Energy resource endowments - GEM-E3
|Model link||https://ec.europa.eu/clima/sites/clima/files/strategies/analysis/models/docs/gem e3 long en.pdf|
|Institution||Institute of Communication And Computer Systems (ICCS), Greece, https://www.iccs.gr/en/.|
|Solution concept||General equilibrium (closed economy)|
GEM-E3 considers only energy related depletable resources. Coal, oil and gas sectors are associated with the respective reserves. For the depletable resource sectors reserves are considered to be a discrete production factor. The international price of the fossil fuel is calculated so as to balance total supply and total demand of reserves.