Energy supply/Description: Difference between revisions

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Fossil fuel resources are aggregated to five resource categories for each fuel (Table above). Each category has typical production costs. The resource estimates for oil and natural gas supply imply that for conventional resources supply is limited to only two to eight times the 1970–2005 production level. Production estimates for unconventional resources are much larger, albeit very speculative. Recently, some of the occurrences of these unconventional resources have become competitive such as shale gas and tar sands. For coal, even current reserves amount to almost ten times the production level of the last three decades. For all fuels, the model assumes that, if prices increase, or if there is further technology development, the energy could be produced in the higher cost resource categories. The values presented in Table above represent medium estimates in the model, which can also use higher or lower estimates in the scenarios. The final production costs in each region are determined by the combined effect of resource depletion and learning-by-doing.  
Fossil fuel resources are aggregated to five resource categories for each fuel (the table above). Each category has typical production costs. The resource estimates for oil and natural gas supply imply that for conventional resources supply is limited to only two to eight times the 1970–2005 production level. Production estimates for unconventional resources are much larger, albeit very speculative. Recently, some of the occurrences of these unconventional resources have become competitive such as shale gas and tar sands. For coal, even current reserves amount to almost ten times the production level of the last three decades. For all fuels, the model assumes that, if prices increase, or if there is further technology development, the energy could be produced in the higher cost resource categories. The values presented in the table above represent medium estimates in the model, which can also use higher or lower estimates in the scenarios. The final production costs in each region are determined by the combined effect of resource depletion and learning-by-doing.  


===Trade===
===Trade===

Revision as of 14:30, 24 June 2014

Link to framework components overview

Parts of Energy supply/Description

  1. Introduction page
  2. Model description
  3. Policy issues
  4. Data, uncertainty and limitations
  5. Overview of references
    6. Additional info
  6. Technical learning
Component is implemented in:
Aggregated component:Components:
Related IMAGE components
Projects/Applications
Key publications
References
TIMER model, energy supply module
Flowchart Energy supply. See also the Input/Output Table on the introduction page.

Model description of Energy supply

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