Energy demand - IFs
|Institution||Frederick S. Pardee Center for International Futures, University of Denver (Pardee Center), Colorado, USA, https://pardee.du.edu/.|
|Solution method||Dynamic recursive with annual time steps through 2100.|
Energy demand in IFs is most immediately a function of GDP and the energy demand per unit of GDP. Energy demand per unit of GDP depends on GDP per capita, energy prices, and an autonomous trend in energy efficiency. The first two of these are computed endogenously, the latter is provided exogenously. The user can control the price elasticity of energy demand and the autonomous trend in efficiency of energy use. The user can also use an energy demand multiplier to directly modify energy demand.