Baseline GECO 2021

The economic Multi-Regional Input-Output tables used in the Global Energy and Climate Outlook (GECO) 2021 for the baseline scenario are presented. The Baseline scenario represents a projection of the world economy with corresponding energy demand and GHG's emissions reflecting the impact of COVID-19 on the economy and the energy demand. The procedure that was used to generate Baseline scenario is called PIRAMID which stands for: Platform to Integrate, Reconcile and Align Model-based Input-output Data. PIRAMID is a new methodology to project Multi-Regional Input-Output tables over time. This approach allows for integrating data from external models and databases. The I-O tables are supplemented by energy balances (in physical units) and GHGs projections.