Energy - REMIND
|Model Documentation - REMIND|
|Institution||Potsdam Institut für Klimafolgenforschung (PIK)|
Hybrid model that couples an economic growth model with a detailed energy system model and a simple climate model.
|Solution method||Inter-temporal optimization that maximizes cumulated discounted global welfare: Ramsey-type growth model with Negishi approach to regional welfare aggregation.|
Energy is a factor input demanded by the economy, as different final energy types are inputs to GDP generation in the nested CES production function as described in Figure 1: Production structure of REMIND. Linear production functions describe the conversion of primary energy (lowest level) to final energy carriers. Nested CES structures describe the aggregation of final energy carriers for end-use. . This chapter explains the different primary energy resources modelled and their potentials (Section Energy resource endowments). REMIND considers more than 40 technologies for the conversion of these resources into different secondary energy types (Sections Electricity, Heat, Other conversion) and the conversion of secondary to final energy (Section Grid and infrastructure). The subsequent subsections explain the use of those final energy types in the different demand sectors (Sections Transport and Stationary sector).