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Future Technology Transformation models: a family of evolutionary economics models to investigate energy policy

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FTT StandAlone

Future Technology Transformation

This repository contains a family of Future Technology Transformation (FTT) models. Models that are included are:

  • FTT:Power (Mercure, 2012) - updated to 2022 (generation) and 2023 (prices)
  • FTT:Heat (Knobloch et al, 2017) data up to 2020
  • FTT:Industrial heat
  • FTT:Transport (Mercure et al, 2018) - data up to 2022
  • FTT:Freight (under review) - data up to 2023
  • FTT:Hydrogen (under review)

Theoretical background

The FTT family of models are based on evolutionary economics. The uptake of new technologies typically follows an S-curve, which can be represented well with evolutionary dynamics (Mercure et al, 2012). The core equations for all of the models in the model family are coupled logistic equations of the Lotka-Volterra family, also known as the predator-prey equations. These equations are used to determine the evolution of the shares of various technologies in the models. Each model contains between ~10 to 25 technologies competing for market share.

FTT and E3ME

This repository contains the public standalone version of FTT, written in Python. A FORTRAN version of the model family is often used together with a macro-economic model as: E3ME-FTT. This model is managed by Cambridge Econometrics, and informs some of the inputs for the standalone model. In specific, energy demand is an output from the coupled model.

Installation

Before you start, make sure that git is installed on your system, for instance by installing GitHub Desktop

  1. Open your terminal at a location where you want to install ftt. Type the following in your terminal to download the package from GitHub:

    git clone https://github.com/cpmodel/FTT_StandAlone.git
  2. The python package requirements are curated in the environment.yml file. Change directory to the repo, and then install the environment using:

    conda env create -f environment.yml
  3. On Windows, you can start the frontend with FTT_Stand_Alone_Launcher.cmd. If Python is not yet added to your path, ensure you add this first.

Alternatively, you can download ftt by clicking the green Code button in the top right, and selecting Open with Github Desktop if you have this installed. You can import the environment in Anaconda Navigator.

Running the model

  1. You can run the front-end of the model in your browser by double clicking FTT_Stand_Alone_Launcher.cmd. Select the models to run and scenarios and explore the output.
    1. The first time you run the model, csv input files will be created. This takes a few additional minutes.
  2. Alternatively, you can run the model from the run_file.py script. Output is saved to a pickle file in the Output folder. Select the models and scenarios from the settings.ini file.
  3. Create new scenarios by adding a new folder in the Inputs folder. Data is read in first from this folder, and missing data is read from the S0 baseline folder.

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Future Technology Transformation models: a family of evolutionary economics models to investigate energy policy

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