Energy resource endowments - GRACE
Energy resource endowments are generally exogenous in GRACE. Depending on research questions, the endowments can be updated over time based on results from other energy models such as the energy model used by the International Energy Agency.
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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|