In this interview carried out by University of Deusto, Femke Nijsse, lecturer at University of Exeter, shares the cutting-edge work on energy transition modeling. Collaborating with Cambridge Econometrics, the research uses global economic simulations to analyze current energy systems, economic behavior, and the role of policy in driving change.
🔍 Key Highlights:
🌱 Global economy model: This model covers over 43 sectors, with special attention to energy systems like power, heating and transport.
💡 Realistic approach: Unlike traditional models focused solely on costs, this simulation factors in real-world behaviors, helping policymakers create more effective policies.
🚀 Innovative technologies: From emerging technologies that need subsidies to mature ones driven by carbon taxes, the work explores how different policy mixes can accelerate the energy transition.
This research provides vital insights for policymakers looking to push forward sustainable energy policies in a practical and impactful way. Learn how different combinations of policies can shape a faster, more effective transition, helping us move toward a greener future! 🌱💼