Energy resource endowments - GEM-E3

Model Documentation - GEM-E3
Corresponding documentation
AIM-Hub BLUES C3IAM COFFEE-TEA DNE21+ GCAM GEM-E3 GRACE IFs IMACLIM IMAGE MESSAGE-GLOBIOM POLES PROMETHEUS TIAM-UCL WITCH WITNESS
Previous versions
Archive of GEM-E3 version unknown
Model information
Model link	https://ec.europa.eu/clima/sites/clima/files/strategies/analysis/models/docs/gem e3 long en.pdf
Institution	Institute of Communication And Computer Systems (ICCS), Greece, https://www.iccs.gr/en/.
Solution concept	General equilibrium (closed economy)
Solution method	Optimization
Anticipation

GEM-E3 considers only energy related depletable resources. Coal, oil and gas sectors are associated with the respective reserves. For the depletable resource sectors reserves are considered to be a discrete production factor. The international price of the fossil fuel is calculated so as to balance total supply and total demand of reserves.