Liquid fuels - GRACE

From IAMC-Documentation
Jump to: navigation, search

GRACE simulates production and consumption of two liquid fuels, i.e., crude oil and refined oil. Their production is simulated as nested CES functions of intermediate inputs and primary factors. The liquid fuels can be used by industries, electricity generation, and households.

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