Fossil energy resources - REMIND-MAgPIE

Model Documentation - REMIND-MAgPIE
Model scope and methods - REMIND-MAgPIE Model concept, solver and details - REMIND-MAgPIE XML-test Model concept, solver and details Temporal dimension - REMIND-MAgPIE Spatial dimension - REMIND-MAgPIE Policy - REMIND-MAgPIE Socio-economic drivers - REMIND-MAgPIE Population - REMIND-MAgPIE Economic activity - REMIND-MAgPIE Macro-economy - REMIND-MAgPIE Production system and representation of economic sectors - REMIND-MAgPIE Trade - REMIND-MAgPIE Energy - REMIND-MAgPIE Energy resource endowments - REMIND-MAgPIE Fossil energy resources - REMIND-MAgPIE Uranium and other fissile resources - REMIND-MAgPIE Bioenergy - REMIND-MAgPIE Non-biomass renewables - REMIND-MAgPIE Energy conversion - REMIND-MAgPIE Electricity - REMIND-MAgPIE Heat - REMIND-MAgPIE Grid, pipelines and other infrastructure - REMIND-MAgPIE Energy end-use - REMIND-MAgPIE Transport - REMIND-MAgPIE Residential and commercial sectors - REMIND-MAgPIE Industrial sector - REMIND-MAgPIE Energy demand - REMIND-MAgPIE Technological change in energy - REMIND-MAgPIE Land-use - REMIND-MAgPIE Agriculture - REMIND-MAgPIE Forestry - REMIND-MAgPIE Emissions - REMIND-MAgPIE GHGs - REMIND-MAgPIE Pollutants and non-GHG forcing agents - REMIND-MAgPIE Climate - REMIND-MAgPIE Non-climate sustainability dimension - REMIND-MAgPIE Appendices - REMIND-MAgPIE Mathematical model description - REMIND-MAgPIE References - REMIND-MAgPIE
Corresponding documentation
AIM-Hub BLUES C3IAM COFFEE-TEA DNE21+ GCAM GRACE IFs IMACLIM IMAGE MESSAGE-GLOBIOM POLES PROMETHEUS REMIND-MAgPIE
Previous versions
Archive of REMIND-MAgPIE version 1.7
Model information
Model link	https://www.pik-potsdam.de/research/sustainable-solutions/models/remind https://rse.pik-potsdam.de/doc/remind/2.1.3 https://github.com/remindmodel/remind/releases/tag/v2.1.3 https://github.com/magpiemodel/magpie/releases/tag/v4.2.1 https://rse.pik-potsdam.de/doc/magpie/4.2.1/
Institution	Potsdam Institut für Klimafolgenforschung (PIK), Germany, https://www.pik-potsdam.de.
Solution concept	General equilibrium (closed economy)MAgPIE: partial equilibrium model of the agricultural sector;
Solution method	OptimizationMAgPIE: cost minimization;
Anticipation

Exhaustible resources

REMIND characterizes exhaustible resources such as coal, oil, gas, and uranium in terms of extraction cost curves. Fossil resources (e.g., oil, coal, and gas) are further defined by decline rates and adjustment costs (Bauer et al. 2013). Extraction costs increase over time as low-cost deposits become exhausted (Herfindahl 1967; Rogner 1997; Aguilera et al. 2009; BGR 2010; Rogner et al. 2012). In REMIND, we use region-specific extraction cost curves that relate production cost increases to cumulative extraction (IHS CERA 2012; Rogner et al. 2012).

Piecewise linear functions are employed for fossil resource extraction curves, while uranium extraction costs follow a third-order polynomial parameterization. Additionally, as a scenario choice, it is possible to make oil and gas extraction cost curves time dependent. This means that resources and costs may increase or decrease over time depending on expected future conditions such as technological and geopolitical changes. The amount of available uranium is limited to 23 Mt. This resource potential includes reserves, conventional resources, and a conservative estimate of unconventional resources (NEA 2009).

REMIND prescribes decline rates for the extraction of coal, oil, and gas. In the case of oil and gas, these are dynamic extraction constraints based on data published by the International Energy Agency (IEA 2008; IEA 2009). An additional dynamic constraint limits the extraction growth of coal, oil, and gas to 10% per year. In addition, we ues adjustment costs to represent short-term price markups resulting from rapid expansion of resource production (Dahl and Duggan 1998; Krichene 2002; Askari and Krichene 2010).

Trade costs are both region -and resource-specific. Oil trade costs range between 0.22 USD/GJ in AFR and 0.63 USD/GJ in EUR. Gas trade costs are lowest in EUR and JPN with a value of 1.52 USD/GJ and reach a maximum in CHN with a value of 2.16 USD/GJ. Coal trade costs range between 0.54 USD/GJ in JPN and 0.95 USD/GJ in IND.