An Agent Based Model of the System of Electricity Production Systems: Exploring the Impact of CO2 Emission-Trading

To elucidate the impact of CO₂ Emission-Trading on the European electricity production system-of-systems an Agent Based Model has been developed. The model emulates the long-term evolution of the European electricity production system-of-systems as a series of investment decisions by independent agents. Simulation results are reported that underpin recommendations for European CO₂-policy. A live model will be presented.