Energy resource endowments - POLES

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Model Documentation - POLES
Corresponding documentation
Model information
Institution JRC - Joint Research Centre - European Commission (EC-JRC), Belgium, http://ec.europa.eu/jrc/en/poles.
Solution concept Partial equilibrium (price elastic demand)
Solution method SimulationRecursive simulation
Anticipation Myopic

The model distinguishes different geographical representations according to the resource considered.

Supply is linked to demand regions via trade:

  • Oil: producers all export to single global market "pool"
  • Gas: large producers export towards 14 importing regions; small producers only supply domestic demand
  • Coal: large producers export towards 14 importing regions; small producers only supply domestic demand
  • Solid biomass: producers supply domestic demand or export towards a global market depending on the relative cost of production
  • Liquid biofuels: similar to solid biomass
  • Uranium: single global supply cost curve
  • Primary electricity (hydro, solar, wind): country-specific renewables potentials for power generation for domestic electricity demand