A distinct feature of this version of the model, MSG-TECH, is that households, firms and public operations can also choose to invest in completely new technologies with lower emission intensities. This applies to the process industry (pp. 27, 34, 37 and 43; see the list of industries in Table 1) and petroleum industry (p. 66), as well as land transport in firms, households and the public sector. By adding realistic emission reduction possibilities through technology investments and attendant economic costs, actors will have a wider range of possibilities than traditional equilibrium models allow for. We have collected documentation on the emission reduction potential and costs of different specified and more or less familiar technologies. This work is accounted for in greater detail in Fæhn et al. (2009).
