Trade - TIAM-UCL

From IAMC-Documentation
Jump to navigation Jump to search

Model Documentation - TIAM-UCL

    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)

    Energy Trade

    Regional trade is modelled in the trade module. In the current version of TIAM-UCL, regional trade is allowed for coal, natural gas, LNG, natural gas liquid, uranium oil and oil products such as heavy fuel oil, gasoline, naphtha, diesel, energy crops and solid biomass. Emission trading under cap-and-trade policy is also modelled and the level of trading can be constrained. Trading in the base-year 2005 is calibrated to the actual energy import and export data. Base-year energy trade (import and export of fossil resources) for the UK is taken from DUKES (2010).

    Table 2-3: Resources traded in the 16 region TIAM-UCL global model

    Resource
    Crude oil
    Hard coal
    Natural gas
    Heavy fuel oil
    Naphtha
    Gasoline
    Natural gas liquid
    Distillates (diesel)
    Liquefied natural gas
    Uranium
    Biomass
    Bio-Fuels
    Emissions permits