In this last period, the WILIAM ("Within limits IAM") has been finalised and published (version 1.2). The model includes:
- The model includes a geographic breakdown of variables into 9 global regions, and for the region "EU-27" a breakdown into countries for the variables of the economy, finance, demography and society modules.
- WILIAM model is structured in eight integrated modules: (1) demography, (2) society, (3) economy, (4) finance, (5) energy, (6) materials, (7) land and water, and (8) climate.
• Demography: models regional population evolution (including household’s heterogeneity) feeding economy, given exogenous assumptions.
• Society: includes indicators of inequality (Gini), development (HDI) and a stylized education submodule.
• Economy: The economy is represented by a dynamic econometric model covering 35 regions, with detailed representation of consumption (including 60 household types), production (based on input-output tables of 62 sectors), government (including collection of taxes + public expenditures), investment, labour, international trade and financial dimensions.
• Finance: models the constraints in the economic and energy system due to financial assets and public and private debt.
• Energy: represents the full energy supply-chain, i.e the main refinery, transformation and supply processes. The variability of renewables is considered by keeping track of sub-annual time scale effects on annual energy balances depending on the current power system setup of build-up of generation capacities and flexibility capacities (demand-side management, storage, sector coupling, hydrogen and synthetic fuels). The computation of the EROI of the full system considers the EROI and material requirements of green technologies, which feedbacks the energy demand. Techno-sustainable potentials of renewables are included considering biophysical, geographical, natural resources and EROI constraints. Passenger transport is modelled bottom-up and includes a detailed representation of 11 transport modes, 10 power trains and a portfolio of behavioural policies.
• Materials: includes fossil fuels, uranium and the main base metals which are fully integrated with energy and economy modules. The material requirements for key green technologies are also assessed in a bottom-up way for solar, wind and electric batteries.
• Land and water: The land-use module including human food, energy and climate interactions, thus allowing endogenizing land-based renewable potentials (solar and bioenergy), considering the agriculture and land related emissions, and the effects of climate change on biophysical variables such as crop yields. The main output of the water module is water availability based on demand, supply and climate change impacts.
• Climate: The module converts emissions coming from the other modules in changes in main climate variables, such as mean temperature change and sea level rise. Climate change impacts on capital stock, labour productivity and crop yields are computed.
- Selected simulation results, modelling passenger transport policies, universal basic income, fiscal policies, green hydrogen policies and distributional issues regarding land use have been presented (Deliverable 8.4).
- To enable the use of the model for users without programming skills, two user-friendly and target group specific interfaces (the Model Explorer and the Model Analyzer) have be developed and published for use. A participatory simulation game for educational purposes has been developed.