Publications of the Project: RESOURCES

The Role of CO2-EOR for the Development of a CCTS Infrastructure in the North Sea Region: A Techno-Economic Model and Applications

Scenarios of future energy systems attribute an important role to Carbon Capture, Transport, and Storage (CCTS) in achieving emission reductions. Using captured CO2for enhanced oil recovery (CO2-EOR) can improve the economics of the technology. This paper examines the potential for CO2-EOR in the North Sea region. UK oil fieldsare found to account for 47% of the estimated total additional recovery ...

Endogenous Production Capacity Investment in Natural Gas Market Equilibrium Models

The large-scale natural gas equilibrium model applied in Egging, 2013 combines long-term market equilibria and investments in infrastructure while accounting for market power by certain suppliers. Such models are widely used to simulate market outcomes given different scenarios of demand and supply development, environmental regulations and investment options in natural gas and other resource markets.. ...

A Note on Allowing Negative Energy Prices in a Discretely Constrained MPEC

Crude Oil Market Power: A Shift in Recent Years?

We investigate the exertion of market power in the global crude oil market over the past years. Recognizing the difficulty of identifying market power in the crude oil market by empirical studies, we propose a numerical partial equilibrium model formulated as a mixed complementarity problem. Our approach allows for strategic behavior in a Nash-Cournot market, a Stackelberg leader-follower game, an ...

The End of Cheap Coal? A Techno-Economic Analysis until 2030 Using the COALMOD-World Model

Questions about the future availability of inexpensive coal supplies are rising. In this paper a numerical model is developed to investigate the evolution of the international market for steam coal used for electricity generation. The "COALMOD-World" model is an equilibrium model that computes future trade flows, infrastructure investments and prices until 2030. The model includes the major domestic ...

What about Coal? Interactions between Climate Policies and the Global Steam Coal Market until 2030

Because of economic growth and a strong increase in global energy demand the demand for fossil fuels and therefore also greenhouse gas emissions are increasing, although climate policy should lead to the opposite effect. The coal market is of special relevance as coal is available in many countries and often the first choice to meet energy demand. In this paper we assess possible interactions between ...

The Infrastructure Implications of the Energy Transformation in Europe until 2050: Lessons from the EMF28 Modeling Exercise

This paper summarizes the approaches to and the implications of bottom-up infrastructure modeling in the framework of the EMF28 model comparison "Europe 2050: The Effects of Technology Choices on EU Climate Policy". It includes models covering all the sectors currently under scrutiny by the European Infrastructure Priorities: Electricity, natural gas, and CO2. Results suggest that some infrastructure ...

The COALMOD-World Model: Coal Markets until 2030

Global Steam Coal Markets until 2030: Perspectives on Production, Trade and Consumption under Increasing Carbon Constraints

Investigating a CO2 Tax and a Nuclear Phase Out with a Multi-Fuel Market Equilibrium Model

We present an energy market equilibrium model that captures climate aspects, infrastructure constraints, fuel substitution, and market power ala Cournot in a single framework. The model represents the supply and transportation infrastructure, fuel transformation, power generation, and several demand sectors of fossil fuels, renewables and nuclear energy. We calibrate the model to market data from the ...