Energy resource endowments - REMIND
|Model Documentation - REMIND|
|Institution||Potsdam Institut für Klimafolgenforschung (PIK), Germany, https://www.pik-potsdam.de/research/sustainable-solutions/models/remind.|
|Solution concept||General equilibrium (closed economy)MAgPIE: partial equilibrium model of the agricultural sector;|
|Solution method||OptimizationMAgPIE: cost minimization;|
The primary energy carriers in REMIND include both exhaustible and renewable resources. Exhaustible resources comprise uranium as well as three fossil resources, namely coal, oil, and gas. Renewable resources include hydro, wind, solar, geothermal, and biomass. It is possible to trade coal, oil, gas, uranium, and biomass across regions, but the trading of resources is subject to regional and resource-specific trade costs.