Energy - GRACE
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GRACE describes supply and demand of five energy carriers: coal, crude oil, gas, refined oil, and electricity. Depending on data availability, the electricity generation is further divided into generation technologies including coal-fueled, oil-fueled, gas-fueled, nuclear, hydro, wind, solar, and other renewable technologies. The supply and demand is simulated by nested CES functions.
| Corresponding documentation | |
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| Previous versions | |
| No previous version available | |
| Model information | |
| Model link | |
| 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 | |