This model is based off Meadows economic capital with reinforcing growth loop constrained by a renewable resource model.
This model is based off Meadows economic capital with reinforcing growth loop constrained by a renewable resource model.
Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.
Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.
Overview of Part E Ch 20 to 24 of Mitchell Wray and Watts Textbook see  IM-164967  for book overview
Overview of Part E Ch 20 to 24 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.
Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.
Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.
Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.
  The current electricity portfolio of Texas  is heavily reliant on high-emission sources of fossil fuel (i.e. Coal). Texas has a range of energy options at its disposal and has the opportunity to make choices that grow renewables (e.g. solar and wind) while encouraging the production of less carbon

The current electricity portfolio of Texas is heavily reliant on high-emission sources of fossil fuel (i.e. Coal). Texas has a range of energy options at its disposal and has the opportunity to make choices that grow renewables (e.g. solar and wind) while encouraging the production of less carbon-intensive fossil fuels (e.g. natural gas).

As boundaries to our problem, we will be using 35 years as our time frame. We will also limit our model to the State of Texas as our spatial extent. Over the past decade, Texas is becoming a major natural gas consumer; the electricity portfolio has been gradually changing. However, around 40% of electricity is still generated from burning coal, and only a very minor portion of electricity is from renewables. Texas is betting better in adopting solar and wind energy, however generally speaking the state is still falling behind in renewable energy.

The two main goals are to lower the overall emission of greenhouse gases for the electricity grid and to encourage growth of cleaner, renewable energy resources.

Our objectives include maximizing the economic benefits of exploring unconventional oil and natural gas resources, diversifying the energy portfolio of Texas, encouraging the production and exportation of unconventional hydrocarbon resources, and reallocating the added revenue to the transition to renewables, like wind and solar

Causal loop diagram illustrating a variety of feedback loops influencing the price of oil.
Causal loop diagram illustrating a variety of feedback loops influencing the price of oil.
Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.
Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.
This is a simplification of the Austerity vs Prosperity model in the hope that it will be easier to understand. @ LinkedIn ,  Twitter ,  YouTube
This is a simplification of the Austerity vs Prosperity model in the hope that it will be easier to understand.