Energy - ENV-Linkages: Difference between revisions
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Note: The documentation of ENV-Linkages is 'in preparation' and is not yet 'published'!
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The final set of nests in production concern the energy bundle. It will be decomposed into demand for the energy commodities. The energy bundle is first decomposed into electric and non-electric bundles. The latter is then decomposed into a coal bundle and a non-coal bundle (or the oil & gas bundle). The oil & gas bundle is then split into a gas bundle and an oil bundle. The four-remaining bundle- electric, coal, oil and gas- represent a combination of existing or future energy sources. | |||
Latest revision as of 17:55, 26 September 2023
Note: The documentation of ENV-Linkages is 'in preparation' and is not yet 'published'!| Corresponding documentation | |
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| Previous versions | |
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| Model information | |
| Model link | |
| Institution | Organisation for Economic Co-operation and Development (OECD), France, https://www.oecd.org/. |
| Solution concept | General equilibrium (closed economy) |
| Solution method | Optimization |
| Anticipation | The ENV-Linkages model is a recursive dynamic neo-classical general equilibrium model, meaning that decision-makers do not know the future when making a decision today. After it solves each period, the model then uses the resulting state of the world, including the consequences of decisions made in that period - such as resource depletion, capital stock retirements and installations, and changes to the landscape - and then moves to the next time step and performs the same exercise. |
The final set of nests in production concern the energy bundle. It will be decomposed into demand for the energy commodities. The energy bundle is first decomposed into electric and non-electric bundles. The latter is then decomposed into a coal bundle and a non-coal bundle (or the oil & gas bundle). The oil & gas bundle is then split into a gas bundle and an oil bundle. The four-remaining bundle- electric, coal, oil and gas- represent a combination of existing or future energy sources.