气候变化领域集成服务门户(CCPortal): The impact of heterogeneous market players with bounded-rationality on the electricity sector low-carbon transition

CCPortal

DOI	10.1016/j.enpol.2020.111274
	The impact of heterogeneous market players with bounded-rationality on the electricity sector low-carbon transition
	Barazza E.; Strachan N.
发表日期	2020
ISSN	0301-4215
卷号	138
英文摘要	The energy sector transition requires large financial investments in low-carbon generation technologies, to be delivered by a variety of actors with heterogeneous characteristics. Real-world actors have bounded-rationality, reflected by their limited foresight and heterogeneous expectations, and as past trends influence their investments. Agent-based models are highly suitable modelling frameworks to study such realistic and complex energy transition dynamics. This paper introduces BRAIN-Energy, a novel agent-based model which explicitly allows to explore the impacts of actors' heterogeneous characteristics, and of their interactions, on the transition pathways of the UK, German and Italian electricity sectors. Results show that actors' heterogeneous characteristics pose barriers to effective decarbonisation efforts, affect the speed of the transition, and impact the transition's security of supply and affordability dimensions. Limited foresight and path-dependency lead to investment cycles (both virtuous and vicious). The country comparison highlights how such effects are stronger in markets with more heterogeneous market players. © 2020 Elsevier Ltd
英文关键词	Agent-based modelling; Bounded-rationality; Energy sector; Heterogeneity of actors; Investment decisions; Low-carbon transition
语种	英语
scopus关键词	Autonomous agents; Binary alloys; Carbon; Commerce; Computational methods; Potassium alloys; Simulation platform; Uranium alloys; Agent-based modelling; Bounded rationality; Energy sector; Heterogeneity of actors; Investment decisions; Low-carbon transitions; Investments; energy market; energy resource; financial system; heterogeneity; investment; Germany; Italy; United Kingdom
来源期刊	Energy policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/124839
作者单位	UCL Energy Institute, Central House, 14 Upper Woburn Place, London, WC1H 0NN, United Kingdom
推荐引用方式 GB/T 7714	Barazza E.,Strachan N.. The impact of heterogeneous market players with bounded-rationality on the electricity sector low-carbon transition[J],2020,138.
APA	Barazza E.,&Strachan N..(2020).The impact of heterogeneous market players with bounded-rationality on the electricity sector low-carbon transition.Energy policy,138.
MLA	Barazza E.,et al."The impact of heterogeneous market players with bounded-rationality on the electricity sector low-carbon transition".Energy policy 138(2020).