Global electricity technology substitution model with induced technological change
Future energy planning which aims to avoid excessive radiative forcing due to anthropogenic greenhouse gas (GHG) emissions leading to a global warming of more than 2 degrees C is likely to require drastic reductions in greenhouse gas emissions, possibly an almost complete decarbonisation of the current global energy sector. Such a transformation is expected to involve drastic costs, and large uncertainties surround the concept of decarbonisation and as to whether it is feasible economically.