Modelling the Energy Transition - MET

Modelling the Energy Transition - MET programme is a research program aimed at studying the energy transition in dynamic settings and under uncertainty by developing economic models with both a micro and macro approach. Within the programme, different types of models are studied, with the aim of exploring how different methodological approaches can have different impacts and solutions while studying environmental and energy economics.

The activities of the MET programme concern two projects:

• ABM – Agent Based Model;
• EEUMs - Environment, Energy, Uncertainty Models.

ABM – Agent Based Model for Energy Transition. The activities of this project aim to develop Agent Based Models on multiple sectors, with a special focus on energy sectors and their environmental impacts. Using Agent Based Models allows to grasp the heterogeneity of the economic agents at sectoral level, with the goal of providing new perspectives and insights to the economic research. The agents’ heterogeneity of the AB Model represents the building block of the economic processes’ dynamics and makes it possible to study at best the endogenous shocks of such processes.

EEUMs – Environment, Energy, Uncertainty Models.  The activities of this project aim to deepen the issue of uncertainty within the framework of environmental and energy economics, with a focus on renewable resources and the use of new technologies for the decarbonization process. To this end, representative agent models, or strategic models, are used to analyze the dynamics of the traditional energy market as well as the renewable energy market. The analysis is also focused on the study of systemic shocks at economic and environmental level, through the development of a specific module dedicated to uncertainty in an Integrated Assessment Model - IAM, making it possible to study systemic tipping points.