Energy resource endowments - EPPA
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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 |
The fossil energy endowments of EPPA are from the United States Geological Survey and World Energy Council, with details provided in Paltsev et al. (2005).[1] Nuclear and hydro have much simpler structures, focusing on the relevant resource and capital and labor. For both of these the resource is a fixed factor endowment specific to the technology and region. Changes in the resource over time are controlled exogenously. More discussion of the basis for these exogenous assumptions are found in Paltsev et al. (2005).
- ↑ Paltsev, S., J.M. Reilly, H.D. Jacoby, R.S. Eckaus, J. McFarland, M. Sarofim, M. Asadoorian and M. Babiker (2005): The MIT Emissions Prediction and Policy Analysis (EPPA) Model: Version 4. Joint Program Report Series Report 125, 72 pages (http://globalchange.mit.edu/publication/14578)