Fossil energy resources - C3IAM
|Institution||Center for Energy and Environmental Policy Research, Beijing Institute of Technology (CEEP-BIT), China, http://ceep.bit.edu.cn/english/.|
|Solution concept||General equilibrium (closed economy)|
Fossil energy resources are subject to depletion based on physical production of related fuel in the previous period. Because C3IAM solves on a five-year time-step we approximate depletion in intervening years by multiplying the production of each fuel resource by a factor of five. As follows:
Where R represents fossil energy resource (including coal, oil, and gas) in region r, X represents the production of fossil energy in the previous period.