Model Documentation - PROMETHEUS: Difference between revisions
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The PROMETHEUS model provides detailed projections of energy demand, supply, power generation mix, energy-related carbon emissions, energy prices and investment to the future covering the global energy system. PROMETHEUS is a fully fledged energy demand and supply simulation model aiming at addressing energy system analysis, energy price projections, power generation planning and climate change mitigation policies. PROMETHEUS contains relations and/or exogenous variables for all the main quantities, which are of interest in the context of general energy systems analysis. These include demographic and economic activity indicators, primary and final energy consumption by main fuel, fuel resources and prices, CO2 emissions, greenhouse gases concentrations and technology dynamics (for power generation, road transport, hydrogen production and industrial and residential end-use technologies). | |||
PROMETHEUS quantifies CO2 emissions and incorporates environmentally oriented emission abatement technologies (like RES, electric vehicles, CCS, energy efficiency) and policy instruments. The latter include both market based instruments such as cap and trade systems with differential application per region and sector specific policies and measures focusing on specific carbon emitting activities. Key characteristics of the model, that are particularly pertinent for performing the analysis of the implications of alternative climate abatement scenarios, include world supply/demand resolution for determining the prices of internationally traded fuels and technology dynamics mechanisms for simulating spill-over effects for technological improvements (increased uptake of a new technology in one part of the world leads to improvements through learning by experience which eventually benefits the energy systems in other parts of the World). | |||
PROMETHEUS is designed to provide medium and long term energy system projections and system restructuring up to 2050, both in the demand and the supply sides. The model produces analytical quantitative results in the form of detailed energy balances in the period 2015 to 2050 annually. The model can support impact assessment of specific energy and environment policies and measures, applied at regional and global level, including price signals, such as taxation, subsidies, technology and energy efficiency promoting policies, RES supporting policies, environmental policies and technology standards | |||
The geographical representation is based on the importance of countries in energy consumption and GHG emissions. PROMETHEUS describes full energy and emissions balances for 10 geographical units, in particular for: China, India, North America (USA and Canada), OECD Pacific (Japan, S. Korea, Australia, New Zealand), EU-28, CIS (Russian Federation and other Commonwealth of Independent States), MENA (Middle East and North Africa), EMRG (Emerging economies) and RESTW (Rest of the world).{{ModelDocumentationTemplate | The geographical representation is based on the importance of countries in energy consumption and GHG emissions. PROMETHEUS describes full energy and emissions balances for 10 geographical units, in particular for: China, India, North America (USA and Canada), OECD Pacific (Japan, S. Korea, Australia, New Zealand), EU-28, CIS (Russian Federation and other Commonwealth of Independent States), MENA (Middle East and North Africa), EMRG (Emerging economies) and RESTW (Rest of the world).{{ModelDocumentationTemplate | ||
|IsDocumentationOf=PROMETHEUS | |IsDocumentationOf=PROMETHEUS | ||
Revision as of 09:59, 10 September 2020
The PROMETHEUS model provides detailed projections of energy demand, supply, power generation mix, energy-related carbon emissions, energy prices and investment to the future covering the global energy system. PROMETHEUS is a fully fledged energy demand and supply simulation model aiming at addressing energy system analysis, energy price projections, power generation planning and climate change mitigation policies. PROMETHEUS contains relations and/or exogenous variables for all the main quantities, which are of interest in the context of general energy systems analysis. These include demographic and economic activity indicators, primary and final energy consumption by main fuel, fuel resources and prices, CO2 emissions, greenhouse gases concentrations and technology dynamics (for power generation, road transport, hydrogen production and industrial and residential end-use technologies).
PROMETHEUS quantifies CO2 emissions and incorporates environmentally oriented emission abatement technologies (like RES, electric vehicles, CCS, energy efficiency) and policy instruments. The latter include both market based instruments such as cap and trade systems with differential application per region and sector specific policies and measures focusing on specific carbon emitting activities. Key characteristics of the model, that are particularly pertinent for performing the analysis of the implications of alternative climate abatement scenarios, include world supply/demand resolution for determining the prices of internationally traded fuels and technology dynamics mechanisms for simulating spill-over effects for technological improvements (increased uptake of a new technology in one part of the world leads to improvements through learning by experience which eventually benefits the energy systems in other parts of the World).
PROMETHEUS is designed to provide medium and long term energy system projections and system restructuring up to 2050, both in the demand and the supply sides. The model produces analytical quantitative results in the form of detailed energy balances in the period 2015 to 2050 annually. The model can support impact assessment of specific energy and environment policies and measures, applied at regional and global level, including price signals, such as taxation, subsidies, technology and energy efficiency promoting policies, RES supporting policies, environmental policies and technology standards
The geographical representation is based on the importance of countries in energy consumption and GHG emissions. PROMETHEUS describes full energy and emissions balances for 10 geographical units, in particular for: China, India, North America (USA and Canada), OECD Pacific (Japan, S. Korea, Australia, New Zealand), EU-28, CIS (Russian Federation and other Commonwealth of Independent States), MENA (Middle East and North Africa), EMRG (Emerging economies) and RESTW (Rest of the world).
Note: The documentation of PROMETHEUS is 'under review' and is not yet 'published'!| Corresponding documentation | |
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| Previous versions | |
| No previous version available | |
| Model information | |
| Model link | |
| Institution | E3Modelling (E3M), Greece, https://e3modelling.com/modelling-tools. |
| Solution concept | Partial equilibrium (price elastic demand) |
| Solution method | Simulation |
| Anticipation | Energy system simulation.Foresight is included only is some sub-modules (i.e. electricity generation) |
The model runs with a 1 year time step, usually from 2018 to 2050, the 2015-2018 period being almost entirely set by data and used for calibration. The model horizon will be expanded to 2100.