Industrial sector - AIM-Hub
|Institution||National Institute for Environmental Studies (NIES), Japan, https://www.nies.go.jp/index-e.html., Kyoto-University (Kyoto-University), Japan, https://www.kyoto-u.ac.jp/en.|
|Solution concept||General equilibrium (closed economy)|
The model has two options for determining energy demands from the industrial sector. One is the use of traditional functions such as the CES function for production sectors. The other option enables the consideration of bottom-up energy technological information and the energy demand explicitly determined by detailed energy technologies. Usually, for relatively long-term analysis (such as 2100), the Constant Elasticity Substitution (CES) function is used. The nested structure and elasticity values are shown in fiugre 1.