EVENTS

International Conference on Economic Structures 

March 27-28, 2018

Nagoya University, Japan

The E3-India team and collaborators hosted a special session demonstrating the value of using integrated macro-econometric simulation models for modelling energy transitions at different regional scales. The team presented case studies involving the newly developed regional model E3-India and internationally recognized global E3ME model (see www.e3me.com) to establish the utility of hybrid models in various contexts of ongoing energy transitions. E3 models are hybrid macro-econometric simulation models. The modelling framework combines a standard system of national accounts (IOTs) with a series of econometric equations designed to capture the behavioural relationships and responses of the economy to policy. The model can fully assess both the short- and long-term impacts of energy transitions. The model is also not limited by many of the restrictive assumptions common to Computable General Equilibrium (CGE) models.

Unlike the E3ME model, the E3-India model permits detailed analysis at the state level in India. The model provides an integrated treatment of the economies, energy systems, and emissions, enabling the model to capture two-way linkages and feedbacks between these components.

During Modelling regional energy transitions: A case for integrating energy and environment linkages within macroeconomic frameworks, a special session chaired by Surabhi Joshi, the E-3 India team and collaborators presented a series of papers.