7 non-renewable energy carriers (list HERE), and 21 supply curves (cost-quantity functions) are created for these carriers for each model region. These curves are anchored by the base year quantity which are the primary production quantities from the IEA energy balance in 2019
Base prices are assumed based on the prevailing global price in 2019
Elasticities are tuned to follow the price trajectories reported in the IEA scenarios. Regional differences are based on remaining reserves.
Bioenergy resources are a separate layer — first-generation crops and oils at country level, agricultural residues and wet wastes as collection/removal curves, and GLOBIOM lignocellulosic potential at model-region price steps. See Bioenergy resources.