The future European power system under a climate policy regime

This paper introduces a modeling framework where a top-down integrated assessment model is soft-linked with a more detailed capacity expansion model for the European power system. This approach aims at adding regional sector specific details to results from climate change mitigation policy studies with a global scope. In particular, the goal is to analyze the cost minimizing investment plan required to achieve a predefined low-carbon power generation mix. Results like country-wise investments in generation and transmission capacity are obtained. The framework is used to analyze three global climate policy scenarios.