Energy conversion - GRACE
In GRACE, crude oil is used to produce refined oil products and electricity is generated from coal, gas, oil, nuclear, hydro and renewables. For more details, see the section of Production system and representation of economic sectors.
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|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|