Energy and Environmental CGE Modeling with GAMS
The course will introduce all the tools for constructing and implementing large-scale, dynamic, multisectoral general equilibrium models for energy and environmental policy analysis. By the end of the course the participants will have acquired detailed knowledge of and extensive hands-on experience in:
- the structure of general equilibrium models for environmental policy analysis,
- introducing dynamics,
- modeling energy markets,
- modeling complex nesting structures,
- introducing greenhouse gases,
- modeling tradable pollution permits,
- modeling carbon taxes,
- modeling technical change,
- modeling backstop technologies,
- implementing the model on the computer using the GAMS software,
- formulating scenarios and running policy simulations,
- reporting and interpreting the results.
The course uses a practical and very intensive approach to model building. The participants will actually build the model EcoMod step-by-step with guidance from the instructors: from small to large scale and from simple to complex structure. The participants will acquire extensive practical hands-on experience in building a complex, large-scale model. This will allow them to easily implement the first version of their own model using the GAMS codes of EcoMod.