Technological change - GRACE
Technological change of energy and other production activities is generally exogenous in GRACE. In a reference scenario, technological change is calibrated to a given future pathway. In other scenarios, technological change is generallly the same as the reference scenarios without specific reasons.
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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|