Search Results for: Safflower oil other than crude
components of the aglink-cosimo model in addition to generating baseline outlook reports, the updated biofuels module will be used to simulate policies in the context of global climate change mitigation scenarios. even though the aglink- cosimo model assumes the world crude oil price exogenously, the
oil price. in order to capture the substitution effects, the use of high blend biofuels (hbbfq,c,t) in type of fossil fuel q in country c and year t is introduced as an exponential function of biofuels (cpbfq,c,t) and fossil fuel (cpfq,c,t) price ratios (as shown below). hbbfq,c,t = hs bf q,c,t*fq,c...
https://www.agri-outlook.org/about/Aglink-Cosimo-Biofuel-Documentation.pdf