Publication:
Electricity Transition in MFMod: A Methodological Note with Applications

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dc.contributor.authorJooste, Charl
dc.contributor.authorMcIsaac, Florent
dc.contributor.authorHaider, Alexander
dc.date.accessioned2024-07-25T15:53:40Z
dc.date.available2024-07-25T15:53:40Z
dc.date.issued2024-07-25
dc.description.abstractThis paper describes power sector modeling methodologies for the World Bank’s macrostructural model — MFMod. Macrostructural models generally do not model sectors, such as the power sector, in detail, limiting their capacity to represent deep system transformation (for example, low-carbon energy transitions). The main constraints to adequate sector modeling are data availability and technological representation of the power system. Time-series data for specific production factors across sectors do not exist consistently for most countries in World Bank models. This paper describes two distinct methods to overcome this constraint: (i) using a more granular representation of the production function and (ii) linking the macrostructural model with the World Bank's electricity planning models. These methods provide a more nuanced technical representation of deep transformations, enabling discussions on their macroeconomic consequences. The paper provides results for Mauritania and South Africa. These methodologies serve as a blueprint for macroeconomic modeling of energy transitions in this class of models.en
dc.identifierhttp://documents.worldbank.org/curated/en/099534207172413272/IDU17b8800dc1d406140bd18ce41e64ce1541ef5
dc.identifier.doi10.1596/1813-9450-10854
dc.identifier.urihttps://hdl.handle.net/10986/41953
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy Research Working Paper; 10854
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectECONOMIC MODELING
dc.subjectELECTRICITY TRANSITION
dc.subjectCARBON PRICING
dc.subjectAFFORDABLE AND CLEAN ENERGY
dc.subjectSDG 7
dc.titleElectricity Transition in MFModen
dc.title.subtitleA Methodological Note with Applicationsen
dc.typeWorking Paper
dspace.entity.typePublication
okr.crossref.titleElectricity Transition in MFMod: A Methodological Note with Applications
okr.date.disclosure2024-07-25
okr.date.lastmodified2024-07-24T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099534207172413272/IDU17b8800dc1d406140bd18ce41e64ce1541ef5
okr.guid099534207172413272
okr.identifier.docmidIDU-7b8800dc-d406-40bd-8ce4-e64ce1541ef5
okr.identifier.doi10.1596/1813-9450-10854
okr.identifier.doihttps://doi.org/10.1596/1813-9450-10854
okr.identifier.externaldocumentum34365834
okr.identifier.internaldocumentum34365834
okr.identifier.reportWPS10854
okr.import.id4922
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099534207172413272/pdf/IDU17b8800dc1d406140bd18ce41e64ce1541ef5.pdfen
okr.region.administrativeAfrica Eastern and Southern (AFE)
okr.region.countryMauritania
okr.region.countrySouth Africa
okr.topicMacroeconomics and Economic Growth::Econometrics
okr.topicEnergy::Electric Power
okr.topicEnvironment::Carbon Policy and Trading
okr.unitEFI-MTI-Global Macro and Debt (EMFMD)
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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