Results from the PROMETHEUS and TIAM-ECN models used in D5.1 of the WHY project

Results from the scenario runs with models PROMETHEUS and TIAM-ECN for deliverable 5.1 of the WHY project. The scenario assumptions underlying the various datasets are summarized in the following table: 

BASE

National Policies Implemented – the actual 2020 values are recreated by the models.

CP300-Lin

Impose exogenous carbon price globally linearly increasing

·         For t < 2025: Fix scenario to DIAG- NPI*  

·         For t in [2025, 2100]: Tax(t) = 75 USD + 15 USD * (t-2025); (USD 300 reached in 2040, 450 in 2050)

CP70-GR5

Impose exogenous carbon price exponentially increasing

·         For t < 2025: Fix scenario to DIAG-NPI*

·         For t in [2025, 2100]: Tax(t) = 70 USD * 1.05(t-2040)  (USD 70 reached in 2040) 

BASE-LCHP

Like Base but Cost of heat pumps declines below BASE levels by 10% in 2025, 25% in 2030 and 50% from 2040 onwards

CP300-LCHP

Like CP300-Lin , but Cost of heat pumps declines below CP300 levels by 10% in 2025, 25% in 2030 and 50% from 2040 onwards

BASE-Highprice

Like Base, but Global energy prices increase by 50% from BASE levels in 2025, and 30% from 2030 onwards

CP300-Highprice

Like CP300-Lin, but Global energy prices increase by 50% from CP300 levels in 2025, and 30% from 2030 onwards

For PROMETHEUS all scenario results are reported within the same excel file, while for TIAM-ECN a separate excel file was created for each scenario.