment: CGE-TIMES
The project develops a Hybrid Modelling Framework for Regulatory Impact Assessment combining a top-down and a bottom-up modelling approaches. A Hybrid CGE-TIMES model is enriched by integration of detailed transport and energy technologies from the technology optimisation model TIMES and simultaneously reflects the microeconomic foundations of general equilibrium. As a separate step, both dynamic energy-economy CGE model and energy system TIMES model are hard-linked to modules of vehicle technologies and energy-efficiency measures, and to environmental and health benefits. Additional added value of the project is that is focuses to energy services as final demand of energy what helps to better understanding of agent behaviour in energy consumption. The integrated hybrid modelling framework is built to assess in a coherent way the economic, welfare, environmental and energy impacts of various policies, including regulations in environmental, energy and transport area in the Czech Republic.
Hybrid: Developing Hybrid Modelling Framework for Regulatory Impact Assessment: CGE-TIMES
Project web pages
Financing
Czech Science Foundation
Project duration
2018–2020
Coordinator of the project in CUEC
Milan Ščasný
Project partners
Project description
The project develops a Hybrid Modelling Framework for Regulatory Impact Assessment combining a top-down and a bottom-up modelling approaches. A Hybrid CGE-TIMES model is enriched by integration of detailed transport and energy technologies from the technology optimisation model TIMES and simultaneously reflects the microeconomic foundations of general equilibrium. As a separate step, both dynamic energy-economy CGE model and energy system TIMES model are hard-linked to modules of vehicle technologies and energy-efficiency measures, and to environmental and health benefits. Additional added value of the project is that is focuses to energy services as final demand of energy what helps to better understanding of agent behaviour in energy consumption. The integrated hybrid modelling framework is built to assess in a coherent way the economic, welfare, environmental and energy impacts of various policies, including regulations in environmental, energy and transport area in the Czech Republic.
Objectives
The project aims to develop a Hybrid Modelling Framework for Regulatory Impact Assessment combining a top-down and a bottom-up modelling approaches. Dynamic CGE model and energy optimisation model TIMES are enriched and linked to each other and vehicle and environmental externality modules.