Gaseous fuels - GRACE
GRACE simulates production and consumption of only one gaseous fuel, i.e., natural gas. The production of natural gas is modeled as a nested CES function of intermediate inputs and primary factors. It can be used by industries, electricity generation, and households.
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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|