Solid fuels - GRACE
Solid fuels include coal and part of renewables. The coal production is modeled as a nested CES function of intermediate inputs and primary factors. Coal can be used by industries, electricity generation and households. Renewables are used for electricity generation.
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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|