“…They furthermore assume that the most economically viable reserves will be exploited first, regardless of the complex interplay of other socio-geopolitical factors that shape the reality of producing companies (Heede and Oreskes, 2016), countries (Johnsson et al, 2018), and regions (Verbruggen and de Graaf, 2013;Norouzi et al, 2020). On the other hand, typical upward sloping cost-supply curves are subject to criticism for potentially outdated, simplistic and overoptimistic assumptions in the recoverability of fossil resources (Brecha, 2008;Kharecha and Hansen, 2008;Nel and Cooper, 2009;Höök et al, 2010;Verbruggen and Marchohi, 2010;Chiari and Zecca, 2011;Höök, 2011;Dale et al, 2012;Mercure and Salas, 2012;Berg and Boland, 2013;Höök and Tang, 2013;Murray and Hansen, 2013;Capellán-Pérez et al, 2014;Chapman, 2014;Mohr et al, 2015;Murray, 2016;Bauer et al, 2016;Capellán-Pérez et al, 2016;Ritchie and Dowlatabadi, 2017;Wang et al, 2017;Capellán-Pérez et al, 2020). For instance, the MESSAGE (IIASA, 2020) and IMACLIM-R (Waisman et al, 2012a) (partly) models continue to depend on the data provided by Rogner et alRogner (1997) for global fossil fuel reserves and resources, while the EPPA model (Chen et al, 2022) includes simple recursive endogenous resource supply functions.…”