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Induced Technological Change in a Limited Foresight Optimization Model
Social Science Research Network
The threat of global warming calls for a major transformation of the energy system in the coming century. The treatment of technological change in energy system models is a critical challenge. Technological change may be treated as induced by climate policy or as exogenous. We investigate the importance of induced technological change (ITC) in GET-LFL, an iterative optimization model with Limited Foresight that incorporates Learning-by-doing. Scenarios for stabilization of atmospheric CO 2doi:10.2139/ssrn.841145 fatcat:d2eabwdxarewxac6wjw3ccgtyq