Energy - C3IAM
|Institution||Center for Energy and Environmental Policy Research, Beijing Institute of Technology (CEEP-BIT), China, http://ceep.bit.edu.cn/english/.|
|Solution concept||General equilibrium (closed economy)|
C3IAM includes detailed sectoral representation in energy sectors. In production activities, energy is an input in the nested CES production function. Total energy input is aggregated by electricity input and non-electricity energy input, and then there are substitutions between energy input and capital, as well as energy-capital aggregate and labor. In primary energy production activities (coal, crude oil and gas), the fossil energy resources are allowed to substitute with non-resource inputs in the top nest. The energy transformation sectors are represented by electricity sector with multi power generation technologies and refined oil sector. For household, energy substitutes with other goods or services following CD (Cobb-Douglas) function.