Fossil energy resources - C3IAM
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Corresponding documentation | |
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Previous versions | |
Model information | |
Model link | |
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) |
Solution method | Optimization |
Anticipation |
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.