Keywords: CO2 emission reduction to 2030, marginal abatement costs, endogenous technical change, learning by doing, value of technology change
Endogenous learning in European post-Kyoto scenarios: results from applying the market equilibrium model PRIMES
This paper describes the endogenous technical change mechanism that has been incorporated in the PRIMES model and the main quantitative results in post Kyoto CO2 emission reduction scenarios for the EU energy system. The first section presents the learning mechanism as incorporated in the PRIMES model. Section 2 deals with the definition of alternative learning regimes in PRIMES and their impacts on model results. The achievement of the post Kyoto emission reduction target for the EU energy system under the different learning mechanism regimes is examined in Section 3. Finally the paper concludes with the evaluation of the benefits from technology change due to endogenous learning in achieving post Kyoto emission reduction targets.