Li, FGN;
(2017)
Actors behaving badly: Exploring the modelling of non-optimal behaviour in energy transitions.
Energy Strategy Reviews
, 15
pp. 57-71.
10.1016/j.esr.2017.01.002.
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Abstract
There are real political and social barriers to climate mitigation that arise from multi-actor dynamics and micro-economic decisions. Exploratory analysis that captures key uncertainties in the energy system, including behaviour, is crucial for policy design aimed at achieving ambitious greenhouse gas (GHG) mitigation targets. This paper explores the case for developing policy assessments that include non-optimal behaviour in energy systems modelling. A stochastic system dynamic model of the energy system that features multiple actors with differentiated behaviours is used to investigate energy transition pathways that deviate from strict economic rationality. The results illustrate the risks of basing GHG reduction strategies on analysis that overlooks key insights into decision making from fields such as behavioural economics and political science.
| Type: | Article |
|---|---|
| Title: | Actors behaving badly: Exploring the modelling of non-optimal behaviour in energy transitions |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1016/j.esr.2017.01.002 |
| Publisher version: | http://doi.org/10.1016/j.esr.2017.01.002 |
| Language: | English |
| Additional information: | © 2017 Elsevier Ltd. All rights reserved. This manuscript version is made available under a Creative Commons Attribution Non-commercial Non-derivative 4.0 International license (CC BY-NC-ND 4.0). This license allows you to share, copy, distribute and transmit the work for personal and non-commercial use providing author and publisher attribution is clearly stated. Further details about CC BY licenses are available at https://creativecommons.org/licenses/. Access may be initially restricted by the publisher. |
| Keywords: | Energy systems modeling, Climate policy, Decarbonization, Behavioural economics, Uncertainty |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment |
| URI: | https://discovery.ucl.ac.uk/id/eprint/1539919 |
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