It takes the average reader 1 hour and 30 minutes to read Getting to Know GMMET: The Global Macroeconomic Model for the Energy Transition by Benjamin Carton
Assuming a reading speed of 250 words per minute. Learn more
This paper presents GMMET, the Global Macroeconomic Model for the Energy Transition, and provides documentation of the model structure, data sources and model properties. GMMET is a large-scale, dynamic, non-linear, microfounded multicountry model whose purpose is to analyze the short- and medium-term macroeconomic impact of curbing greenhouse gas (GHG) emissions. The model provides a detailed description of GHG-emitting activities (related to both fossil fuel and non-fossil-fuel processes) and their interaction with the rest of the economy. To better capture real world obstacles of the energy transition, GMMET features a granular modelling of electricity generation (capturing the intermittency of renewables), transportation (capturing network externalities between charging stations and electric vehicle adoption), and fossil fuel mining (replicating estimated supply elasticities at various time horizons). The model also features a rich set of policy tools for the energy transition, including taxation of GHG emissions, various subsidies, and regulations.
Getting to Know GMMET: The Global Macroeconomic Model for the Energy Transition by Benjamin Carton is 88 pages long, and a total of 22,704 words.
This makes it 30% the length of the average book. It also has 28% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 2 hours and 4 minutes to read Getting to Know GMMET: The Global Macroeconomic Model for the Energy Transition aloud.
Getting to Know GMMET: The Global Macroeconomic Model for the Energy Transition is suitable for students ages 10 and up.
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