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In the present paper we use the output of multiple expert elicitation surveys on the future cost of key low-carbon technologies and use it as input of three Integrated Assessment models, GCAM, MARKAL_US and WITCH. By means of a large set of simulations we aim to assess the implications of these...
Persistent link: https://www.econbiz.de/10013001037
Evaluating the economic attractiveness of large projects often requires the development of large and complex financial models. Model complexity can prevent management from obtaining crucial information, with the risk of a suboptimal exploitation of the modeling efforts. We propose a methodology...
Persistent link: https://www.econbiz.de/10013144776
The complexity of integrated assessment models (IAMs) prevents the direct appreciation of the impact of uncertainty on the model predictions. However, for a full understanding and corroboration of model results, analysts might be willing, and ought to identify the model inputs that influence the...
Persistent link: https://www.econbiz.de/10014166039