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 that has addressed a variety of European energy policy questions. We describe the development of a flexible model core as well as modules on carbon and renewables policies, capacity mechanisms, investment behaviour and representation of intermittent renewables. We present an overview of modelling results, ongoing projects, a case study on current reforms of the EU ETS, and we show their relevance in the EU context.

Original languageEnglish
Pages (from-to)421-431
Number of pages11
JournalEnvironmental Modelling & Software
Publication statusPublished - 1 Oct 2017

    Research areas

  • Agent-based modelling, Energy and climate policy, Energy modelling laboratory, Energy transition, Investment

ID: 25369867