Instruct: Identify the main and secondary category of Arxiv papers based on the titles and abstracts
Query: ElecSim: Monte-Carlo Open-Source Agent-Based Model to Inform Policy for
  Long-Term Electricity Planning   Due to the threat of climate change, a transition from a fossil-fuel based
system to one based on zero-carbon is required. However, this is not as simple
as instantaneously closing down all fossil fuel energy generation and replacing
them with renewable sources -- careful decisions need to be taken to ensure
rapid but stable progress. To aid decision makers, we present a new tool,
ElecSim, which is an open-sourced agent-based modelling framework used to
examine the effect of policy on long-term investment decisions in electricity
generation. ElecSim allows non-experts to rapidly prototype new ideas.
  Different techniques to model long-term electricity decisions are reviewed
and used to motivate why agent-based models will become an important strategic
tool for policy. We motivate why an open-source toolkit is required for
long-term electricity planning.
  Actual electricity prices are compared with our model and we demonstrate that
the use of a Monte-Carlo simulation in the system improves performance by
$52.5\%$. Further, using ElecSim we demonstrate the effect of a carbon tax to
encourage a low-carbon electricity supply. We show how a {\pounds}40 ($\$50$)
per tonne of CO2 emitted would lead to 70% renewable electricity by 2050.

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The categories of this paper are: hep-ph
8
The categories of this paper are: hep-ex
23
The categories of this paper are: solv-int
5
The categories of this paper are: gr-qc
19
The categories of this paper are: eess
31
The categories of this paper are: ao-sci
25
The categories of this paper are: patt-sol
9
The categories of this paper are: nlin
24
The categories of this paper are: dg-ga
28
The categories of this paper are: alg-geom
2
The categories of this paper are: math
34
The categories of this paper are: chem-ph
35
The categories of this paper are: mtrl-th
4
The categories of this paper are: cond-mat
29
The categories of this paper are: funct-an
32
The categories of this paper are: atom-ph