Yeldan, Alp ErinçKat,B.Şahin,Ü.Teimourzadeh,S.Tör,O.B.Voyvoda,E.Yeldan,A.E.2024-06-232024-06-23202400360-5442https://doi.org/10.1016/j.energy.2024.131760https://hdl.handle.net/20.500.12469/5870The power sector plays a crucial role towards decarbonization for many economies, especially in line with the net-zero targets to limit global warming to 1.5 °C. Technical constraints intrinsic to the sector, penetration of new technologies, investment and operational costs, and its connections with the rest of the economy make the power sector a complex system to analyze. Although there are numerous studies to integrate bottom-up power sector technology models with top-down macroeconomic models, this study is the first attempt to link the three separate and interrelated models within a single framework: an electricity market simulation model, a generation expansion planning model, and an applied general equilibrium model. The proposed framework is implemented to analyze a feasible decarbonization scenario for Türkiye, with a particular focus on the power sector. The results suggest that, given the existing capacity and potential for renewables, Türkiye can achieve a coal-phase out by early 2030s, alongside a trajectory towards a full-fledged fossil fuel phase-out in power generation. The results also indicate that while installed capacity and generation of coal-fired power plants are reduced, real GDP and electricity demand can be maintained and the carbon dioxide emissions from the power sector could be reduced by as much as 50% in 2030 compared to 2018 levels. © 2024 Elsevier Ltdeninfo:eu-repo/semantics/closedAccessApplied general equilibriumCoal phase-outElectricity market simulation modelEnergy storage technologiesFossil fuel phase-outGeneration expansion planningLinear programmingTürkiye's power generation sectorArticle30210.1016/j.energy.2024.1317602-s2.0-85194777766Q1N/A