Energy resource endowments - GEM-E3: Difference between revisions
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Latest revision as of 10:22, 17 August 2016
Corresponding documentation | |
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Previous versions | |
Model information | |
Model link | |
Institution | Institute of Communication And Computer Systems (ICCS), Greece, https://www.iccs.gr/en/. |
Solution concept | General equilibrium (closed economy) |
Solution method | Optimization |
Anticipation |
GEM-E3 considers only energy related depletable resources. Coal, oil and gas sectors are associated with the respective reserves. For the depletable resource sectors reserves are considered to be a discrete production factor. The international price of the fossil fuel is calculated so as to balance total supply and total demand of reserves.