chapter  30
13 Pages

CGE models in energy economics

WithKen’ichi Matsumoto, Shinichiro Fujimori

A computable general equilibrium (CGE) model is one of the most frequently used types of modeling approach in energy economics, particularly they are powerful tools in analyzing climate change mitigation policy. In this chapter, we briefly describe the features of a CGE modeling approach in general as well as their features in energy economic studies. We then review existing studies on energy economics using CGE models, including those analyzing economic impacts of energy price increases, energy efficiency improvement, and climate policy. We conclude this chapter with the insights for future works of this type of model.