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.

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
    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