Model Documentation - TIAM-UCL
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| Corresponding documentation | |
|---|---|
| Previous versions | |
| Model information | |
| Model link | |
| Institution | University College London (UCL), UK, https://www.ucl.ac.uk. |
| Solution concept | Partial equilibrium (price elastic demand) |
| Solution method | Linear optimisation |
| Anticipation | Perfect Foresight
(Stochastic and myopic runs are also possible) |
Introduction
TIAM-UCL is a global energy systems model that is usually run along with a climate module (calibrated to MAGICC) and an aggregated economic module (Macro Stand-Alone) in order to assess long-term energy decarbonisation scenarios and pathways.
The model is called the TIMES Integrated Assessment Model in UCL. TIMES is itself an acronym for ‘The Integrated MARKAL-EFOM System’.
The framework is akin to that of a long-term social planner with perfect foresight that acheives exogenous energy demands at lowest cost given detailed energy technology assumptions and specified constraints
Table of contents
Model scope and methods
Socio-economic drivers
Macro-economy
- Production system and representation of economic sectors
- Capital and labour markets
- Monetary instruments
- Trade
- Technological change
Energy
Land-use
- Agriculture
- Forestry
- Land-use change
- Bioenergy land-use
- Other land-use
- Agricultural demand
- Technological change in land-use