Policy - POLES
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Corresponding documentation | |
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Previous versions | |
Model information | |
Model link | |
Institution | JRC - Joint Research Centre - European Commission (EC-JRC), Belgium, http://ec.europa.eu/jrc/en/. |
Solution concept | Partial equilibrium (price elastic demand) |
Solution method | SimulationRecursive simulation |
Anticipation | Myopic |
The POLES model is used to simulate:
- GHG policies
- Country/region objective: Implementation of carbon (or CO2eq) pricing (iterative calibration)
- Cumulated GHG/CO2 buget: Regional differentiation of constraint and carbon pricing permitting to reduce emissions within budget (iterative calibration)
- Carbon leakage (limited)
- Energy taxation policies
- GHG-related pricing policies (carbon pricing)
- other environmental taxes (e.g. introduction of environmental damage tax on non-conventional fuels production)
- fossil fuel subsidies (possibility to phase out)
- introduction of renewable fuels subsidy
- Support policies for specific technologies
- Electricity generation feed-in tariffs
- Low interest loans or subsidies to capital cost in purchase of energy consuming equipment
- Acceleration of the penetration emerging vehicle technologies
- Modal shifts in passenger transport
- Efficiency standards
- fuel efficiency standards in vehicles
- penetration of low-energy consuming buildings
- Openness to investment
- Reactivity to prices on exploration and production in oil and gas producing regions
- Discount rates in investment
- National preference in the sourcing of fossil fuels or national resource management in domestic fossil fuels production
Policies included are updated regularly to reflect the current state of affairs at country and sector level. See for example the list of policies in the GECO2016 scenarios.