- Conference Proceedings Paper
The MIT Emissions Prediction and Policy Analysis (EPPA) model has been broadly applied on energy and climate policy analyses. In this paper, we present our newest model: EPPA6-L. Besides adopting the GTAP8 database as the core economic data, EPPA6-L incorporates the latest energy, emissions, and cost estimates from existing studies, and enhances the model structure and implementation to facilitate future extension. With these improvements, the projected business-as-usual CO2 emissions in 2100 are lowered by 6.3% compared to the EPPA5 number. We also present how projections for the consumption of crops, livestock, and food products are improved with non-homothetic preference, and how various assumptions for business-as-usual GDP growth, elasticity of substitution between energy and non-energy input, and autonomous energy efficiency improvement may change CO2 emissions and prices.