Energy resource endowments - POLES
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| Corresponding documentation | |
|---|---|
| Previous versions | |
| Model information | |
| Model link | |
| Institution | JRC - Joint Research Centre - European Commission (EC-JRC), Belgium, http://ec.europa.eu/jrc/en/. |
| Solution concept | Partial equilibrium (price elastic demand) |
| Solution method | SimulationRecursive simulation |
| Anticipation | Myopic |
The model distinguishes different geographical representations according to the resource considered.
Supply is linked to demand regions via trade:
- Oil: producers all export to single global market "pool"
- Gas: large producers export towards 14 importing regions; small producers only supply domestic demand
- Coal: large producers export towards 14 importing regions; small producers only supply domestic demand
- Solid biomass: producers supply domestic demand or export towards a global market depending on the relative cost of production
- Liquid biofuels: similar to solid biomass
- Uranium: single global supply cost curve
- Primary electricity (hydro, solar, wind): country-specific renewables potentials for power generation for domestic electricity demand