Trade - TIAM-UCL

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Model Documentation - TIAM-UCL
Corresponding documentation
Model information
Institution University College London (UCL), UK, https://www.bartlett.ucl.ac.uk/energy.
main users: Energy modellers
Solution concept
Solution method
Anticipation Perfect Foresight

(Stochastic and myopic runs are also possible)

Energy Trade

Regional trade is modelled in the trade module. In the current version of TIAM-UCL, regional trade is allowed for coal, natural gas, LNG, natural gas liquid, uranium oil and oil products such as heavy fuel oil, gasoline, naphtha, diesel, energy crops and solid biomass. Emission trading under cap-and-trade policy is also modelled and the level of trading can be constrained. Trading in the base-year 2005 is calibrated to the actual energy import and export data. Base-year energy trade (import and export of fossil resources) for the UK is taken from DUKES (2010).

Table 2-3: Resources traded in the 16 region TIAM-UCL global model

Resource
Crude oil
Hard coal
Natural gas
Heavy fuel oil
Naphtha
Gasoline
Natural gas liquid
Distillates (diesel)
Liquefied natural gas
Uranium
Biomass
Bio-Fuels
Emissions permits