Energy - TIAM-UCL
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| Corresponding documentation | |
|---|---|
| Previous versions | |
| Model information | |
| Model link | |
| Institution | University College London (UCL), UK, https://www.ucl.ac.uk. |
| Solution concept | Partial equilibrium (price elastic demand) |
| Solution method | Linear optimisation |
| Anticipation | Perfect Foresight
(Stochastic and myopic runs are also possible) |
TIAM-UCL models all primary energy sources (oil, gas, coal, nuclear, biomass, and renewables) from resource production through to their conversion, infrastructure requirements, and finally to sectoral end-use. Note, throughout this section the term hurdle rate, or cost of capital, is used to refer to a technology specific discount rate.