Kretschmer, Bettina and Peterson, Sonja (2010) Integrating bioenergy into computable general equilibrium models — A survey. Energy Economics, 32 (3). pp. 673-686. DOI 10.1016/j.eneco.2009.09.011.

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Abstract

In the past years biofuels have received increased attention since they were believed to contribute to rural development, energy security and to fight global warming. It became clear, though, that bioenergy cannot be evaluated independently of the rest of the economy and that national and international feedback effects are important. Computable general equilibrium (CGE) models have been widely employed in order to study the effects of international climate policies. The main characteristic of these models is their encompassing scope: Global models cover the whole world economy disaggregated into regions and countries as well as diverse sectors of economic activity. Such a modelling framework unveils direct and indirect feedback effects of certain policies or shocks across sectors and countries. CGE models are thus well suited for the study of bioenergy/biofuel policies. One can currently find various approaches in the literature of incorporating bioenergy into a CGE framework. This paper gives an overview of existing approaches, critically assesses their respective power and discusses the advantages of CGE models compared to partial equilibrium models. Grouping different approaches into categories and highlighting their advantages and disadvantages is important for giving a structure to this rather recent and rapidly growing research area and to provide a guidepost for future work.

Document Type:	Article
Research affiliation:	Kiel University > Kiel Marine Science OceanRep > The Future Ocean - Cluster of Excellence Kiel University
Refereed:	Yes
Open Access Journal?:	No
Publisher:	Elsevier
Date Deposited:	05 Feb 2018 09:11
Last Modified:	28 Mar 2019 12:13
URI:	https://oceanrep.geomar.de/id/eprint/41824

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