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v7.1 |
Table 1: Inputs required by the marketplace module
| Name | Resolution | Unit | Source |
|---|---|---|---|
| Supply of all energy commodities | Region and year | EJ/yr | Energy Supply Module |
| Demand for all energy commodities | Region and year | EJ/yr | Energy Demand Module |
| Supply of all agriculture and land-based commodities | Region and year | Various (e.g., Mt/yr, billion m3/yr) | Land Supply Module |
| Demand for all agriculture and land-based commodities | Region and year | Various (e.g., Mt/yr, billion m3/yr) | Land Demand Module |
| Supply of all water types | Basin and year | km3 | Water Supply Module |
| Demand for water withdrawals and consumption | Basin and year | km3 | Water Demand Module |
GCAM operates by determining a set of prices that ensure supply is equal to demand for all time steps. The marketplace collects the supplies and demands and uses solver algorithms to determine those prices.
This section summarizes some of the marketplace policy options available in GCAM.
GCAM users can directly specify the price of carbon or GHGs. Given a carbon price, the resulting emissions will vary depending on other scenario drivers, such as population, GDP, resources, and technology. See example.