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The School carries out applied research with the purpose of developing economically, legally, and socially-sound regulation and policy, using a multidisciplinary approach.

Independent aggregation in the nordic day-ahead market : what is the welfare impact of socializing supplier compensation payments?

This paper addresses the participation of independent aggregators (IAs) for demand response (DR) in European electricity markets. An IA is an aggregator trading the...

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Tim Schittekatte KB ZB
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Environmental insurance and resilience in the age of natural disasters
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Evaluating models of CO2 transport governance : from state-led to market-based approaches
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Unpacking India’s Climate Modelling Tools

11 May 2022

A recent study undertaken by the Indian Institute of Technology Delhi (IIT Delhi) and the Centre for Policy Research (CPR) examines the various climate modelling tools used in the context of India.

As modelling studies are increasingly used to inform energy and climate policy design, it is imperative that the construct and results of these various studies be adequately understood and contextualised. At the Unpacking Models (UM) initiative the authors develop and employ a common reporting framework to assess, compare, and interpret the results of various modelling studies.

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The UM assessment framework unpacks the modelling study in a two-step process. In the first step, it helps policymakers understand the robustness of the modelling study, by assessing five dimensions of its structure:

  1. The validity of its input assumptions;
  2. The appropriateness of the model for the purpose to which it is applied;
  3. The construction of the scenarios;
  4. The overall treatment of inherent uncertainties;
  5. The validity of its outputs.

In its second step, the framework interprets what modelling results imply for six policy priorities relevant to a low-carbon transition:

  1. Energy transition pathway;
  2. Emissions;
  3. Development pathway;
  4. Investments;
  5. Equity;
  6. Energy security.

The authors hope that this initiative will contribute to more informed and measured use of these various modelling studies in the design of energy and climate policies, by policymakers, academics, and civil society.

 

Host: Jean-Michel Glachant (Florence School of Regulation – Energy)

Invited guest: Kaveri Iychettira (Indian Institute of Technology, Delhi)

Discussants: Franziska Holz (DIW Berlin) and Albert Ferrari (Florence School of Regulation – Climate)

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