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We present an approach to simulate climate and energy policy for the EU, using a flexible and modular agent-based modelling approach and a toolbox, called the Energy Modelling Laboratory (EMLab). The paper shortly reviews core challenges and approaches for modelling climate and energy policy in light of the energy transition. Afterwards, we present an agent-based model of investment in power generation...
The EU and its member states implement different policy tools aiming to promote a more sustainable power sector and achieve security of supply. Here carbon and renewable policies are the most prominently implemented (with the EU ETS established at the European level, and several national renewable policies implemented by the member states). In principle a distinction between price-based and quantity-based...
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