Medium-term forecast: Study identifies falling demand for electricity, and rising electricity self-consumption
In a new publication we describe the latest version of the industry sector model of FORECAST focusing on the ability and need to model the energy transition in industry.
The decarbonisation of the industry sector requires a wide range of mitigation options, many of which are often not considered in bottom-up models. The most recent version of FORECAST considers fuel and process switching, energy efficiency, CCS, the circular economy and material efficiency and therefore includes a wide range of mitigation options. After describing the model routines in detail, we provide recommendations on how to improve the model even more to increase the contribution bottom-up models can make to strategic energy transition analyses.
The article is available as open access .
It was written within the frame of the Reflex Horizon2020 project