IEA (2021), World Energy Model, IEA, Paris https://www.iea.org/reports/world-energy-model
In this report
Since 1993, the IEA has provided medium to long-term energy projections using the World Energy Model (WEM) – a large-scale simulation model designed to replicate how energy markets function. The WEM is the principal tool used to generate detailed sector-by-sector and region-by-region projections for the WEO scenarios. Download the WEM Methodology document for an in depth description of the overall approach and features of the model.