Energy - EPPA
Note: The documentation of EPPA is 'in preparation' and is not yet 'published'!| Corresponding documentation | |
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| Previous versions | |
| No previous version available | |
| Model information | |
| Model link | |
| Institution | Massachusetts Institute of Technology (MIT), USA, https://globalchange.mit.edu/. |
| Solution concept | General equilibrium (closed economy) |
| Solution method | Optimization |
| Anticipation | |
In standard EPPA, it considers various types of primary energy, including 1) coal, 2) crude oil, 3) gas, 4) nuclear, 5) hydro, 6) wind, 7) solar, and 8) bio-energy. Per the crude oil, it is further converted into the refined oil, which is then consumed by intermediate and final use. On the other hand, the bio-energy considered in EPPA includes the first-generation biofuels, which are made from different types of food crops, and the second-generation cellulosic biofuels derived from non-food crops and waste biomass (EPA, 2022).[1]
Depending on the research need, there are also different versions of the model that were developed to offer more options of energy sources (e.g., hydrogen), or higher resolution on energy types (e.g., separating crude oil into conventional crude and tar sand, and disaggregating refined oil into gasoline and diesel). More details about the energy reserves and flows will be provided later.
- ↑ EPA (2022). Economics of Biofuels. The US Environmental Protection Agency. https://www.epa.gov/environmental-economics/economics-biofuels#:~:text=First%20generation%20biofuels%20are%20made,ethanol%2C%20butanol%2C%20and%20propanol. (Accessed on August 8, 2022)