Energy resource endowments - EPPA
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|Institution||Massachusetts Institute of Technology (MIT), USA, https://globalchange.mit.edu/.|
|Solution concept||General equilibrium (closed economy)|
The fossil energy endowments of EPPA are from the United States Geological Survey and World Energy Council, with details provided in Paltsev et al. (2005). Nuclear , hydro and renewables (wind and solar) are represented in a simpler fashion, focusing on the relevant resource and capital and labor. For each of the aforementioned energy type the resource is a technology specific factor (a.k.a. fixed factor) endowment specific to the technology and region. Changes in the resource over time are controlled exogenously. Details for these exogenous assumptions are presented in Paltsev et al. (2005). Besides, bio-energy is derived from distinct types of crop with output levels ultimately determined by the land resources.
- Paltsev, S., J.M. Reilly, H.D. Jacoby, R.S. Eckaus, J. McFarland, M. Sarofim, M. Asadoorian and M. Babiker (2005): The MIT Emissions Prediction and Policy Analysis (EPPA) Model: Version 4. Joint Program Report Series Report 125, 72 pages (http://globalchange.mit.edu/publication/14578)