Model Documentation - TIAM-UCL
|Model Documentation - TIAM-UCL|
|Institution||University College London (UCL)|
|Concept||Energy Systems partial equilibrium|
|Solution method||Linear optimisation|
|Anticipation|| Perfect Foresight
(Stochastic and myopic runs are also possible)
TIAM-UCL is a global energy systems model that is usually run along with a climate module (calibrated to MAGICC) and an aggregated economic module (Macro Stand-Alone) in order to assess long-term energy decarbonisation scenarios and pathways.
The model is called the TIMES Integrated Assessment Model in UCL. TIMES is itself an acronym for ‘The Integrated MARKAL-EFOM System’.
The framework is akin to that of a long-term social planner with perfect foresight that acheives exogenous energy demands at lowest cost given detailed energy technology assumptions and specified constraints