An Assessment of Turkish Energy Sector Development under the Paris Agreement Goals using a CGE Model with Detailed Representation of Power Sector (original) (raw)

Heavy reliance on imported energy and fossil-intensive energy generation are substantial challenges that contribute to the economic problems that Turkey currently faces. Most of the researchers who assess the economic impacts of energy and environmental policies in Turkey use a general equilibrium approach. The models developed for this purpose thus far including assessing the targets that Turkey has submitted for the Paris Agreement employ an aggregated power sector representation, which does not capture the technological details. Given the importance of power sector to a successful climate policy, we develop an integrated computable general equilibrium (CGE) model of Turkish economy (TR-EDGE) that combines macroeconomic representation of the non-electric sectors and detailed representation of the power sector where disaggregation of Turkish power sector in a CGE framework is the first attempt. We assess the compliance cost of commitments under several scenarios. First, a reference...