A Co-Simulation Framework to Study Future Energy-Economy Interactions

Abstract

Energy-economy interactions are often studied using top-down integrated assessment or economy models that have broad scope but lack the resolution and process detail to consider complex emerging trends across the energy sector. This presentation describes an approach to maintain both detail and scope by linking NREL's highly resolved models of the electricity, transportation, and buildings sectors with a MIT's USREP computable general equilibrium model of the U.S. economy. We will discuss strategies for linking across disparate models along with preliminary results describing the economy-wide impacts of future energy technology innovation.