Energy - GRACE

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GRACE describes supply and demand of five energy carriers: coal, crude oil, gas, refined oil, and electricity. Depending on data availability, the electricity generation is further divided into generation technologies including coal-fueled, oil-fueled, gas-fueled, nuclear, hydro, wind, solar, and other renewable technologies. The supply and demand is simulated by nested CES functions.

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