Model Documentation - GRACE
Note: The documentation of GRACE is 'under review' and is not yet 'published'!| 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 | |
Introduction
The model for Global Responses to Anthropogenic Change in the Environment (GRACE) is a multi-sector, multi-regional, recursively dynamic global computable general equilibrium model (CGE) written in GAMS and based on GTAP database. The initial version of the model was developed at CICERO by Aaheim and Rive (2005) for long-term economic analysis of climate change impacts and greenhouse gas abatement policy. It was designed to allow for additional modules for analysis, including emissions permit trading and climate impacts on economic sectors.
Coupled with an atmospheric model, the model can also be used for integrated assessment modelling of the climate and economy. Since then several versions have been developed by updating data and certain modules for various studies. A recent description of the model is available here.
Table of contents
Model scope and methods
Socio-economic drivers
Macro-economy
- Production system and representation of economic sectors
- Capital and labour markets
- Monetary instruments
- Trade
- Technological change
Energy
Land-use
- Agriculture
- Forestry
- Land-use change
- Bioenergy land-use
- Other land-use
- Agricultural demand
- Technological change in land-use