Electricity - GRACE

From IAMC-Documentation
Jump to: navigation, search

The electricity sector consists of power generation and transmission and distribution. Transmission and distribution are represented by a service sector. Imperfect substitutability among power generation technologies is assumed to depict market inertias associated with switching from one technology to another. GRACE simulates six technologies of power generation from coal, oil, gas, nuclear, hydro, and other renewables.

Electricity is consumed by both industrial producers and households.

Alert-warning.png Note: The documentation of GRACE is 'under review' and is not yet 'published'!

Model Documentation - GRACE

Corresponding documentation
Previous versions
No previous version available
Model information
Model link https://sites.google.com/view/taoyuanwei/home/grace
Institution Center for International Climate Research (CICERO), Norway, https://cicero.oslo.no/en.
Solution concept General equilibrium (closed economy)
Solution method SimulationRecursive dynamic solution method
Anticipation