Technological change in energy - GRACE
Technological change in energy is exogenous. It is generally calibrated to obtain energy consumption and production in a given pathway of the future in a reference scenario. In alternative scenarios, the technological change in energy is assumed the same as the reference scenario 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|